Computer Learning Centers Strengthens Senior Management Team as John L. Corse Joins Company as President & Chief Operating Officer.FAIRFAX, VA--(BUSINESS WIRE)--November 3, 1998--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 ("IT") and computer-related education and training, today announced that John L. Corse has joined the Company as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. effective November 3, 1998. Mr. Corse will assume an active role in managing CLC's 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 Canadian Learning Center operations and in overseeing the Company's regulatory and compliance activities. Mr. Corse, 56, brings more than 30 years of executive management expertise to CLC, where he has served as a Director since October 1994. Mr. Corse previously served as President of Hughes Advanced Systems, a subsidiary of Hughes Aircraft Hughes Aircraft Company was a major aerospace and defense company founded by Howard Hughes. The group was based near Ballona Creek, in Culver City, California, USA, on the Pacific Coast. Hughes Aircraft was acquired by General Motors in 1985. Company and a provider of aerospace and information systems and services to government and industry. Prior to this, he was President of Security Software America, a packaged software See software package. publisher that served government contractors A government contractor is a private company that produces goods or services under contract for the government. Often the terms of the contract specify cost plus – i.e., the contractor gets paid for its costs, plus a specified profit margin. and agencies in the administrative control Direction or exercise of authority over subordinate or other organizations in respect to administration and support, including organization of Service forces, control of resources and equipment, personnel management, unit logistics, individual and unit training, readiness, mobilization, of classified material and related security activities. Before this, Mr. Corse served for five years as President of Planning Research Corporation's Business Information Systems Group. In conjunction with his appointment, Mr. Corse has stepped down as a member of CLC's Compensation Committee. Reid R. Bechtle, Chief Executive Officer of CLC, commented, "We welcome John to CLC and are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. that he was available to assume these dual roles. The continued growth of our operations and CLC's emergence as a leading provider of IT education and training necessitated the addition of an executive with the insight and business experience that John possesses. The consolidation of various responsibilities under John via this corporate structure, which dictated that he assume the role of COO (Cell Of Origin) See mobile positioning. as well as President, has, we believe, strengthened our executive infrastructure while maintaining a lean, responsive management team." Mr. Bechtle continued, "We have benefited from John's counsel as a member of our Board for more than four years and believe that his intimate understanding of our business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and corporate culture will provide a quick and seamless transition to his new role. We feel that John's appointment, coupled with the continued fine work of the rest of our executive management team, will be a tremendous asset as we continue to expand our industry presence." Mr. Corse commented, "I am very pleased to be joining CLC's executive management team at a time when the demand for IT workers - a projected 1.3 million between 1996 and 2006 - is increasing so rapidly. We believe that CLC provides an outstanding value to its students by training more than 12,000 career-minded individuals annually for well-paying, entry-level IT career opportunities. While we are proud of our success to date, I believe that there exists a great opportunity for CLC to continue to grow. It is my goal to increase the number of students we serve while maintaining the highest educational and service standards." Computer Learning Centers provides information and computer-related education and training at 26 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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