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EXHIBIT 99.01
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FOR IMMEDIATE RELEASE
CONTACT: XXXX X. XXXXX
CHIEF FINANCIAL OFFICER
XXXXXXX EDUCATION, INC.
(000) 000-0000
XXXXXXX EDUCATION, INC. ANNOUNCES FIRST QUARTER
COMMON STOCK CASH DIVIDEND
ARLINGTON, VA., MARCH 16, 2004 - Xxxxxxx Education, Inc. (Nasdaq: STRA) today
announced that the Company's Board of Directors declared a quarterly cash
dividend of $0.065 per common share ($0.26 annually) for the quarter ending
March 31, 2004. The dividend is payable on April 20, 2004 to shareholders of
record as of April 6, 2004.
Xxxxxxx Education, Inc. (Nasdaq: STRA) is an education services holding company
that owns Xxxxxxx University and certain other assets. Xxxxxxx'x mission is to
make higher education achievable and convenient for working adults in today's
economy. Xxxxxxx University is a proprietary institution of higher learning that
offers undergraduate and graduate degree programs in business administration,
accounting, information technology, education, and public administration to more
than 20,000 working adult students at 27 campuses in Pennsylvania, Maryland,
Washington, D.C., Virginia, North Carolina, South Carolina and Tennessee and
worldwide via the Internet through Xxxxxxx University Online. Xxxxxxx University
is committed to providing an education that prepares working adult students for
advancement in their careers and professional lives. Founded in 1892, Xxxxxxx
University is accredited by the Middle States Commission on Higher Education.
For more information on Xxxxxxx Education, Inc., visit xxx.xxxxxxxxxxxxxxxx.xxx
and for Xxxxxxx University visit xxx.xxxxxxx.xxx.
This press release contains statements that are forward looking and are made
pursuant to the "safe-harbor" provisions of the Private Securities Litigation
Reform Act of 1995 ("Reform Act"). The statements are based on the Company's
current expectations and are subject to a number of uncertainties and risks. In
connection with the Safe Harbor provisions of the Reform Act, the Company has
identified important factors that could cause the Company's actual results to
differ materially. The uncertainties and risks include the pace of growth of
student enrollment, our continued compliance with Title IV of the Higher
Education Act, and the regulations thereunder, as well as state and regional
regulatory requirements, competitive factors, risks associated with the opening
of new campuses, risks associated with the offering of new educational programs
and adapting to other changes, risks associated with the acquisition of existing
educational institutions, risks relating to the timing of regulatory approvals,
our ability to implement our growth strategy, and general economic and market
conditions. Further information about these and other relevant risks and
uncertainties may be found in the Company's annual report on Form 10-K and its
other filings with the Securities and Exchange Commission, all of which are
incorporated herein by reference and which are available from the Commission. We
undertake no obligation to update or revise forward looking statements.
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