BALTIMORE--(BUSINESS WIRE)--June 7, 2006--Laureate Education, Inc. (NASDAQ:LAUR), the world's leading international provider of higher education, announced that its Glion Institute of Higher Education and Les Roches Swiss Hotel Association School of Hotel Management have recently received accreditation from The New England Association of Schools and Colleges Commission on Institutions of Higher Education (NEASC-CIHE).
NEASC previously accredited Glion and Les Roches under its Commission on Technical and Career Institutions (CTCI) which accredits vocational and technical institutes. Glion and Les Roches are now accredited through its Commission on Institutions of Higher Education (CIHE), the commission within NEASC that accredits higher education degree-granting institutions including colleges and universities. CIHE accreditation symbolizes an educational institution's commitment to educational excellence and adherence to rigorous standards. Only a small number of foreign higher education institutions have such accreditation from NEASC.
Douglas Becker, Chairman and Chief Executive Officer of Laureate Education stated, "CIHE accreditation represents one of the highest standards for the assessment of universities - we are proud that Glion and Les Roches are among the world's most recognized hospitality management schools. Their relentless pursuit of excellence, high academic standards and their approach of incorporating best practices is key to earning this new accreditation." In addition to accreditation by NEASC, Les Roches is endorsed by Hotellerie Suisse (Swiss Hotel Association), Switzerland's only national association for the hospitality industry.
Glion and Les Roches are members of Laureate International Universities - the world's leading network of international institutions of higher education. "Glion and Les Roches bring world-renowned curriculum and great prestige to our international network. In fact, institutions throughout the Laureate International Universities network enjoy strong brand recognition and strive to share curriculum, programs, and best practices with other Laureate institutions," added Mr. Becker.
Today, Laureate International Universities consists of 24 institutions of higher education in 15 countries, offering academic programs to nearly 226,000 students through 53 campuses and online.
Other major acknowledgements and recent developments within the Laureate International Universities network include:
- Walden University's Master of Science (M.S.) program in Nursing was recently accredited by the Commission on Collegiate Nursing Education (CCNE), a national accrediting agency recognized by the U.S. Department of Education. CCNE, as the only national accrediting agency to focus exclusively on baccalaureate and graduate education programs in nursing education, ensures the quality and integrity of higher-education degree programs preparing effective nursing professionals. This accreditation indicates that the Walden nursing program has the substance, standards and focus needed to enable its graduates to excel in a professional career environment and practice effectively. Founded in 1970, Walden University is the leading online provider of quality higher education. Walden specializes in master's and doctoral degree programs in Education, Management, Psychology, Health and Human Services, as well as master's programs in IT and Engineering and bachelor's completion programs in business.
- For the third consecutive year, Universidad del Valle de Mexico (UVM) was ranked among the 10 best private universities in Mexico by AC Nielson. Founded in 1960, UVM is one of the largest private universities in Mexico and enrolls thousands of students in over 25 undergraduate and graduate degree programs.
- Mexico's President, Vicente Fox visited Universidad del Valle de Mexico's Lomas Verdes campus to discuss the importance of higher education to the Mexican economy. President Fox was joined by the Mexican Secretary of Education and Secretary of Economy, as well as the Presidents and Rectors from over 100 private universities throughout Mexico. This marks the first time that a sitting president of Mexico has visited a UVM campus.
- At a recent graduation ceremony, Universidad Interamericana recently had the honor of conferring an honorary degree to Costa Rica's President, Dr. Oscar Arias Sanchez. The newly elected president is also a recipient of the Nobel Peace Prize. Universidad Interamericana offers undergraduate and graduate degree programs to thousands of students at campus locations in Costa Rica and Panama.
- Ecole Centrale D'Electronique (ECE), one of the leading private engineering schools in France, was ranked within the Top 10 Graduate Engineering Schools in France by Le Point Magazine. Founded in 1919, ECE is a member of the Conference des Grandes Ecoles, which is the association that represents the most prestigious engineering and business schools in France.
- Ecole Superieure du Commerce Exterieur (ESCE), a private undergraduate school located in Paris, recently received permission from the French Ministry of Education to extend its four year degree program to five years, the most elite form of undergraduate degree in France. Additionally, ESCE was recently ranked within the Top 5 International Business Schools in France by Le Point and Challenge magazines. Established in 1968, ESCE was the first school in France to specialize in international trade.
- Universidad Europea de Madrid (UEM) recently hosted Mario Vargas Llosa, perhaps the most renowned living author in the Spanish-speaking world, and conferred to him an honorary doctorate at a ceremony attended by dignitaries from Spain and Latin America. UEM opened its doors to students in 1995, and today ranks as one of the largest private universities in Spain.
About New England Association of Schools and Colleges
NEASC is a regional accreditation agency for over 200 colleges and universities in the six New England states as well as for several overseas institutions. NEASC consists of a number of different commissions including the two commissions mentioned above. The CTCI encompasses secondary and postsecondary institutions whose mission is career and technical in nature, and the CIHE encompasses higher education institutions offering bachelor and other degrees. The NEASC CIHE is recognized by the US Department of Education and by the Council on Higher Education Accreditation as being a reliable authority on the quality of institutions of higher education. US accreditation is voluntary, non governmental and self-regulatory. It serves the dual purposes of quality assurance and quality improvement.
About Laureate Education, Inc.
Laureate Education, Inc. (NASDAQ:LAUR) is focused on providing a superior university experience to nearly 226,000 students through the leading global network of accredited campus-based and online universities. Addressing the rapidly growing global demand for higher education, Laureate offers a broad range of career-oriented undergraduate and graduate programs through campus-based universities located in Latin America, Europe, and Asia. Through online universities, Laureate offers the growing population of non-traditional, working-adult students the convenience and flexibility of distance learning to pursue undergraduate, master's and doctorate degree programs in major career fields including engineering, education, business, and healthcare. For more information, please visit our website, www.laureate-inc.com.
This release includes information that could constitute forward-looking statements made pursuant to the safe harbour provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, the Company's actual results could differ materially from those described in the forward-looking statements.
The following factors might cause such a difference:
- The Company's operations can be materially affected by competition in its target markets and by overall market conditions, among other factors.
- The Company's foreign operations, in particular, are subject to political, economic, legal, regulatory and currency-related risks.
Additional information regarding these risk factors and uncertainties is detailed from time to time in the Company's filings with the Securities and Exchange Commission, including but not limited to our most recent Forms 10-K and 10-Q, available for viewing on our website. (To access this information on our website, www.laureate-inc.com, please click on "Investor Relations", "SEC Filings").
CONTACT: Laureate Education, Inc. Chris Symanoskie, 410-843-6394 SOURCE: Laureate Education, Inc.