Corinthian Continues Strong Organic Growth With Opening of New Campus In Jacksonville, Florida
The new branch is Corinthian's second FMU campus in the Jacksonville metropolitan area and its tenth FMU campus in Florida. Encompassing approximately 28,000 square feet at 805 Wells Road in Orange Park, a suburban community of Jacksonville, the new FMU-Jacksonville will offer accredited Associate in Science degrees in Business Administration, Criminal Justice and Medical Assisting; a Bachelor of Science degree in Criminal Justice; and a Bachelor of Business Administration degree. Corinthian expects to offer additional programs at the campus in the future, and the university is expected to have a student population of 400 within two years.
"Corinthian's strategic branching tied to student, market and employer demands continues to be an important part of our internal growth strategy," said David G. Moore, chairman and chief executive officer. "Our first FMU-Jacksonville campus enjoys excellent enrollment and lead flow, which supports our enthusiasm for a second campus. We are excited to offer Corinthian's high-quality education programs to an even greater number of students in the Jacksonville area and to extend the reach of a well-respected FMU degree for the benefit of both our graduates and the employers who hire them."
Corinthian has announced plans to open nine new campuses in fiscal 2004. The new FMU-Jacksonville is the fifth campus opened in fiscal 2004.
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. Corinthian operates 85 colleges and two continuing education centers in 21 states and 46 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 expectations regarding the addition of more programs at the new Jacksonville, Florida location, its expectations regarding student population at the new Jacksonville location, and its plans to open nine campuses in fiscal 2004. Many important factors may cause the company's actual results to differ materially from those discussed in any such forward-looking statements, including potential 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, 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.