Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements are made based on the current expectations and beliefs of ITT/ESI's management concerning future developments and their potential effect on ITT/ESI. ITT/ESI cannot assure you that future developments affecting it will be those anticipated by its management. These forward-looking statements involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: changes in federal and state governmental laws and regulations with respect to education and accreditation standards, or the interpretation or enforcement of those laws and regulations, including, but not limited to, the level of government funding for, and ITT/ESI's eligibility to participate in, student financial aid programs utilized by ITT/ESI's students; business conditions and growth in the postsecondary education industry and in the general economy; ITT/ESI's failure to comply with the extensive education laws and regulations and accreditation standards that it is subject to; effects of any change in ownership of ITT/ESI resulting in a change in control of ITT/ESI, including, but not limited to, the consequences of such changes on the accreditation and federal and state regulation of its campuses; ITT/ESI's ability to implement its growth strategies; ITT/ESI's failure to maintain or renew required federal or state authorizations or accreditations of its campuses or programs of study; receptivity of students and employers to ITT/ESI's existing program offerings and new curricula; loss of access by ITT/ESI's students to lenders for education loans; ITT/ESI's ability to collect internally funded financing from its students; ITT/ESI's exposure under its guarantees related to private student loan programs; ITT/ESI's ability to successfully defend litigation and other claims brought against it; and other risks and uncertainties detailed from time to time in ITT/ESI's filings with the U.S. Securities and Exchange Commission. ITT/ESI undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future developments or otherwise.SOURCE ITT Educational Services, Inc.