EVCI Announces Results of Stockholders' Meeting

EVCI Career Colleges Holding Corp. (NASDAQ: EVCI) today announced that at its Annual Meeting held yesterday, EVCI's stockholders overwhelmingly approved all six proposals: the election of three directors; the proposal to ratify the ComVest Financing; the proposal to approve an amendment to the Certificate of Incorporation to increase EVCI's authorized common stock; the proposal to give the Board the authority to determine, if and when, to implement a reverse stock split; the proposal to approve amendments to the 2004 Amended and Restated Incentive Stock Plan; and the ratification of the appointment of Goldstein Golub Kesser LLP as EVCI's auditors for 2007.

EVCI will make a further announcement regarding the reverse stock split after it receives NASDAQ Listing Qualifications Panel's hearing decision. As previously announced, EVCI participated in a hearing before the Panel on July 19, 2007, relating to EVCI's non-compliance with the NASDAQ bid price requirement and its failure to obtain stockholder approval for, and prior to, completion of the ComVest Financing.

About EVCI Career Colleges Holding Corp.

EVCI is the holding company for Technical Career Institutes, Interboro Institute and the Pennsylvania School of Business.

Founded in 1909, TCI offers two-year associate degree and certificate programs. With an emphasis on technology, TCI offers programs within three major divisions: business and new media technology, computer and electronics technology and climate control technology. TCI's main campus is on 31st Street diagonally across from Penn Station, and is supported by a nearby annex facility. EVCI acquired TCI in September 2005.

Founded in 1888, Interboro offers degree programs leading to the Associate in Occupational Studies degree and Associate in Applied Sciences degree. Its programs include accounting, business management, ophthalmic dispensing, paralegal studies, office technologies and security services and management. Interboro has a main campus in mid-town Manhattan, and an extension center in each of Flushing, New York and the Washington Heights section of Manhattan, New York. EVCI acquired Interboro in January 2000.

PSB offers two Associate in Specialized Business Degree programs and two diploma programs in information technology as well as three recently authorized business diploma programs. PSB is seeking authorization to award the Associate in Specialized Business Degree for those programs. PSB relocated to downtown Allentown, Pennsylvania in May 2005. EVCI acquired PSB in January 2005.

Contact: Joseph D. Alperin General Counsel and Vice President for Corporate Affairs EVCI Career Colleges Holding Corp. 914.623.0700