Brower Piven Encourages Investors Who Have Losses in Excess of $500,000 From Investment in Career Education Corporation

STEVENSON, MD, Jan 20 (MARKET WIRE) --
Brower Piven, A Professional Corporation announces that a class action
lawsuit has been commenced in the United States District Court for the
Northern District of Illinois on behalf of purchasers of the common stock
of Career Education Corporation ("Career Education" or the "Company")
(NASDAQ: CECO) during the period between January 1, 2009 and November 1,
2011, inclusive (the "Class Period").

If you have suffered a net loss for all transactions in Career Education
Corporation common stock during the Class Period, you may obtain
additional information about this lawsuit and your ability to become a
lead plaintiff by contacting Brower Piven at www.browerpiven.com, by
email at hoffman@browerpiven.com, by calling 410/415-6616, or at Brower
Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson,
Maryland 21153. Attorneys at Brower Piven have combined experience
litigating securities and class action cases of over 60 years.

No class has yet been certified in the above action. Members of the Class
will be represented by the lead plaintiff and counsel chosen by the lead
plaintiff. If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff no later than March 13,
2012 and be selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether to
accept a settlement and how much of a settlement to accept for the Class
in the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in the Company during the Class
Period. You are not required to have sold your shares to seek damages or
to serve as a Lead Plaintiff.

The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the Company's failure to disclose
during the Class Period that CECO was materially overstating its
retention rates and employment, or "placement" rates following graduation
and reported same in violation of the Company's accreditation status and
Title IV funding requirements. According to the complaint, after, on May
17, 2011, CECO announced that it had received a subpoena from the
Attorney General of the State of New York (the "NYAG") requesting
documents pertaining to student employment outcomes and placement rates
of graduates in connection with the NYAG's investigation into whether the
Company and certain of its schools complied with certain New York state
consumer protection, securities, finance and other laws, after, on May
24, 2011, the Company confirmed the NYAG's investigation and disclosed
the existence of the Subpoena in a Form 8-K filed with the SEC, and
after, on November 1, 2011, the Company released preliminary results of
an investigation showing that many of CECO's schools had been
artificially inflating placement rates reported to accreditation
agencies, the value of CECO shares declined significantly.

If you choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other counsel of
your choice. You need take no action at this time to be a member of the
class.

CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
Stevenson, Maryland
410/415-6616
hoffman@browerpiven.com

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