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10/19/2012 | Press release
distributed by noodls on 10/19/2012 17:30
Rapid City, South Dakota, October 19, 2012, - 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."
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."
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.
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
National American University Holdings, Inc. Page 2
October 19, 2012
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.
Contact Information:
National American University Holdings, Inc.
Dr. Ronald Shape
605-721-5220 rshape@national.edu
Investor Relations Counsel The Equity Group Inc. Carolyne
Yu
212-836-9610 cyu@equityny.com
Adam Prior
212-836-9606 aprior@equityny.com