Computer Learning Centers Appoints Mark Nasser Chief Financial Officer.Business Editors 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)--January 18, 2000 Computer Learning Centers, Inc. (Nasdaq National Market: CLCX) ("CLC (The Computer Language Company Inc.) The publisher of this Encyclopedia. See About this product. ") today announced the appointment of Mark Nasser Nas·ser , Gamal Abdel 1918-1970. Egyptian army officer and politician who served as prime minister (1954-1956) and president (1956-1958) of Egypt and as president of the United Arab Republic (1958-1970). to the position of Vice President and Chief Financial Officer. He succeeds Charles Charles, archduke of Austria Charles, 1771–1847, archduke of Austria; brother of Holy Roman Emperor Francis II. Despite his epilepsy, he was the ablest Austrian commander in the French Revolutionary and Napoleonic wars; however, he was handicapped by Cosgrove People whose family name is or was Cosgrove include:
Mr. Nasser, 35, had served as Controller of CLC since 1992. Prior to this, he was Controller of ESI (Edge Side Includes) A markup language for Web pages that enables elements of a Web page to be dynamically assembled in servers distributed throughout the Internet. Engineering Services, Inc., a commercial subsidiary of Planning Research Corporation ("PRC"), now PRC/Litton, Inc. Before that, he served in various and progressively challenging financial management capacities in PRC's $500 million Government Services Division. Mr. Nasser is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . Reid Bechtle, Chief Executive Officer of CLC, stated, "Since joining CLC nearly eight years ago, Mark has assumed increasingly higher levels of financial responsibility and has become a valued member of our senior management team. He has been the architect of many of CLC's accounting policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental . The Board of Directors and I are confident that he has the capabilities and experience necessary to help lead CLC into the evolving education industry of the future. Moreover, because of his familiarity with CLC and his grasp of the complexities of our business and industry, we expect that Mark will make a seamless transition to his new responsibilities." Mr. Nasser commented, "I am excited that I am assuming this new role at CLC. Clearly, we have faced many challenges these past two years. While several of these issues have been resolved and others are in the resolution process, certain challenges still remain. With the help of an experienced senior management team and a dedicated group of employees and instructors, I look forward to the opportunity to build upon CLC's existing brand equity and expand its presence in a vibrant and growing industry." Mr. Bechtle continued, "All of us at CLC appreciate what Chuck Cosgrove has done for the Company since joining us in 1992. He has guided us through two public offerings, managed our growth from 8 Learning Centers in 1995 to 28 campuses 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, and added stability and leadership during the turbulent times CLC experienced these past two years. Importantly, he leaves in place a solid financial support team. We are fortunate to retain Chuck's experience and counsel in his role as a consultant." Computer Learning Centers provides information and computer-related education and training at 28 Learning Centers in the United States 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. |
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