Corinthian Schools Inc. completes acquisition of 16 career education schools from National Education Corp.of 16 National Education Corp. (NYSE NYSE See: New York Stock Exchange :NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. ) schools by Corinthian Schools Inc. has been completed effective Dec. 31, 1995, announced David G. Moore, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Corinthian, with headquarters in Santa Ana Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. . Corinthian Schools will operate the career education schools, which specialize in rigorous classroom and laboratory instruction for medical, dental and optical assistant positions. Career development skills and on-site job experience are included in the year-round eight-month courses. Several schools also offer medical office management, business and electronics training. Moore and his executive team are all former senior-level managers of NEC. With financial funding from Primus Venture Partners Inc. and Bank One Capital, Corinthian Schools purchased NEC schools in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Orange, Rosemead, Sacramento, San Bernardino San Bernardino, city, United States San Bernardino (săn bûr'nədē`nō), city (1990 pop. 164,164), seat of San Bernardino co., S Calif., at the foot of the San Bernardino Mts.; inc. 1854. , San Francisco, San Jose, Torrance and Winnetka, Calif.; Livonia and Wyoming, Mich.; New Orleans; Newport News, Va.; Brookline, Mass.; Cross Lanes, W.Va.; and San Antonio. More acquisitions are planned for 1996. "The purchase of these schools is the first step in our mission," noted Moore, "of providing our students with the education and practical skills in high demand among employers. We intend to grow in selected major metropolitan areas across the country." CONTACT: Corinthian Schools Inc., Santa Ana Paul St. Pierre, 714/251-9090 or Working Press Inc., Santa Monica, Calif. Paul Williams/Betsy Myers, 310/314-8600 |
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