Dr. Roueche commented, “Dr. O'Banion and I have been working together for decades to identify and prepare leaders for community colleges. We both benefitted from such preparation as Kellogg Fellows at Florida State University in the 1960s, and I am excited to have this opportunity to continue our work as partners and colleagues.”About National American University Holdings, Inc. National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’s, and master’s degree programs in health care and business-related disciplines. Accredited by The Higher Learning Commission and a member of the North Central Association of Colleges and Schools, NAU has been providing technical and professional career education since 1941. NAU opened its first campus in Rapid City, South Dakota, and has since grown to multiple locations throughout the central United States. In 1998, NAU began offering online courses. Today, NAU offers degree programs in traditional, online, and hybrid formats, which provide students increased flexibility to take courses at times and places convenient to their busy lifestyles. Forward Looking Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company's business. Statements made in this release, other than those concerning historical financial information, may be considered forward-looking statements, which speak only as of the date of this release and are based on current beliefs and expectations and involve a number of assumptions. These forward-looking statements include outlooks or expectations for earnings, revenues, expenses or other future financial or business performance, strategies or expectations, or the impact of legal or regulatory matters on business, results of operations or financial condition. Specifically, forward-looking statements may include statements relating to the future financial performance of the Company; the ability to continue to receive Title IV funds; the growth of the market for the Company’s services; expansion plans and opportunities; consolidation in the market for the Company’s services generally; and other statements preceded by, followed by or that include the words “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “target” or similar expressions. These forward-looking statements involve a number of known and unknown risks and uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by those forward-looking statements. Other factors that could cause the Company’s results to differ materially from those contained in its forward-looking statements are included under, among others, the heading “Risk Factors” in the Company’s Annual Report on Form 10-K, which was filed on August 3, 2012, and in its other filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information contained in this release.
National American University Holdings, Inc. (the “ Company”) (NASDAQ: NAUH), which through its wholly owned subsidiary operates National American University (“ NAU” or the “ University”), a regionally accredited, proprietary, multi-campus institution of higher learning, today announced that Dr. Terry O’Banion will join NAU on a full-time basis as Distinguished Professor and Chair of the Graduate Faculty, effective November 1, 2012. Dr. O’Banion will play a key role in the Company’s expansion efforts of its graduate programs, which will be led by Dr. John E. Roueche, President of the Roueche Graduate Center at NAU. Dr. O’Banion will also continue to be instrumental in strengthening partnerships between community colleges and the University in his role as Chair of NAU’s Community College Advisory Board. Dr. O’Banion served as President and CEO of the League for Innovation in the Community College (the “League”) for 23 years until 1999. Under his leadership, the League became an international organization serving over 700 colleges recognized by Change magazine in 1998 as “the most dynamic organization in the community college world.” Since 1999, Dr. O’Banion has continued to serve as the League’s President Emeritus and Senior League Fellow. He has also served as Senior Advisor of Programs in Higher Education at Walden University. As a distinguished authority on the topic of community colleges and a seasoned leader in research on teaching and learning and faculty development, Dr. O’Banion has consulted with more than 800 community colleges in the U.S. and Canada and is the author of 14 books and over 170 monographs, chapters, and articles. Ronald L. Shape, Ed.D., Chief Executive Officer of the Company, stated, “We are excited to welcome Dr. O’Banion to our graduate school leadership team and look forward to working with him on further developing NAU’s relationships with community colleges, as well as assisting in the development of graduate programming. We believe his dedication to and years of experience in teaching and research in higher education will prove invaluable to all of our initiatives.”