CHARLES TOWN, W. Va.--(BUSINESS WIRE)--May. 14, 2012--
American Public Education, Inc. (NASDAQ: APEI) – parent company of
online learning provider American
Public University System (APUS), which operates through American
Military University (AMU) and American
Public University (APU) – announces that its Board of Directors has
authorized a program to repurchase up to $20 million worth of shares of
the Company's common stock. Subject to market conditions, applicable
legal requirements and other factors, the repurchases may be made in
open market transactions or privately negotiated transactions. The
authorization does not obligate the Company to acquire any shares, and
purchases may be commenced or suspended at any time based on market
conditions and other factors that the Company deems appropriate. As of
March 31, 2012 there were approximately 18.2 million diluted shares
outstanding of American Public Education common stock.
American Public Education, Inc.
American Public Education, Inc. (NASDAQ: APEI) is an online provider of
higher education focused primarily on serving the military and public
service communities. American
Public University System (APUS), wholly owned by APEI, operates
through American
Military University (AMU) and American
Public University (APU). APUS serves more than 119,000 adult
learners worldwide and offers 87 degree programs in fields ranging from
homeland security, military studies, intelligence, and criminal justice
to technology, business administration, public health, and liberal arts.
Nationally recognized for its best practices in online higher education,
APUS provides an affordable education through classes taught by
experienced faculty who are committed to the academic achievement of
their students.
American Public University System is accredited by The Higher Learning
Commission and is a member of the North Central Association of Colleges
and Schools (www.ncahlc.org).
For more information about APUS graduation rates, median debt of
students who completed programs, and other important information, visit www.apus.edu/disclosure.
Forward Looking Statements
Statements made in this press release regarding American Public
Education, Inc., or its subsidiaries, that are not historical facts are
forward-looking statements based on current expectations, assumptions,
estimates and projections about American Public Education, Inc. and the
industry. These forward-looking statements are subject to risks and
uncertainties that could cause actual future events or results to differ
materially from such statements. Forward-looking statements can be
identified by words such as "anticipate", "believe", "could",
"estimate", "expect", "intend", "may", "should", "will" and "would".
These forward-looking statements include, without limitation, statements
regarding expected growth, expected revenues and expected earnings.
Actual results could differ materially from those expressed or implied
by these forward-looking statements as a result of various factors,
including the various risks described in the "Risk Factors" section and
elsewhere in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2011, Form 10-Q for the quarter ended March 31, 2012, and
other filings with the SEC. The Company undertakes no obligation to
update publicly any forward-looking statements for any reason, even if
new information becomes available or other events occur in the future.
Source: American Public Education, Inc.
American Public Education, Inc.
Harry T. Wilkins, CPA
Executive
Vice President and Chief Financial Officer
304-724-3722
or
Christopher
L. Symanoskie
Associate Vice President, Investor Relations
703-334-3880