APOLLO GROUP, INC. ANNOUNCES THE OPENING OF THREE NEW LEARNING CENTERS IN CALIFORNIA.Phoenix, Arizona--(BUSINESS WIRE)--May 18, 1995--Apollo Group, Inc. (Nasdaq:APOL APOL Asia Pacific Online APOL Alternate Person on Line ) today announced before a meeting of security analysts and institutional investors held at the Company's headquarters in Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. , the opening of three new learning centers for the University of Phoenix (UOP (micro OPeration) The "u" is the substitute letter for the µ symbol. See microinstruction. ), a wholly-owned subsidiary of Apollo. The new learning centers will be opened in June through August and will be located in Ontario, Pleasanton and Pasadena, California Pasadena is a city in Los Angeles County, California, United States. As of the 2000 census, the city population was 133,936 and the 160th largest city in the United States. The California Finance Department estimates the Pasadena population to be 146,166 in 2005. , bringing the total number of California sites to 15. John Sperling John Sperling (born 1921) is a US billionaire who is credited with leading the contemporary for-profit education movement in the United States. His fortune is based on his founding of the for-profit University of Phoenix for working adults in 1976, which is now part of the publicly , Chairman and Chief Executive Officer of Apollo Group Apollo Group, Inc. NASDAQ: APOL is an S&P 500 corporation based in Phoenix, Arizona. Apollo Group, Inc., through its subsidiaries, provides higher education to working adults. , Inc., commented "The demand for quality, higher educational programs for working adults continues to grow. According to figures just released by the U.S. Department of Education National Center for Educational Statistics, there will be an estimated 6.8 million adults over the age of 24 enrolled in higher education degree programs by the year 2000." Dr. Sperling continued, "With this increasing demand for higher education and limited funding of state university systems, the working adult educational market will continue to be a very attractive one for Apollo. The Company's programs for working adults will help states, such as California, ease the pressures on their educational systems that have resulted from higher student enrollments, budget cuts and lack of physical capacity." Apollo Group, Inc., through its subsidiaries the University of Phoenix and the Institute for Professional Development, is one of the largest providers of higher education programs for working adults in the United States, with total enrollment exceeding 36,000 students. Educational programs and services are offered at over 60 campuses and learning centers in 22 states and Puerto Rico. CONTACT: APOLLO GROUP, INC. James Hoggatt Chief Financial Officer (602) 966-5394 ext. 1729 Internet Address: jwhoggat.oramail@apollogrp.edu or Donna N. Stein, APR APR See: Annual Percentage Rate Morgen-Walke Associates, Inc. (212) 850-5600 or Press Contact Jean Lombard/Miriam Adler Morgen-Walke Associates, Inc. (415) 296-7383 |
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