Business Services Industry

Computer Learning Centers Receives Title IV Funding Approval for Paramus, New Jersey Learning Center

Business Wire, Sept 23, 1998

FAIRFAX, Va.--(BUSINESS WIRE)--Sept. 23, 1998--Computer Learning Centers, Inc. (Nasdaq National Market: CLCX) ("CLC"), a provider of information technology and computer-related education and training, today announced that the Department of Education ("DOE") has granted Title IV eligibility to its Paramus, NJ Learning Center effective September 22, 1998. The DOE granted Title IV eligibility to the Paramus Learning Center, which was acquired by CLC in February 1998, after approving the Learning Center's change of ownership. Under Title IV, qualified students attending the Paramus Learning Center are eligible to participate in various federally funded financial aid programs.

Reid Bechtle, President and Chief Executive Officer of CLC, commented, "We are pleased to announce the approval in the change of ownership by the DOE at our Paramus Learning Center. This is the fifth Learning Center to receive Title IV eligibility in the past three months. Each of our 23 Learning Centers in the United States now participate in Title IV funding programs."

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. 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.

COPYRIGHT 1998 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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