Apollo Group Inc. Announces Expansion into Wisconsin.Business Editors PHOENIX--(BUSINESS WIRE)--Dec. 7, 2000 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. (Nasdaq:APOL APOL Asia Pacific Online APOL Alternate Person on Line ) Thursday announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , the University of Phoenix, has received state approval to offer postsecondary education in Wisconsin. University of Phoenix also received approval from their accrediting body, the North Central Association of Colleges and Schools The North Central Association of Colleges and Schools (NCA) is one of six regional accreditation organizations recognized by the United States Department of Education and Council for Higher Education Accreditation. and anticipates their first location to be in the metropolitan Milwaukee area. Dr. John G. Sperling, chairman and chief executive officer commented, "We are very pleased with our continued expansion throughout the United States. The addition of Wisconsin brings the total number of states that University of Phoenix has approval to operate in to 19. The state of Wisconsin is a very attractive market for the University of Phoenix and will allow us to continue to meet the increasing need for quality, affordable higher education designed for the working adult student." 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., the 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., Western International University Inc. and Apollo Learning Group 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 54 campuses and 96 learning centers in 35 states, Puerto Rico and Vancouver, British Columbia. Combined degree enrollment was 100,900 students as of Aug. 31, 2000. For more information about Apollo Group Inc. and its subsidiaries, call 800/990-APOL or visit Apollo on the World Wide Web at http://www.apollogrp.edu. This press release includes statements which may constitute forward-looking statements made pursuant to the save harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. This information may involve risk and uncertainties that could cause actual results to differ materially from the forward-looking statements. |
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