Apollo Group Inc. Reports FY99 Enrollment Results.PHOENIX--(BUSINESS WIRE)--Oct. 11, 1999-- 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 ) reported that there were 86,800 students enrolled in degree programs at Aug. 31, 1999 compared to 71,355 students enrolled in degree programs at Aug. 31, 1998 representing a 21.6 percent increase in degree enrollments. The top five geographic markets (excluding Online) for Apollo's University of Phoenix grew 18.6 percent to 39,874 degree-enrolled students at Aug. 31, 1999 compared to 33,622 degree-enrolled students at Aug. 31, 1998. The University of Phoenix's Online campus grew 59.4 percent to 10,382 degree-enrolled students at Aug. 31, 1999 compared to 6,512 degree enrolled students at Aug. 31, 1998. Dr. John G. Sperling, chairman of the board and chief executive officer, said, "We are extremely pleased with the increase in degree-enrollments at August 31, 1999. During the fourth quarter we reached a milestone in the distance education market when degree enrollments at the University of Phoenix's Online campus exceeded 10,000 students. "To better service these students, we have merged our distance education and Online campuses and centralized the campus' administrative offices in Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. ." Sperling continued, "During the fourth quarter of 1999, the University of Phoenix opened a new campus in Grand Rapids, Michigan “Grand Rapids” redirects here. For other uses, see Grand Rapids (disambiguation). Grand Rapids is a city in the U.S. state of Michigan. As of the 2000 census, the city population was 197,800. and the Institute for Professional Development entered into two new contracts with Benedictine University Benedictine University has retained close relations with the Benedictine Order. Some monks from the nearby St. Procopius Abbey,located across the campus, belong to the faculty, though the vast majority of professors at Benedictine are secular instructors. in Illinois and Gwynedd-Mercy College Gwynedd-Mercy is a member of SEPCHE, the Southeastern Pennsylvania Consortium of Higher Education, an association of eight higher-level educational institutions that "work together to promote quality and efficiency of academic programming, student access, faculty development, in Pennsylvania." Apollo Group Inc., 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., is one of the largest providers of higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. programs for working adults in the United States, with total degree-seeking enrollment of approximately 86,800 students. Educational programs and services are currently offered at 49 campuses and 80 learning centers in 35 states, Puerto Rico and Vancouver, Canada. 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. -0-
Apollo Group Inc. and Subsidiaries
Degree and Non-Degree Enrollments
Year Ended
Aug. 31,
1999 1998
University of Phoenix:
Campuses established prior to fiscal 1995 55,471 46,693
Campuses established in fiscal 1995 and after 11,312 6,556
Total University of Phoenix 66,783 53,249
Institute of Professional Development 18,257 16,025
Western International University 1,416 1,330
College for Financial Planning 344 751
Total Degree Enrollment 86,800 71,355
College for Financial Planning (non-degree) 25,799 23,046
Other (non-degree) 1,488 1,475
Total Non-Degree Enrollment 27,287 24,521
Total Enrollments (Degree and Non-Degree) 114,087 95,876
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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