Career Education Corporation Completes Acquisition of Harrington Institute of Interior Design.HOFFMAN ESTATES Hoffman Estates A village of northeast Illinois, a suburb of Chicago. Population: 49,700. , Ill.--(BUSINESS WIRE)--Jan. 5, 1999--Career Education Corporation (Nasdaq:CECO CECO Council of Engineering Companies of Oregon CECO Cost Estimate Change Order CECO Center for Economic and Community Outreach CECO CENTCOM Engineer Contingency Organization CECO Concrete Engineering Company of Omaha (Ceco Concrete Construction LLC) ) today announced it has completed its acquisition of Harrington Institute of Interior Design, located in Chicago. Terms of the transaction were not disclosed. The school, which has approximately 400 students, will continue to operate under its current name. CEC (Central Electronic Complex) The set of hardware that defines a mainframe, which includes the CPU(s), memory, channels, controllers and power supplies included in the box. Some CECs, such as IBM's Multiprise 2000 and 3000, include data storage devices as well. announced on December 29, 1998 that it had entered into an agreement to purchase Harrington Institute, the company's third acquisition last year. The company acquired the Southern California School of Culinary Arts last March and the Scottsdale Culinary Institute in July. Career Education Corporation also offers design programs at the Al Collins Graphic Design School, Tempe, Arizona; Brooks College, Long Beach, California Long Beach is a city located in southern Los Angeles County, California, USA, on the Pacific coast. It borders Orange County on its southeast edge. It is about 20 miles (30 km) south of downtown Los Angeles. ; Allentown Business School, Allentown, Pennsylvania; Brown Institute, Mendota Heights, Minnesota Mendota Heights is a city in Dakota County, Minnesota, United States. The population was 11,434 at the 2000 census. The St. Thomas Academy boys school is located here, as well as Henry Sibley High School. ; the Katharine Gibbs Schools, Connecticut, Massachusetts, New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. ; the International Academy of Merchandising & Design, Chicago and Tampa, and the International Academy of Design, Montreal and Toronto. Career Education Corporation is one of the largest providers of private, for-profit post secondary education in North America, with approximately 15,800 students enrolled. The Company currently operates 21 campuses in 13 states and two Canadian provinces. The Company's schools enjoy long operating histories and offer a wide variety of bachelor's degree, associate degree and diploma programs in career-oriented disciplines within the Company's core curricula of computer technologies, visual communications and design technologies, business studies and culinary arts. The forward-looking statements contained in the release are based upon various assumptions, and certain risks and uncertainties could cause actual results to differ materially from those stated. Factors that could cause such differences include these matters disclosed in the Company's filings with the Securities and Exchange Commission. Career Education Corporation assumes no obligation to update its forward-looking statements. |
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