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Corinthian's Exclusively Online Student Population Tops 2,000; FMU Receives Approval for Three New Exclusively Online Degrees - FMU Online Population Soars to 2,035 Students; Now Offers 12 Accredited Online Degrees - SANTA ANA, Calif., June 17 /PRNewswire-FirstCall/ -- Corinthian Colleges, Inc. (NASDAQ:COCO) today announced that its exclusively online student population is 2,035, exceeding the company's goal of 2,000 exclusively online students by the fiscal 2004 year end on June 30. The company also announced that Florida Metropolitan University (FMU) has received approval from the Accrediting Council for Independent Colleges and Schools to award three additional degrees that may be earned through exclusively online studies. The new degrees will be offered through FMU's online campus, FMU Online, and include bachelor of science and associate of science degrees in homeland security, and a bachelor of science degree in paralegal. FMU Online expects to begin enrolling students for these three new degree programs in July 2004. "The popularity of Corinthian's distance learning programs continues to accelerate," said David G. Moore, chairman and chief executive officer. "The growth of our online initiatives reflects the high quality of our online curricula and faculty, as well as student demand for this popular and flexible learning alternative." FMU Online students will now have the option to choose from 12 accredited degrees earned exclusively online, including master's degrees in business administration and criminal justice; bachelor's degrees in accounting, business, paralegal, homeland security and criminal justice; and associate's degrees in legal assistant/paralegal, business, accounting, homeland security and criminal justice. The exclusively online student population at Corinthian's FMU Online campus grew to 2,035 students at June 15, 2004, representing an increase of approximately 266% compared with the same period last year. Corinthian also announced that on Monday, June 21, 2004, for the first time, students attending Wyotech's Laramie, Wyoming campus will begin taking selected courses online in the associate's degree in Applied Service Management program. Moore said, "We are excited to offer students the option of online courses as an alternative to traditional classroom courses within our technical degrees. We believe there are excellent opportunities to migrate additional selected courses from our other technical degree programs to an online learning alternative." 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. Corinthian operates 89 colleges in 22 states in the U.S., and 45 colleges and 15 corporate training centers in seven Canadian provinces. Certain statements in this news 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 expectations regarding the popularity of, and demand for, its online courses, including new online courses for technical purposes. Many important factors may cause the company's actual results to differ materially from those discussed in any such forward-looking statements, including possible changes in student perception, changes in the demand for online curricula offered by the company, increased competition, possible changes in the effectiveness of the company's advertising and promotional efforts with respect to online offerings, and the other risks and uncertainties described in the company's filings with the 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, +1-714-427-3000, Ext. 432, or Diane Donohue, Director, IR & PR, +1-714-427-3000, Ext. 359, both of Corinthian Colleges, Inc.; or Cecilia Wilkinson or Rosemary Moothart, both of PondelWilkinson Inc., +1-323-866-6060, for Corinthian Colleges, Inc. Web site: http://www.cci.edu/

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