Apollo Group, Inc. subsidiary expands into New York.PHOENIX--(BUSINESS WIRE)--July 22, 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 entered into a 10-year agreement to provide program development and management services to Medaille College Medaille College is a private, coeducational, four-year college located in central Buffalo, New York. One of the fastest growing colleges in the country, Medaille’s enrollment (approximately 2,500 students in fall 2003) has increased more than 190% since 1995. , located in Buffalo, N.Y. This contract will increase the total number of IPD contracts to 18. 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 pleased with this new partnership with Medaille College to expand its current program offerings for working adult students. 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. We believe that there is a great demand for affordable higher education throughout the country and we view the Buffalo, N.Y. market as one of many attractive areas. 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 29 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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