Corinthian Colleges Reports Record Activity in Distance Learning Initiative

Apr 12, 2001, 01:00 ET from Corinthian Colleges, Inc.

    SANTA ANA, Calif., April 12 /PRNewswire/ -- Corinthian Colleges, Inc.
 (Nasdaq: COCO) today announced record setting increases in activity in its
 distance learning initiative.  For the quarter ended March 31, 2001, activity
 in the company's distance learning courses increased approximately 62% over
 the prior quarter, and 337% over the same quarter of last year.  The company
 defines distance education "activity" as one student enrolled in one course.
 Currently, Corinthian Colleges offers 46 courses via the web to students at
 15 campuses, with plans to add six more courses and three more campuses by the
 end of the current fiscal year.
     David G. Moore, president and chief executive officer, said, "We are
 excited about the tremendous growth in our distance learning initiative and
 the broadening acceptance of our program by our valued students.  Our
 experience indicates that distance learning is an increasingly popular and
 viable form of learning and we are pleased that our students are accepting our
 distance learning offering in record setting numbers."
     Moore also said, "We intend to increase the number and types of courses
 offered through our distance learning initiative and we are on target to
 achieve our goal of offering the courses required to complete both associate
 and bachelor degrees in business via web-based learning by the end of
 June 2001.  We are preparing the application for accreditation and currently
 expect to have approval by fiscal year end.  Upon approval, we will be able to
 grant those two degrees to students who have completed the requisite courses
 through our distance learning initiative."
 
     Corinthian Colleges, Inc. is one of the largest for-profit post-secondary
 education companies in the United States and operates 55 colleges (including
 the recently opened Dearborn, Michigan campus) in 19 states, including 17 in
 California and nine in Florida.  Corinthian 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 environment.
 
     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 may include, but are
 not limited to, the Company's discussion of its plans to add additional
 distance education courses, its goal of offering complete associate and
 bachelors programs in business by the end of June 2001, and its expectation
 that it will receive accreditation for these programs by fiscal year end.
 Many important factors may cause the Company's actual results to differ
 materially from those discussed in any such forward-looking statements,
 including changes in student acceptance of distance education, a changing and
 uncertain regulatory environment regarding distance education, potential
 technical or financial difficulties that may be experienced by Corinthian's
 third party distance education service providers, 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.
 
 

SOURCE Corinthian Colleges, Inc.
    SANTA ANA, Calif., April 12 /PRNewswire/ -- Corinthian Colleges, Inc.
 (Nasdaq: COCO) today announced record setting increases in activity in its
 distance learning initiative.  For the quarter ended March 31, 2001, activity
 in the company's distance learning courses increased approximately 62% over
 the prior quarter, and 337% over the same quarter of last year.  The company
 defines distance education "activity" as one student enrolled in one course.
 Currently, Corinthian Colleges offers 46 courses via the web to students at
 15 campuses, with plans to add six more courses and three more campuses by the
 end of the current fiscal year.
     David G. Moore, president and chief executive officer, said, "We are
 excited about the tremendous growth in our distance learning initiative and
 the broadening acceptance of our program by our valued students.  Our
 experience indicates that distance learning is an increasingly popular and
 viable form of learning and we are pleased that our students are accepting our
 distance learning offering in record setting numbers."
     Moore also said, "We intend to increase the number and types of courses
 offered through our distance learning initiative and we are on target to
 achieve our goal of offering the courses required to complete both associate
 and bachelor degrees in business via web-based learning by the end of
 June 2001.  We are preparing the application for accreditation and currently
 expect to have approval by fiscal year end.  Upon approval, we will be able to
 grant those two degrees to students who have completed the requisite courses
 through our distance learning initiative."
 
     Corinthian Colleges, Inc. is one of the largest for-profit post-secondary
 education companies in the United States and operates 55 colleges (including
 the recently opened Dearborn, Michigan campus) in 19 states, including 17 in
 California and nine in Florida.  Corinthian 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 environment.
 
     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 may include, but are
 not limited to, the Company's discussion of its plans to add additional
 distance education courses, its goal of offering complete associate and
 bachelors programs in business by the end of June 2001, and its expectation
 that it will receive accreditation for these programs by fiscal year end.
 Many important factors may cause the Company's actual results to differ
 materially from those discussed in any such forward-looking statements,
 including changes in student acceptance of distance education, a changing and
 uncertain regulatory environment regarding distance education, potential
 technical or financial difficulties that may be experienced by Corinthian's
 third party distance education service providers, 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.
 
 SOURCE  Corinthian Colleges, Inc.