The Criminal Justice Careers Guide -Corinthian to Open Everest Institute in Silver Spring, Maryland
The new Everest Institute-Silver Spring will initially offer a diploma program in medical assisting to prepare students for careers in healthcare. According to the Bureau of Labor Statistics (BLS), careers in medical assisting are projected to be among the fastest growing occupations over the 2002-2012 period. The BLS estimates in the year 2002 medical assistants held approximately 365,000 jobs in the United States, and it expects this number to increase 59% to approximately 579,000 jobs by 2012.
"We are excited to bring Corinthian's career-oriented curricula to Silver Spring and to expand our presence in the greater Washington, D.C. metro area," said Jack D. Massimino, president and chief executive officer. "We believe this geographic market continues to present strong opportunities for Corinthian to serve increasing numbers of students and employers with our high-quality education programs."
Everest Institute-Silver Spring will be Corinthian's fifth new branch campus expected to open in fiscal 2005. Previously, Corinthian announced it plans to open six to seven new branch campuses in fiscal 2005. Corinthian expects the new Everest Institute campus to have a student population of approximately 400 within two years of its opening.
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, including the quote from Jack D. Massimino, be subject to the "safe-harbor" provisions of that Act. Such statements include, but are not limited to, the company's expectations regarding the new Silver Spring, Maryland location, the company's discussion of opportunities in the medical assistant field, and the company's announced plans to open between six and seven new branch campuses during fiscal 2005. Many important factors may cause the company's actual results to differ materially from those discussed in any such forward-looking statements, including possible changes in student perception; potential changes in the demand for curricula offered by the company; possible changes in the effectiveness of the company's advertising and promotional efforts; general changes in the economic climate in the U.S.; potential increased competition; variability in the effectiveness of the company's regulatory compliance efforts; potential delays, difficulties or additional expenses in opening the Everest Institute campus and other planned branch campuses; possible failure or inability to obtain regulatory consents for other branch campuses; 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.