COCO Vita Coco Company Inc

Corinthian Colleges Plans to Open Fifth Olympia College in Greater Chicago Metro Area - Olympia-Merrionette Park, IL Fourth New Campus Announced for Fiscal 2005 - SANTA ANA, Calif., July 14 /PRNewswire-FirstCall/ -- Corinthian Colleges, Inc. (NASDAQ:COCO) today announced that it has signed a lease for a new Olympia College in the greater Chicago metropolitan area. Encompassing approximately 30,000 square feet in a new build-to-suit facility, the campus will be located at 11600-11800 South Kedzie Avenue, Merrionette Park, Illinois. Olympia-Merrionette Park is expected to open in the fiscal 2005 fourth quarter that will end June 30, 2005. "The demographics of Illinois and Chicago continue to present strong opportunities for Corinthian to serve student and employer needs with career-oriented education programs," said David G. Moore, chairman and chief executive officer. "The new Olympia College, which will be our fifth in the greater Chicago metropolitan area, demonstrates our organic growth strategy and our goal of broadening Corinthian's presence in the region. Corinthian initiated its Chicago metropolitan area growth strategy plan in February 2001 with the acquisition of Grand Rapids Educational Center, Inc., and we believe the planned new campus underscores strong brand recognition and lead flow for the high-quality education programs we offer." Olympia-Merrionette Park will initially offer diploma programs in medical assisting, medical insurance billing and coding, and pharmacy technician. The Bureau of Labor Statistics estimates in the year 2002 medical assistants held approximately 365,000 jobs in the United States, and it expects this number to increase 59% to approximately 579,000 jobs by 2012. Corinthian also operates Olympia Colleges in downtown Chicago, Skokie and Burr Ridge, Illinois and Merrillville, Indiana. Corinthian currently expects to open ten new branch campuses in fiscal 2005. Olympia-Merrionette Park is the fourth campus announced for fiscal 2005. Corinthian expects the campus to have a student population of approximately 400 within two years of its opening. 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. Upon completion of previously announced facilities closures and consolidations, the company will operate 88 colleges in 22 states in the U.S., and 35 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 the demographics of Illinois and Chicago and the opportunity to serve student and employer needs with its education programs, its beliefs about brand recognition and lead flow for its education programs, its previously announced plans to open ten new branch campuses during fiscal 2005, and its expectations regarding the future student population of the new Merrionette Park, Illinois location. Many important factors may cause the company's actual results to differ materially from those discussed in any such forward-looking statements, including possible failure or inability to obtain regulatory consents, potential increased competition, possible changes in student perception, changes in demand for curricula offered by the company, possible changes in 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 of Corinthian Colleges, Inc., +1-714-427-3000, ext. 432; or Cecilia Wilkinson or Rosemary Moothart, both of Pondel Wilkinson Inc., +1-310-279-5970, for Corinthian Colleges, Inc.

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