COCO Vita Coco Company Inc

Corinthian Colleges Plans to Open Olympia College in Chicago Metro Area - Expansion in North Aurora, Illinois Marks Fifth New Campus Announced for Fiscal 2005 - SANTA ANA, Calif., Oct. 28 /PRNewswire-FirstCall/ -- Corinthian Colleges, Inc. (NASDAQ:COCO) today announced that it has signed a lease for a new Olympia College in North Aurora, Illinois in the Chicago metropolitan area. The campus will be located at 150 South Lincolnway, Suite 100 and will encompass approximately 38,000 square feet. When opened, the North Aurora campus will be the fifth Olympia College in the greater Chicago area. It is expected to open in the fiscal 2005 third quarter ending March 31, 2005. "We began our expansion efforts into Chicago in February 2001, and I am pleased to announce plans for a new Olympia campus in the greater Chicago area," said David G. Moore, chairman and chief executive officer. "We expect to leverage our advertising expenses and strong lead flow in the greater Chicago area as we extend our reach to North Aurora. Our rapid growth in this metropolitan area is reflective of the demand for the high quality, employer driven, career-oriented allied health programs our Olympia Colleges offer." Initially, Olympia-North Aurora will offer diploma programs in medical assisting, and medical insurance billing and coding. North Aurora is the fifth campus announced for fiscal 2005. Corinthian expects the campus to have a student population of approximately 400 within two years of its opening. Corinthian also operates Olympia Colleges in downtown Chicago, Skokie and Burr Ridge, Illinois and Merrillville, Indiana, and has previously announced its plans to open an additional campus in Merrionette Park, Illinois. 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 healthcare, business, criminal justice and technology. Upon completion of previously announced facilities closures and consolidations, the company will operate 91 colleges in 23 states in the U.S. and 45 colleges (including the previously announced 10 campuses expected to close in fiscal 2005) 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 expectations regarding student population at the North Aurora, Illinois location and its expectations regarding lead flow in the greater Chicago metropolitan area. Many important factors may cause the company's actual results to differ materially from those discussed in any such forward- looking statements, including general changes in the economic climate in the U.S. and the Chicago area, difficulties or additional expenses in opening the 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; potential higher average costs to offer new curricula; the effectiveness of the company's advertising and promotional efforts; the effectiveness of the company's regulatory compliance efforts; and 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 PondelWilkinson Inc., +1-310-279-5980, for Corinthian Colleges, Inc.

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