Sylvan International Universities Outlines Measures To Globalize University Network.
SANTIAGO, Chile--(BUSINESS WIRE)--Jan. 18, 2001
Agreements, Joint Programs and Application of "Sylvan Signature"
Promise Multiple Benefits
Moving quickly to add value to its growing worldwide network of private universities, Sylvan Learning Systems, Inc. (NASDAQ:SLVN) today announced a variety of joint academic and student and faculty exchange programs among its three "platform" universities.
Sylvan also formally outlined its distinctive post-secondary educational model, the "Sylvan Signature," which it plans to apply to all current and future institutions in the network.
In a meeting here, the rectors of Universidad Europea de Madrid (UEM), Universidad del Valle de Mexico (UVM) and Universidad de las Americas (UDLA) signed memoranda of understanding calling for broad cooperation among the three institutions.
The agreements cover a range of topics, including mutual recognition of student credits earned at other universities in the network, internship and student exchange programs, a faculty exchange initiative, and pledges to conduct joint research projects.
"Today three preeminent international private universities joined together to become charter members of a global university network that will bring tangible benefits to each institution and its students," said Raph Appadoo, President and CEO of the company's subsidiary, Sylvan International Universities (SIU) during today's meeting. "Not only do these agreements promise a richer learning experience for our current students, and more opportunities for our faculty and staff, they also further distinguish our products and services, and should give additional impetus to already strong marketing and student enrollment programs at each institution."
In addition to announcing these joint programs, SIU discussed its plans to apply the "Sylvan Signature" to its current and future universities. This unique approach to post-secondary education combines relevant, quality content and the application of state-of-the-art technology to deliver a rich and rewarding educational experience to students, and a competitive advantage to SIU network institutions.
The "Sylvan Signature" includes the following characteristics:
-- English Language Proficiency - The integration of English as a second language into SIU programs recognizes the broad worldwide acceptance of English as the common language of business, technology and many other fields. -- Use of Information Technology - SIU network members will ensure students understand and be savvy users of information technology, and will use that same technology as a tool to deliver courses locally and internationally. -- Career-Oriented, Internationally Recognized Curricula -- SIU network institutions will meet international standards, and offer degree and internship programs that will position them to be universities of choice for global employers seeking the most highly qualified professionals.
"Our expanding network of private universities includes some of the best-regarded institutions in Europe and Latin America," said Doug Becker, Chairman and CEO of Sylvan Learning Systems. "The application of the `Sylvan Signature' will further distinguish their offerings, enhance their reputations, and give them - and indeed Sylvan - a distinct competitive advantage in the global, high-growth sector of private education."
Sylvan International Universities now operates a network of four fully accredited and well-branded post-secondary institutions with a total of nearly 55,000 students, including three, dubbed "platform" universities, which offer a range of academic degree programs. SIU was launched in 1999 when Sylvan acquired a 54% interest in UEM, a leading private university in Spain with an enrollment of about 7,000 students.
A second SIU "platform" university is UVM, one of Mexico's leading private universities with about 32,000 full time and 8,000 continuing education students, in which Sylvan announced it had acquired an 80% interest late last year. UDLA, host of this week's conference, is a 5,500-student private university offering 20 degree-granting programs in a variety of professional fields at its campus in Santiago. Last month, Sylvan announced it had acquired 80% of the parent company of UDLA.
In addition to these platform universities, Sylvan has also invested in a "center of excellence," the Les Roches Hotel Management School. SIU announced it had acquired a 100% interest in the school late last year. This 1,000-student facility offers a highly specialized and world-renowned career-oriented curriculum focused on the hospitality industry and hotel management. Sylvan has plans to offer the Les Roches curriculum to students at UEM, UVM, and UDLA in the future.
About Sylvan International Universities:
Sylvan International Universities is pioneering the largest and most ambitious network of post-secondary education facilities worldwide. Aside from the significant supply-demand imbalance in most post-secondary education markets, the venture expects to benefit from worldwide trends in educational deregulation and the needs for career-oriented education in an ever-growing knowledge-based economy.
About Sylvan Learning Systems, Inc.
Sylvan Learning Systems, Inc. (www.sylvan.net) is the leading provider of educational services to families, schools and industry. The Sylvan Learning Centers and Sylvan Education Solutions divisions provide personalized instruction services to K-12 students through direct consumer relationships and under contract to school systems.
Sylvan provides courses to adult students throughout the world in the areas of English language, teacher training and accredited university offerings through the Wall Street Institute, Canter and Sylvan International Universities subsidiaries. Sylvan Ventures, Sylvan's new e-learning investment vehicle, focuses on bringing emerging Internet technology solutions to the education and training marketplace.
Through its affiliate, Caliber Learning Network, Inc. (NASDAQ:CLBR), Sylvan also has the ability to distribute world-class adult professional education and training programs.
This release may include information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties.
Political, economic, currency, tax, regulatory, technological, competitive and other factors could cause actual results to differ materially from those anticipated in the forward-looking statements. Additional information regarding these risk factors and uncertainties is detailed from time to time in the company's filings with the Security and Exchange Commission, including but not limited to our most recent Form 10-Q, available for viewing on our Web site. (To access this information, please click on "Investor Relations," "SEC Filings").