Corinthian Colleges Discloses SEC Informal Inquiry
21 Septembre 2004 - 1:45AM
PR Newswire (US)
Corinthian Colleges Discloses SEC Informal Inquiry SANTA ANA,
Calif., Sept. 20 /PRNewswire-FirstCall/ -- Corinthian Colleges,
Inc. (NASDAQ:COCO) announced today that the Securities and Exchange
Commission (SEC) is conducting an informal inquiry regarding the
company. The SEC informed the company of the inquiry on September
16, 2004. Based on correspondence received from the SEC, the
company believes the inquiry concerns Corinthian's projections,
financial performance and communications with securities analysts
and investors during the fiscal year ended June 30, 2004, including
interim periods, and for the quarter ending September 30, 2004, as
well as the U.S. Department of Education program review at the San
Jose, California campus of Bryman College. The SEC has requested
the company maintain certain documents and data in its possession
regarding those matters. The company intends to fully cooperate
with the SEC. About Corinthian Colleges, Inc. 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 health care, business, criminal
justice and technology. Corinthian operates 91 colleges in 23
states in the U.S., and 45 colleges (including 10 campuses
scheduled to close in fiscal 2005) and 15 corporate training
centers in seven Canadian provinces. 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 PondelWilkinson Inc., +1-310-279-5980,
for Corinthian Colleges, Inc.
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