unaccredited

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For more information about educational accreditation, visit the Council for Higher Education Accreditation Web site at <http://www.
Recognition by the Department of Education is the nationally accepted gold standard for some 80 accrediting agencies, and achievement of recognition would demonstrate that the JRCERT "has what it takes" to administer quality educational accreditation.
Factors that may affect future results: include (i) the effect of, and our ability to comply with, state and federal government regulations and educational accreditation standards, or the interpretation or application thereof; (ii) our ability to assess and meet the educational needs and demands of the Company's students and their employers; (iii) the effect of competitive pressures from other educational institutions; (iv) the effect of economic conditions in the postsecondary education industry and in the economy generally; (v) the role of the Department of Education's, Congress' and the public's perception of for-profit education as well as other factors identified in our filings with the Securities and Exchange Commission.

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