CORRECTING AND REPLACING EVCI Issues Guidance for 2004 and Schedules 2003 Year End Conference Call.

Business Editors/Education Writers

CORRECTION...by EVCI Career Colleges, Incorporated

YONKERS, N.Y.--(BUSINESS WIRE)--March 8, 2004

In BW5484 issued March 8, 2004: Second graph, first sentence should read: Dr. John J. McGrath, CEO and President, said he anticipates EVCI achieving an annual average revenue growth of 35% during the year ending December 31, 2004 (sted Dr. John J. McGrath, CEO and President, said he anticipates EVCI achieving an annual average earnings growth of 35% during the year ending December 31, 2004.).

The corrected release reads:

EVCI ISSUES GUIDANCE FOR 2004 AND SCHEDULES 2003 YEAR END CONFERENCE CALL

EVCI Career Colleges, Incorporated (NASDAQ:EVCI) today issued preliminary guidance for the calendar year 2004 for revenues of $27 million and earnings per share of $0.50.

Dr. John J. McGrath, CEO and President, said he anticipates EVCI achieving an annual average revenue growth of 35% during the year ending December 31, 2004. This revenue and earnings guidance is based on continued organic growth in enrollments at existing Interboro Institute college sites.

The Company expects to discuss its 10-KSB filing and earnings estimates in a conference call for investors scheduled for Tuesday, March 9, 2004 at 11 a.m. Investors interested in joining the call should dial 973-935-2121 and ask for the EVCI Year End Earnings Conference Call. A replay of the call will be available for one week beginning March 9, 2004 at 2 p.m. and lasting until March 16, 2004 at 11:59 p.m. To access the replay, dial 973-341-3080 and enter the digital pin #4585251.

The preliminary guidance for 2004 revenue and earnings in this press release reflects management's current views with respect to future events and is subject to certain assumptions, risks, and uncertainties. These include: EVCI's enrollments may not increase sufficiently; problems with regulators could adversely affect Interboro's existing sites; Interboro may not have or be able to increase sufficiently its capacity to support enrollment growth; Interboro's expenses may be materially higher than anticipated; and other specific risk factors described in EVCI's form 10-KSB for its year ended December 31, 2003. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated by such preliminary guidance.