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Corinthian Colleges Plans to Open New Bryman Institute in St. Louis Metro Area - Company Continues Organic Growth With Third New Branch Campus Announced for Fiscal 2005 - SANTA ANA, Calif., May 12 /PRNewswire-FirstCall/ -- Corinthian Colleges, Inc. today announced that it has signed a lease for a new Bryman Institute in Earth City, Missouri that will offer education programs to prepare students in the greater St. Louis metropolitan area for careers in healthcare. The new facility will encompass approximately 30,000 square feet at 3420 Rider Trail South and is expected to open during Corinthian's fiscal 2005 third quarter, which will end March 31, 2005. Bryman-Earth City will be Corinthian's second location in Missouri, joining Springfield College-Springfield. "We are pleased to expand our ability to serve increasing numbers of career-oriented students and employers by bringing Bryman's allied health curricula to the greater St. Louis metropolitan area," said David G. Moore, chairman and chief executive officer. "We expect the new Earth City campus will enable Corinthian to continue building upon the well-known and well-respected Bryman name, while ensuring area students have the skills required to meet workforce demands. The move into the St. Louis area is consistent with our successful organic growth strategy of opening campuses in metropolitan areas with favorable demographics for our programs, and we look forward to growing our business in Missouri." The new Bryman-Earth City campus will initially offer diploma programs to prepare students for jobs as medical assistants and medical insurance billers/coders. Additional allied health programs are planned. Corinthian expects the campus to have a student population of approximately 400 within two years of its opening. Bryman Institute in Earth City, Missouri is the third planned new campus opening announced for fiscal 2005. About Corinthian Colleges Corinthian Colleges, Inc. is one of the largest post-secondary education companies in North America, and serves the large and growing segment of the population seeking to acquire career-oriented education to become more qualified and marketable in today's increasingly demanding workplace. Corinthian's colleges offer master's, bachelor's and associate's degrees and diploma programs in a variety of fields, with a concentration on careers in healthcare, business, criminal justice and technology. Excluding the two LTU continuing education centers expected to close in the fourth quarter of fiscal 2004 that will end June 30, 2004, Corinthian operates 87 colleges in 21 states in the U.S., and 45 colleges and 15 corporate training centers in seven Canadian provinces. Certain statements in this press release may be deemed to be forward-looking statements under the Private Securities Litigation Reform Act of 1995. The company intends that all such statements be subject to the "safe-harbor" provisions of that Act. Such statements include, but are not limited to, the company's beliefs about its ability to serve increasing numbers of career-oriented students and employers, its ability to continue building upon the Bryman name, its expectations regarding the student population of the new Earth City, Missouri location, and the company's previously announced plans to open ten new branch campuses during fiscal 2005. Many important factors may cause the company's actual results to differ materially from those discussed in any such forward-looking statements, including construction delays for new branch campuses, possible failure or inability to attain regulatory consents for branch campuses, potential increased competition, possible changes in student perception, changes in demand for curricula offered by the company, the effectiveness of the company's advertising and promotional efforts, and the other risks and uncertainties described in the company's filings with the U.S. Securities and Exchange Commission. The historical results achieved by the company are not necessarily indicative of its future prospects. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. DATASOURCE: Corinthian Colleges, Inc. CONTACT: Dennis Beal, EVP/CFO, ext. 432, or Diane Donohue, Director, IR/PR, ext. 359, both of Corinthian Colleges, Inc., +1-714-427-3000; or Cecilia Wilkinson, or Rosemary Moothart, both of Pondel Wilkinson Inc., +1-323-866-6060, for Corinthian Colleges, Inc. Web site: http://www.cci.edu/

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