Career Education Corporation Signs Letter of Intent to Acquire Briarcliffe College.HOFFMAN ESTATES Hoffman Estates A village of northeast Illinois, a suburb of Chicago. Population: 49,700. , Ill.--(BUSINESS WIRE)--March 1, 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 signed a letter of intent to acquire Briarcliffe College Briarcliffe College consists of a pair of for-profit career colleges in Bethpage and Patchogue on Long Island, New York. They offer Associate's or Bachelor's degree programs in a variety of areas. . Briarcliffe College has campuses in Bethpage and Patchogue, New York Patchogue ('pach-og, 'pach-äg) is a village in Suffolk County, New York, United States. The population was 11,919 at the 2000 census. The village is named after the Patchogue Indians, who once inhabited the area. and student enrollment of approximately 1,400 students. Briarcliffe is accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. by the Middle States Association of Colleges and Schools The Middle States Association of Colleges and Schools is a voluntary, peer-based, non-profit association dedicated to educational excellence and improvement through peer evaluation and accreditation. and offers diploma, associate degree and/or bachelor's degree programs in business, telecommunications, information technology, visual communications graphic design technologies and other fields. Terms of the letter of intent were not disclosed. Completion of the acquisition is subject to a number of conditions, including regulatory approval. Career Education Corporation is one of the largest providers of private, for-profit post secondary education in North America, with approximately 15,900 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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