LAKEWOOD, Colo., Jan. 27, 2004 (PRIMEZONE) -- College Partnership, Inc., (OTCBB:CGPA), a leading provider of college planning and services, today announced that it expects revenues quarter ending January 31, 2004 to be lower than revenues reported for the same period last year. The Company expects to report losses in the second quarter of fiscal year 2004 versus a $501,103 profit for same period last year. Revenues for the six-month period ending January 31, 2004 are expected to be higher than the same period last year.
Mr. Douglas Rother, Chief Executive Officer of College Partnership, Inc., commenting on the results, stated: "While we are pleased with continued revenue growth, we are disappointed with continued operating losses primarily caused by higher marketing and selling costs associated with our expansion efforts. The Company has initiated a number of programs designed to drive sales at substantially lower selling and marketing costs and are specifically tailored to improve operations."
About College Partnership, Inc.
College Partnership, Inc. is a full-service college and career planning and preparation company, offering students and their families' integrated resources and services to guide them through the college preparation and financial aid process. College Partnership Inc.'s suite of products and services integrates career planning, college major/field of study selection, college selection, college entrance testing and extensive automated searches for merit awards and financial aid packages. The Company assists the student and the family with study skills, tutoring and mentoring. College Partnership, Inc. also assists the student with all aspects of the student loan process, from application to placement and the Company will offer guidance to the student for vocational education, junior or community college and graduate school.
College Partnership Inc.'s products consist of printed materials, videocassettes and test preparation materials, college major/field of study and career assessment software, and databases accessible through CD-ROM and via the Internet. With the combined strengths of offering the identification of financial aid resources available, consulting, college targeting, scholastic planning and coaching tools, College Partnership, Inc. is able to provide superior educational resources that help families to reduce college costs, save time, decrease stress and ensure students the highest probability of not only choosing the right school, but gaining the ability to attend that school both academically and financially.
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This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results, specifically in the areas of future sales growth and profitability. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.