American InterContinental University Online Announces New Master's Degree in Education

Business Wire, Nov 1, 2002

CEC colleges enjoy long operating histories and offer a wide variety of master's degree, bachelor's degree, associate's degree and diploma programs. The CEC family includes American InterContinental University (six campuses), the International Academy of Design & Technology (eight campuses), the Katharine Gibbs Schools (nine campuses), Le Cordon Bleu Culinary Program North America (10 campuses), American InterContinental University Online and other well-known educational institutions in the College Division (11 campuses).

The forward-looking statements contained in this release are based upon various assumptions, and certain risks and uncertainties could cause actual results to differ materially from those stated. Factors that could cause such differences include costs and difficulties associated with opening new campuses and in integrating acquisitions, costs associated with the E-learning Division, changes in the regulatory environment and those matters disclosed in Career Education Corporation's filings with the Securities and Exchange Commission (SEC). Career Education Corporation assumes no obligation to update its forward-looking statements.

(1) American InterContinental University is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools (1866 Southern Lane, Decatur, Georgia, 30033-4097; telephone number 404-679-4501) to award Associate's, Bachelor's, and Master's degrees. This is the same accrediting body that accredits Duke, Vanderbilt, Auburn and other institutions of higher education. SACS web address is; http:www.sacsoc.org/pdf/webmemlist.pdf