Corinthian Colleges Opens New NIT Campus in Detroit, Michigan
"The new Detroit campus represents our ongoing commitment to provide high quality education that meets the needs of both career-oriented students and prospective employers," said David G. Moore, chairman and chief executive officer. "We believe the demand for Corinthian's allied health and technical curricula remains strong in Detroit, and we expect the new NIT campus will benefit from the name recognition and success we have achieved with our other NIT campuses in the region."
The new NIT Detroit campus will offer diploma programs in allied health. Medical assisting will be the initial program offering. The college intends to introduce additional programs at a later date. The campus is expected to have a student population of approximately 400 within two years.
NIT Detroit expands Corinthian's presence in Michigan to five campuses. Other NIT Detroit area campuses include Dearborn and Southfield, Michigan. Corinthian also operates Olympia Career Training Institutes in Grand Rapids and Kalamazoo, Michigan.
Corinthian has announced plans to open between six and eight new branch campuses in fiscal 2004. NIT Detroit is the third 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 83 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 student population at the Detroit, Michigan location and its plans to open between six and eight new branch campuses during 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 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.