Apollo Group Inc. Announces State Approval in Ohio and Missouri.Business Editors PHOENIX--(BUSINESS WIRE)--July 31, 2000 Apollo Group Inc. (Nasdaq:APOL APOL Asia Pacific Online APOL Alternate Person on Line ) Monday announced that its wholly-owned subsidiary, the University of Phoenix (UOP (micro OPeration) The "u" is the substitute letter for the µ symbol. See microinstruction. ), has received state approval to offer postsecondary education in Ohio and Missouri. UOP has also received approval from our 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. , to operate in Ohio, Missouri, and Massachusetts. We will be opening new campus locations in the following areas: Cleveland, St. Louis and Boston. We anticipate enrolling students at these new campus locations during the first six months of fiscal 2001. Dr. John G. Sperling, chairman and chief executive officer commented, "Apollo continues to see a high demand from working adult consumers for its educational programs and services. The approval of these new locations expands University of Phoenix's reach into a total of 18 states, Puerto Rico, and British Columbia. "We continue to be committed to the expansion of our campuses and learning centers and our program offerings to address the increasing market needs 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 52 campuses and 92 learning centers in 35 states, Puerto Rico, and Vancouver, British Columbia. Combined degree enrollment was 94,255 students as of May 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 safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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. |
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