Computer Learning Centers Announces Share Repurchase Program.FAIRFAX Fairfax, city (1990 pop. 19,622), historic seat of Fairfax co., NE Va., a residential suburb of Washington, D.C.; inc. 1892, as a city 1961 (at which time it became independent and no longer included in a county). There is some light manufacturing. , Va.--(BUSINESS WIRE)--Aug. 31, 1998-- Company to Buy Back Up To One Million Shares of Common Stock Computer Learning Centers, Inc. (Nasdaq National Market:CLCX) ("CLC (The Computer Language Company Inc.) The publisher of this Encyclopedia. See About this product. "), a provider of information technology and computer-related education and training, today announced that its Board of Directors has authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: a program to repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. up to 1,000,000 shares of CLC common stock. The shares may be purchased from time to time over the next 24 months in open market transactions, depending on price and availability. At July July: see month. 31, 1998, there were approximately 17.3 million shares of CLC common stock outstanding. Reid Bechtle Bechtle AG is a German technology company listed on the TecDAX stock index. Established in 1983, the company operates from over 60 locations throughout Europe, with the headquarters in Germany and offices in Switzerland, UK, Italy, Netherlands, France, Austria, Spain and , President and Chief Executive Officer of CLC, commented, "This repurchase program reflects the Board's belief that CLC common shares represent excellent value at current price levels, as well as their continued confidence in the Company's future prospects." Computer Learning Centers provides information and computer-related education and training at 26Learning Centers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. The Company designs programs and courses to meet current information technology education needs, offering instruction focused on client/server systems and applications programming, networking administration and management, help desk operations and computer technical support. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The words "believe," "expect," "intend," "anticipate," and "project," and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
CONTACT: Computer Learning Centers, Inc., Fairfax
Charles Cosgrove, Chief Financial Officer
703/359-7702
or
CLCX Investor Relations Counsel:
The Equity Group, New York
Devin Sullivan, 212/836-9608
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