Apollo Group Inc. Announces Planned Opening of University of Phoenix Campuses in Oregon and Washington.PHOENIX--(BUSINESS WIRE)--Aug. 20, 1997--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 ) Wednesday 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 (UOP (micro OPeration) The "u" is the substitute letter for the µ symbol. See microinstruction. ), received approval to operate in Oregon and Washington. UOP plans to open two new campuses located in Portland, Ore. and Seattle by October 1997 and is currently accepting applications for new enrollments. At its most recent meeting last week, 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. (NCA (Network Computing Architecture) An architecture from Oracle for developing applications within a networked computing environment. It provides a three-tier distributed environment based on CORBA that uses program components known as "cartridges. ), UOP's accrediting body, reaffirmed UOP's accreditation in accordance with the NCA Review Committee recommendations, as previously disclosed, including approval of UOP's expansion plans into these two new states. Dr. John G. Sperling, chairman and chief executive officer, commented: "We view Oregon and Washington as very attractive markets for UOP. Over the past several years, we have developed relationships with many multi-state employers who have operations in these markets and this expansion will allow their employees in the Seattle and Portland areas to take advantage of UOP's programs for working adults. "We believe, based on our experience with recent openings in Florida, Louisiana and Michigan, that there is a large demand in the U.S. for high quality, affordable higher education that addresses the needs of the working adult student. Apollo Group Inc. remains committed to the expansion of its network of campuses and learning centers and the addition of new programs and services available electronically through UOP's Online and CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment Internet Campuses." 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 enrollments of over 53,000 students. Educational programs and services are offered at more than 93 campuses and learning centers in 29 states, Puerto Rico and London, England. 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.com . -0- NOTE TO EDITORS: This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provision 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. CONTACT: Apollo Group Inc., Phoenix James W. Hoggatt, 800/990-APOL email: jwhoggat@apollogrp.edu Janess Stanko, 800/990-APOL (Investors) email: jmstanko@apollogrp.edu or Morgen-Walke Associates Inc. Donna N. Stein, 212/850-5600 Carol Lehrman, 415/296-7383 (Media) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion