International Education Corporation

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March 18th, 2008

Irvine, Calif. (March 18, 2008) – International Education Corporation (IEC) today announced the appointment of Fardad Fateri as its Chief Executive Officer. Fateri joins IEC with a rare and solid background in business as well as in academics. In his new role, he will be responsible for continuing the excellent standard of education provided by IEC’s subsidiaries, United Education Institute and Advanced Career Training.

Fateri plans to reach a broader range of students by increasing program offerings delivered through multiple platforms and increasing distribution channels while leveraging current facilities and improving the level of academic quality. “In our enterprise, it all comes down to student retention, graduation and employment,” Fateri said. “Colleges that focus on student outcomes and student achievement will sustain superior long-term financial results.” Most recently, Fateri served as Chief Academic Officer for Corinthian Colleges, Inc., where he led the corporation’s academic vertical for the past four years. Prior to joining Corinthian Colleges, Inc., Dr. Fateri was President of DeVry University in Southern California, leading the organization to become one of the most successful divisions of DeVry, Inc. He served the DeVry, Inc. community for 10 years.

Before his work with DeVry, he spent more than seven years at the Orange County Campus of the United States International University where he was Campus Director. “I am excited about having the opportunity to work with a very talented leadership team, a quality staff, a passionate faculty, and the fact that IEC is not yet as large as some of the other players within our space,” Fateri said. “We can be nimble and build a culture grounded in top-quality programs delivered by top-notch faculty, and we will design a culture of accountability for student outcomes.” Fateri said the proprietary education space is small compared to the traditional education sector, which allows a number of opportunities to gain market share and provide students with timely and relevant education that prepares them for careers.

Dr. Fateri earned his bachelor’s, master’s and doctoral degrees form the University of California in Irvine; California State University in Fullerton; and Alliant International University, respectively. His Doctoral degree is in Leadership and Human Behavior with a specialization in Organizational Behavior.

Dr. Fateri also attended Harvard University, where he completed the Management and Leadership in Higher Education program. Jim Mathis, the company’s outgoing CEO, was instrumental in positioning the company for the future. He will continue to support the IEC community by serving on the corporation’s Board of Directors. “For the past year, we have been actively searching for a qualified Chief Executive and finally found someone who will take IEC to the next level. We are fortunate to attract someone of Fardad’s caliber to IEC,” Mathis said.

About International Education Corporation

International Education Corporation is headquartered in Irvine, Calif. As parent company of United Education Institute and Advanced Career Training, International Education Corporation offers a wide range of educational services encompassing career training and specialized higher education training. International Education Corporation’s mission is to provide exceptional career-oriented programs that prepare students for entry-level employment in their chosen field. For more information, visit http://company.monster.com/iecglobal/.

About United Education Institute

UEI has seven campuses in California, located in El Monte, Ontario, Chula Vista, Huntington Park, San Bernardino, San Diego and Van Nuys. UEI offers career training in the following programs: Business Office Administration, Computer Systems Technician, Dental Assistant, Medical Assistant, Medical Billing & Insurance Coding, and Pharmacy Technician. Not all programs are available at all campuses. Campus tours are available for people who want to learn more about the school and its programs. For more information, visit www.uei-edu.com/.

About Advanced Career Training

ACT has three campuses in the Southeast, located in Atlanta and Morrow, Ga. and Jacksonville, Fla. ACT offers career training in the following programs: Medical Assistant, Dental Assistant, Medical Billing and Insurance Coding, Business Office Administration and Computer Systems Technician. For more information, visit www.act-edu.com/.
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