Computer Learning Centers Terminates Process for Sale of the Company.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 31, 2000 Computer Learning Centers, Inc. (Nasdaq National Market: CLCX) (&uot;CLC&uot;) today announced that its Board of Directors has ended the previously announced process for the possible sale of the Company. John L. Corse, President and Chief Executive Officer of CLC (The Computer Language Company Inc.) The publisher of this Encyclopedia. See About this product. , commented, &uot;In light of CLC's current operating performance and future outlook, management and the Board of Directors has decided that shareholder value can best be maximized by focusing our internal resources on strengthening and growing the business. While we have terminated our relationship with U.S. Bancorp You can assist by [ editing it] now. Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution as it relates to this endeavor, we appreciate their efforts and maintain the highest regard for their professional abilities.&uot; The Company also announced that Ira Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , 48, has resigned from the Board of Directors to devote more attention to his duties as Managing Director of Updata Capital and Updata Venture Partners. Mr. Cohen has been a director of CLC since the formation of the Company in 1987 and has been instrumental in guiding CLC's growth and emergence as a public company in 1995. Mr. Cohen has, for the past several years, dedicated most of his time to Updata Capital, one of the largest and fastest growing investment banking firms focused on the information technology industry. With Mr. Cohen's resignation, CLC's Board of Directors stands at five members. Computer Learning Centers provides information and computer-related education and training at 28 Learning 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 Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of . 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 &uot;believe,&uot; &uot;expect,&uot; &uot;intend,&uot; &uot;anticipate,&uot; and &uot;project,&uot; 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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