SANTA ANA, Calif., July 24 /PRNewswire-FirstCall/ -- Corinthian Colleges,
Inc. (Nasdaq: COCO) has received notification that the Accrediting Bureau of
Health Education Schools (ABHES) has granted Corinthian's GMI Atlanta campus
continued accreditation through December 31, 2007. The grant of accreditation
also includes GMI Atlanta's branch campuses in Marietta and Jonesboro,
In December 2005, ABHES denied continued accreditation of GMI Atlanta and
its two branches, and the Company appealed that decision in January 2006. In
March 2006 an ABHES appeals panel remanded (returned) the decision to continue
accreditation to the ABHES Commission for further consideration.
The grant of continued accreditation signifies that the three GMI campuses
have met ABHES eligibility criteria and evaluation standards and comply with
the policies and procedures for maintaining accreditation.
In a separate notification, ABHES granted continued accreditation through
December 31, 2009 for Corinthian's Olympia Institute in Grand Rapids, Michigan
and two branch campuses in Kalamazoo, Michigan and Merrillville, Indiana.
Corinthian had previously disclosed that ABHES had placed these three
institutions under a "show cause" directive. ABHES vacated the show cause
directive because these campuses now meet required accreditation standards.
"We are gratified to receive continued accreditation for six of our
schools," said Jack D. Massimino, Corinthian's chief executive officer. "We
are working diligently to ensure that all of our campuses meet accreditation
standards, and as these decisions by ABHES demonstrate, we have made
substantial progress during the past year."
About Corinthian Colleges, Inc.
Corinthian Colleges, Inc. is one of the largest post-secondary education
companies in North America, operating 97 schools in 25 states in the U.S. and
34 schools in seven provinces in Canada. The Company's mission is to help
students prepare for careers that are in demand or advance in their chosen
career. Corinthian offers diploma programs and associate's, bachelor's, and
master's degrees in a variety of fields, including healthcare, transportation
maintenance and technology, trades, business, and criminal justice.
Anna Marie Dunlap
SVP Corporate Communications
Corinthian Colleges, Inc.
Pondel Wilkinson, Inc.
SOURCE Corinthian Colleges, Inc.
07/24/2006 16:11 EDT http://www.prnewswire.com