COCO Vita Coco Company Inc

Corinthian Colleges Holds 2004 Annual Meeting; Reiterates Previous Guidance for Second Fiscal Quarter SANTA ANA, Calif., Nov. 18 /PRNewswire-FirstCall/ -- At today's Annual Meeting of Stockholders of Corinthian Colleges, Inc. (NASDAQ:COCO), the company re-elected three members to its Board of Directors and ratified the appointment of its independent auditors. At the meeting, Corinthian's stockholders re-elected David G. Moore, Jack D. Massimino and Hank Adler for three-year terms expiring at the Annual Meeting of Stockholders in 2007. Ernst & Young LLP was also ratified as Corinthian's independent auditors for the fiscal year ending June 30, 2005. Additionally, the company reiterated that it expects earnings per diluted common share for the second quarter of fiscal 2005, ending on December 31, 2004, to be between $0.18 and $0.21. David G. Moore, 66, chairman of the board since 2001, is one of the founders of Corinthian and has served as a member of the board of directors since the company's inception in July 1995. Immediately prior to forming the company, he was president of a subsidiary of National Education Corporation. Moore also served as president of DeVry Institute of Technology in southern California, where he developed DeVry's West Coast growth strategy, and was president of Mott Community College in Flint, Michigan from 1984 to 1992. From 1960 to 1980, he served a distinguished career in the U.S. Army, retiring at the rank of Colonel. Jack D. Massimino, 55, newly appointed chief executive officer of Corinthian, has been a member of Corinthian's board of directors since the company's initial public offering in February 1999. He has served as the chair of the audit committee and a member of the compensation committee of the board. He resigned from both committees immediately prior to being selected as the company's new chief executive officer. Previously, from 1995 through late 1997, Massimino was president and chief executive officer of Talbert Medical Management Corporation, a publicly traded physician practice management company. Prior to his association with Talbert, Massimino was executive vice president and chief operations officer of FHP International Corporation, a multi-state, publicly traded HMO, which he joined in 1988. Hank Adler, 58, was first elected to Corinthian's board of directors in August 2004 and is also a member of the board's audit committee. He is currently an assistant professor of accounting at Chapman University. Adler, who is active in Orange County community affairs, retired from a career of more than 30 years at Deloitte & Touche, LLP in 2003, where he had been a partner specializing in tax accounting. 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. 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 discussion of its expectations for earning per diluted common share for the 2005 second fiscal quarter. 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 Canada, potential difficulties in integrating and operating acquired campuses, 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, potential higher average costs to offer new curricula, the company's effectiveness in its regulatory compliance efforts, the effectiveness of the company's advertising and promotional efforts, 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: David G. Moore, Chairman of Corinthian Colleges, Inc., +1-714-427-3000, ext. 216; or Cecilia Wilkinson or Rosemary Moothart, both of PondelWilkinson Inc., +1-310-279-5980, for Corinthian Colleges, Inc.

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