Extends Lockup Period through May 19, 2008
CHARLES TOWN, W.Va.--(BUSINESS WIRE)--April 25, 2008--American
Public Education, Inc. (NASDAQ: APEI) - parent company of online
learning provider American Public University System, which operates
through American Military University and American Public University -
plans to release first quarter 2008 results prior to the opening of
U.S. financial markets on May 2, 2008.
A live webcast of its first quarter 2008 conference call will be
broadcast at 8:30 a.m. Eastern time on Friday, May 2, 2008. This call
will be open to listeners who log in through the Company's investor
relations website, www.AmericanPublicEducation.com. A replay of the
live webcast will also be available starting approximately one hour
after the conclusion of the live conference call. The replay will be
archived and available to listeners for one year.
In connection with its initial public offering completed in
November 2007, American Public Education and its executive officers,
directors and certain stockholders agreed not to sell shares
(aggregating a total of approximately 7.8 million shares), with
certain exceptions, until the end of a lockup period ending May 6,
2008. However, as provided by the lockup agreements, the issuance of
the Company's earnings will extend the lockup period. As a result, the
shares subject to lockup agreements will become freely tradable in the
public market beginning May 20, 2008, subject to certain extension as
described in the prospectus for the initial public offering.
About American Public Education, Inc.
American Public Education, Inc. (NASDAQ: APEI) is a leading
provider of online higher education focused primarily on serving the
military and public service communities. American Public University
System (APUS), wholly owned by APEI, comprises two universities -
American Military University (AMU) and American Public University
(APU). Regionally and nationally accredited, APUS serves over 30,000
students who live and work in all 50 states and more than 130
countries; and offers 57 degree programs and 48 certificate programs
in fields ranging from homeland security, military studies,
intelligence, and criminal justice to technology, business
administration, public health, and liberal arts.
Forward Looking Statements
With the exception of historical information, the statements set
forth above include forward-looking statements that involve risk and
uncertainties. All forward-looking statements included in this
document are based upon information available to the Company as of the
date hereof, and the Company assumes no obligation to update any such
forward looking statements. Some of the factors that could cause
actual results to differ materially from those in the forward looking
statements are discussed in the Company's filings with the United
States Securities and Exchange Commission.
CONTACT: American Public Education, Inc.
Chris Symanoskie, 703-334-3880
Director, Investor Relations
SOURCE: American Public Education, Inc.