Apollo Group, Inc. subsidiary announces extension of educational contracts.PHOENIX--(BUSINESS WIRE)--July 29, 1996--Apollo Group, Inc. (Nasdaq:APOL APOL Asia Pacific Online APOL Alternate Person on Line ) today announced that its wholly-owned subsidiary, the Institute for Professional Development (IPD IPD Institut für Programmstrukturen und Datenorganisation IPD Investment Property Databank (UK) IPD Integrated Product Development IPD Intellectual Property Department IPD Invasive Pneumococcal Disease IPD Implicit Price Deflator ), has extended its contracts with Averett College in Virginia and Baker University in Kansas for an additional five years. Since the beginning of these contracts in 1988, there have been over 8,800 working adult students enrolled in the IPD-assisted programs at these two institutions. Currently there are over 12,000 students that are enrolled in IPD-assisted programs at 18 institutions of higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Dr. John Dr. John (also Dr. John Creaux) is the stage name of Malcolm John Rebennack Jr. (born November 21, 1940), a colorful pianist, singer, and songwriter, whose music spans, and often combines, blues, boogie woogie, and rock and roll. Sperling, 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, We are very pleased with the partnerships that IPD has developed with these colleges and universities. These long-term relationships have made it possible for tens of thousands of working adult students to earn their undergraduate and graduate degrees while working full time. We believe these contract extensions signify the success that IPD has had in providing high quality services to these institutions of higher education. Since 1973, IPD has assisted colleges and universities in the design, development, implementation and continuing administration of higher education programs designed specifically for working adults. Apollo Group, Inc., through its subsidiaries the University of Phoenix, the Institute for Professional Development and Western International University, is one of the largest providers of higher education programs for working adults in the United States, with total student enrollment exceeding 44,000 students. Educational programs and services are offered at over 80 campuses and learning centers in 28 states, Puerto Rico and London, England. CONTACT: Apollo Group, Inc. James W. Hoggatt VP-Finance/CFO (602) 966-5394 ext. 1729 email: jwhoggat.oramail@apollogrp.edu or Donna N. Stein, APR APR See: Annual Percentage Rate Morgen-Walke Associates, Inc. (212) 850-5600 or Press Contact: Miriam Adler Morgen-Walke Associates, Inc. (415) 296-7383 |
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