WEST ORANGE, N.J., Oct. 15 /PRNewswire-FirstCall/ -- Lincoln Educational Services Corporation (NASDAQ:LINC) ("Lincoln") today announced that Scott Shaw has been promoted to Chief Administrative Officer effective November 1, 2007. Mr. Shaw will report to David F. Carney, Chairman and Chief Executive Officer.
Mr. Shaw joined the company in 2001, and since then has taken on increasingly more responsibility and most recently served as Executive Vice President. Mr. Shaw's responsibilities will now also include Compliance and Regulatory in addition to Human Resources, Legal and Real Estate while continuing to focus on Strategic Planning and Business Development. Mr. Shaw is a graduate of Duke University and holds an MBA from Wharton. With Mr. Shaw's appointment, the company will also create the Office of CEO which will include Shaun McAlmont, President & COO, Scott Shaw, CAO, and Cesar Ribeiro, SVP & CFO.
"We have an extraordinary group of young talent who represent a very bright future for the company," said David F. Carney, Chairman and Chief Executive Officer.
About Lincoln Educational Services Corporation Lincoln Educational Services Corporation is a leading and diversified for- profit provider of career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults degree and diploma programs in five principal areas of study: automotive technology, health sciences (which includes programs for licensed practical nursing, medical administrative assistants, medical assistants, dental assistants, and pharmacy technicians), skilled trades, business and information technology and hospitality services. Lincoln has provided the workforce with skilled technicians since its inception in 1946. Lincoln currently operates 34 campuses in 17 states under five brands: Lincoln College of Technology, Lincoln Technical Institute, Nashville Auto-Diesel College, Southwestern College and Euphoria Institute of Beauty Arts and Sciences. Lincoln had a combined average enrollment of approximately 16,900 students at June 30, 2007.
Statements in this press release regarding Lincoln's business which are not historical facts may be "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward- looking statements, see "Risk Factors" in Lincoln's Form 10-K for the year ended December 31, 2006. All forward-looking statements are qualified in their entirety by this cautionary statement, and Lincoln undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. DATASOURCE: Lincoln Educational Services Corporation CONTACT: Brad Edwards of Brainerd Communicators, +1-212-986-6667 Web site: http://www.lincolneducationalservices.com/
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