Excellence in the Career College Market
DENVER, Oct. 5 - eCollege(R) (Nasdaq: ECLG), a leading provider of value-added information services to the post-secondary education industry, has been selected by the Accrediting Commission of Career Schools and Colleges of Technology (ACCSCT) to power ACCSCT's online training program. ACCSCT, which is recognized as an accrediting agency by the U.S. Department of Education, began training its on-site evaluation team members on accreditation practices and processes using eCollege's online delivery platform during a year-long pilot program, and now is delivering all of its online training courses through the eCollege System.
"The eCollege System provides our evaluation team members with ready access to a broad spectrum of online training materials and enables our evaluators to engage in ongoing, supplemental training opportunities, which we believe is a value-added benefit to our evaluation process," said Michale McComis, associate executive director, ACCSCT. "eCollege shares in our commitment to advancing education in the career college market, and its solution has been a significant benefit as ACCSCT has rolled out its online training initiatives."
ACCSCT's online training is designed to provide on-site evaluators with the resources they need to evaluate programs for educational quality and compliance with industry accepted standards. ACCSCT, which accredits more than 800 post-secondary schools and colleges, is responsible for assuring that member institutions and their educational programs are capable of preparing students for their chosen careers, and that the high standards of career education are being met.
"ACCSCT is at the forefront for ensuring that career college programs provide high quality opportunities for students, and we look forward to working together to support the accreditation process," said Oakleigh Thorne, chairman and CEO of eCollege. "In evolving its training program through online learning, we believe ACCSCT's evaluators not only will be better equipped to effectively assess on-campus and online programs, but also will gain greater insight into the online learning process, which will be beneficial given the increasing number of online programs offered by career colleges."
ACCSCT is a private, nonprofit, independent accrediting agency whose goal is maintaining educational quality in the career schools and colleges it accredits by striving to assure academic excellence and ethical practices. ACCSCT accredits more than 800 post-secondary schools and colleges in the United States and Puerto Rico, serving over 230,000 students. To learn more about ACCSCT and accreditation, please visit http://www.accsct.org.
eCollege (Nasdaq: ECLG) is a leading provider of value-added information services to the post-secondary and K-12 education industries. The Company's eLearning Division designs, builds and supports some of the most successful, fully online degree, certificate/diploma and professional development programs in the country. The Company's Enrollment Division, Datamark, Inc., helps institutions build new enrollments and increase student retention. Customers include publicly traded for-profit institutions, community colleges, public and private universities, school districts and state departments of education. eCollege was founded in 1996 and is headquartered in Chicago, with the eLearning Division headquartered in Denver. Datamark was founded in 1987 and is headquartered in Salt Lake City. For more information, visit http://www.eCollege.com and http://www.Datamark.com.
This news release contains statements that are not historical in nature and that may be characterized as "forward-looking statements" within the meaning of the securities laws. Examples of these forward-looking statements would include statements about the expected benefits to customers of our products or services and any other statements that are not historical facts. These statements are based on management's current expectations and are subject to a number of uncertainties and risks. Actual results may differ materially. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include, but are not limited to: the difficulty in predicting future growth due to the early stage of and rapid changes in the market for our products and services; our eLearning customers' ability to continue to build, grow and market their online programs; the difficulty in predicting changes in the marketing budgets and the mix of marketing products and services employed by customers of our Enrollment Division; substantial competition, including pricing competition, in the online education and enrollment and retentions services markets; technological developments, emerging industry standards and government regulations, and customer requirements, which continually require us to improve our software and services; a significant portion of our revenue is generated from a relatively small number of customers; our debt obligations could adversely affect our financial health and our ability to obtain financing and react to changes in our business; the possibility that we may not be able to achieve continued growth or profitability, or maintain current levels of revenue; our ability to protect our intellectual property and other proprietary rights from infringement; the impact of laws and regulations affecting education and the Internet; the ability of the Company to retain key executives at eCollege and Datamark; our lengthy sales cycle; our network infrastructure and computer systems failing; the vulnerability of our network to security risks; the possibility that we may not be able to raise additional capital on acceptable terms; Datamark's ability to develop and sustain long-term customer relationships; the cost of marketing activities, including mailing lists, materials and postal rates; and such other factors as are discussed in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the US Securities and Exchange Commission, which you are encouraged to review in connection with this release. We believe that these forward-looking statements are reasonable; however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date of this release. We are not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this release.
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