updated 3/24/2011 1:20:01 PM ET 2011-03-24T17:20:01

SANTA ANA, Calif., March 24, 2011 (GLOBE NEWSWIRE) -- Corinthian Colleges, Inc. (CCi) (Nasdaq:COCO), parent company of WyoTech, Everest Colleges, Everest Institutes and Everest Universities, today announced that it has signed a national affiliation agreement with The Pep Boys — Manny Moe & Jack (NYSE:PBY), the nation's leading automotive aftermarket service and retail chain.

Under the agreement, Pep Boys will promote awareness of its job placement opportunities to WyoTech automotive graduates. Pep Boys and Corinthian have plans to expand the recruiting relationship to Everest Universities. In addition, Pep Boys is working to partner with the WyoTech campuses to provide proceeds from auto parts and equipment sales to establish student scholarships.

"With opportunities available in automotive repair and maintenance, retail sales, store management and more, Pep Boys is an ideal employer partner for both WyoTech and Everest," said Wendy Cullen, CCi's Vice President of Employer Development.  "Pep Boys provides excellent career opportunities and is committed to promoting students' professional development.  We are proud of this alliance and the implicit recognition of the education offered at our schools."

"WyoTech and Everest have well-earned reputations for producing both professional and skilled graduates," said Toby Schafer, SPHR, Pep Boys' divisional Human Resources manager. "We look forward to a mutually rewarding relationship and building the teams at Pep Boys with talented individuals who have graduated from these institutions."

According to Cullen, similar partnerships and strategic alliances will be added to CCi's portfolio in the future. "We are well-positioned to partner on a national level. Over the past few years we have standardized our curriculum and policies and are poised to leverage our size and scope to the advantage of our students, business partners and company."

About Pep Boys

Pep Boys has more than 6,250 service bays within over 620 stores located in 35 states and Puerto Rico. Along with its full-service vehicle maintenance and repair capabilities, the Company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling (800) PEP-BOYS or by visiting www.pepboys.com.

About WyoTech

WyoTech is a division of Corinthian Colleges, Inc., one of the largest post-secondary education companies in North America. With six campuses located throughout the United States, WyoTech offers degree and diploma programs in the fields of automotive, diesel, collision/refinishing, motorcycle, and marine, as well as construction trades. In addition, WyoTech offers advanced training programs in applied service management; advanced diesel; light duty diesel; advanced automotive diagnostics; street rod and custom fabrication; motorsports chassis fabrication; high performance power trains; and trim and upholstery technology. For more information about WyoTech, go to www.wyotech.edu .

About Everest

Everest Colleges, Institutes and Universities provide career-oriented diploma and degree programs in healthcare, criminal justice, skilled trades, business, paralegal and information technology. Everest is owned by Corinthian Colleges, Inc., one of the largest post-secondary education companies in North America, and has more than 100 schools in the U.S. and Canada. Join the Everest conversation at Facebook, Twitter and YouTube. For more information, visit http://www.everest.edu .

The Corinthian Colleges, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8848

CONTACT: Ron Neal
         PondelWilkinson Inc. (For WyoTech and Everest)
         (310) 279-5980

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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