EDUCATION MANAGEMENT CORPORATION ANNOUNCES NEW ART INSTITUTE OF CALIFORNIA – INLAND EMPIRE IN SAN BERNARDINO
First Classes Set for January 2006
(PITTSBURGH – November 14, 2005) Education Management Corporation (NASDAQ: EDMC) today announced the addition of The Art Institute of California – Inland Empire to its Art Institutes system of schools.
The school will immediately begin enrolling students for a January 9, 2006 class start.
The Art Institute of California – Inland Empire, located in San Bernardino, will initially offer bachelor’s degree programs in graphic design, interactive media design, and interior design; as well as an associate’s degree program in graphic design.
“The Art Institute of California – Inland Empire will be a new destination for southern California residents to receive a quality education in a variety of arts disciplines,” says John R. McKernan, Jr., Chief Executive Officer of EDMC. “The school’s programs, led by a dedicated, skilled faculty, will help students achieve their professional aspirations while making an important impact on the communities in which they will live and work.”
The school, located at 630 East Brier Drive in San Bernardino, consists of 33,500 square feet of space, including a library, bookstore, classrooms, and computer labs.
“We are delighted to open our doors to prospective students in San Bernardino,” says Byron Chung, president of The Art Institute of California – Inland Empire. “Our aim is to develop the school as a leading provider of arts education in California’s Inland Empire region.”
The school will join five existing Art Institutes in California, with locations in San Francisco (The Art Institute of California – San Francisco); Los Angeles (The Art Institute of California – Los Angeles and California Design College); Santa Ana (The Art Institute of California – Orange County); and San Diego (The Art Institute of California – San Diego).
This institution has received temporary approval to operate from the Bureau for Private Postsecondary and Vocational Education in order to enable the Bureau to conduct a quality inspection of the institution. Bureau for Private Postsecondary and Vocational Education, 400 R Street, Suite 5000, Sacramento, CA 95814-6200, (916) 445-3427, www.bppve.ca.gov.
The Art Institutes system of more than 40 education institutions is located throughout North America, providing an important source of design, media arts, fashion and culinary professionals. The Art Institutes system of schools has provided career-oriented education programs for more than 40 years. For more information visit The Art Institutes website at www.artinstitutes.edu.
The parent company of The Art Institutes, Education Management Corporation ( www.edmc.com ), is among the largest providers of private post- secondary education in North America, based on student enrollment and revenue. Student enrollment exceeded 66,000 as of fall 2004. EDMC has 83 locations in 26 U.S. states and in Canada. EDMC education institutions offer a broad range of academic programs concentrated in the media arts, design, fashion, culinary arts, behavioral sciences, health sciences, education, information technology and business fields, culminating in the award of associate's through doctoral degrees.
This press 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 that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in Education Management Corporation’s Securities and Exchange Commission filings. Past results of EDMC are not necessarily indicative of its future results. EDMC does not undertake any obligation to update any forward-looking statements.
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