Apollo Group Inc. Announces Expansion into Mexico and Completion of Department of Education Audits and Review.PHOENIX -- Apollo Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : APOL APOL Asia Pacific Online APOL Alternate Person on Line ) today announced that University of Phoenix has received approval for expansion into Mexico. In addition, we are pleased to announce that we have reached agreement with the United States Department of Education The United States Department of Education (also referred to as ED, for Education Department) is a Cabinet-level department of the United States government. Created by the Department of Education Organization Act (Public Law 96-88), it began operating in 1980. to resolve both the Office of the Inspector General Office of the Inspector General (or OIG) is a common sub-agency within cabinet-level agencies of the United States federal government and serves as auditing and investigative arm of the agency's programs focused on identifying waste, fraud and abuse. audits of Institute for Professional Development client institutions and the University of Phoenix program review. The company will hold a brief conference call to discuss this announcement at 4:30 p.m. Eastern time, 1:30 p.m. Phoenix time, on Tuesday, Sept. 7, 2004. The call may be accessed by dialing 877-292-6888 (domestic) or 706-634-1393 (international). The conference ID number is 9986750. A live webcast of this event may be accessed by visiting the company Web site at www.apollogrp.edu. A replay of the call will be available on our Web site or at 706-645-9291 (conf. ID #9986750) until Sept. 30, 2004. Apollo Group Inc. has been providing higher education programs to working adults for over 25 years. Apollo Group Inc. operates through its subsidiaries The University of Phoenix Inc., Institute for Professional Development, The College for Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against Institutes Corp., and Western International University Inc. The consolidated enrollment in its educational programs makes it the largest private institution of higher education in the United States Higher education in the United States refers to colleges and universities within the United States. Overview The American university system, like the American educational system in general, is highly decentralized because the U.S. . It offers educational programs and services at 78 campuses and 133 learning centers in 38 states, Puerto Rico and Vancouver, British Columbia. Combined degree enrollment was 239,300 students as of May 31, 2004. For more information about Apollo Group Inc. and its subsidiaries, call 800-990-APOL or visit Apollo on the company Web site at: www.apollogrp.edu. |
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