American InterContinental University Announces Plan to Teach-Out Programs at Los...

American InterContinental University Announces Plan to Teach-Out Programs at Los Angeles Campus

Students to Graduate as Scheduled Support Services to Continue
ATLANTA--(Business Wire)--
American InterContinental University (AIU) announced today plans
to "teach-out" programs at its Los Angeles campus. The campus will
employ a gradual teach-out process, allowing current students the
opportunity to complete their programs. The campus will no longer
enroll new students.

In December, 2007, American InterContinental University announced
that the University had been removed from probation by its accreditor,
the Commission on Colleges of the Southern Association of Colleges and
Schools (SACS). The Special Committee of the Commission on Colleges of
SACS had visited several AIU campuses in October 2007, among them the
AIU Los Angeles campus, and had informed AIU officials that its final
report would contain no recommendations for further corrective action.

Nonetheless, said Dr. George Miller, CEO of American
InterContinental University, "the impact of a two-year probation,
coupled with the current market for AIU's programs in Los Angeles, is
such that the student population at the campus has decreased
significantly, and likely will not reach the sustainable level
necessary to support the addition of new programs and necessary
resources."

During the teach-out period, students will have the opportunity to
complete their programs at AIU Online, through a local educational
institution or "teach-out" partner, or if neither of those options are
appropriate, on campus at AIU Los Angeles. Student services, including
career services and financial aid, and access to student records, will
be made available on campus while students are present. Upon campus
closure, career services will be available to serve all alumni through
AIU's main campus in the Atlanta area, as well as being available
online. Students and alumni will be updated of the location of student
records as appropriate.

"We are committed to fully supporting our students throughout this
process," said Greg Washington, President of AIU Los Angeles. "We are
deeply grateful for the support of our students, faculty, staff and
the community. Our campus will not close until we have ensured that
each current student has the opportunity to complete his or her
program either on campus, online, or through a teach-out partner."

About American InterContinental University

American InterContinental University (AIU), established in Europe
in 1970, awards Associate, Bachelor's, and Master's degrees in a
variety of disciplines. The AIU network includes seven campuses: AIU
Buckhead (Atlanta, GA); AIU Dunwoody (GA); AIU South Florida (Weston,
FL); AIU Los Angeles (CA), AIU Houston (TX), AIU London (England); and
AIU Online (based in Illinois). For additional information, please
visit www.aiuniv.edu. AIU is a member of the Career Education
Corporation (NASDAQ:CECO) network of universities, colleges and
schools.

American InterContinental University
Lynne Baker
847-851-7006
or
Michael Foley
847-851-7093

Copyright Business Wire 2008