Lincoln Educational Services Participating at Investor Conferences; Company to Highlight Recent Operational Success and Performance
Lincoln Educational Services Corporation (Nasdaq: LINC) announced key presentations at two investor conferences during the week of November 16, 2020. CEO Scott Shaw and CFO Brian Meyers will discuss the company's recent performance, including a 15% increase in student starts during Q3 2020, marking two consecutive quarters of double-digit growth. The presentations will take place at the Investor Summit Group's Virtual Fall Summit on November 17 and the Sidoti Virtual Microcap Conference on November 19. Investors can access live streams and archived presentations through the company's website.
- 15% increase in student starts in Q3 2020.
- Second consecutive quarter of double-digit growth.
- None.
WEST ORANGE, N.J., Nov. 12, 2020 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC), a leading provider of specialized technical training, including automotive technology, the skilled trades, healthcare, IT, culinary, and cosmetology, today announced that Scott Shaw, President and Chief Executive Officer and Brian Meyers, Chief Financial Officer, will be providing an overview of the Company, discussing recent progress and highlighting the 2020 third quarter operational performance at two investor conferences the week of November 16.
- Investor Summit Group’s Virtual Fall Summit: In addition to the Company’s formal presentation on Tuesday, November 17th at 9:00am ET, the Company will be hosting one-on-one meetings on Monday, November 16th and Tuesday, November 17th. Investors are encouraged to contact their representative to request meeting times with the management team. The live presentation at the Investor Summit Group’s conference can be accessed at: https://www.webcaster4.com/Webcast/Page/2038/35028. An archived replay of the presentation may be accessed through the Company's website, www.lincolntech.edu, via the 'Investor Relations' section, under 'Webcasts/Presentations'.
- Sidoti Virtual Microcap Conference: The Company will deliver a formal presentation on Thursday, November 19th from 10:45 – 11:15am ET in Estate 3. The Company will also be hosting one-on-one meetings on Thursday, November 19th. Investors are encouraged to contact their representative to request meeting times with the management team. The live presentation being delivered at the Sidoti conference can be accessed at: https://sidoti.zoom.us/webinar/register/WN_QpokvFNARkeMQrOCmwjw1A.
“We recently reported that our third quarter student starts increased more than 15 percent and achieved our second consecutive quarter of double-digit student start growth, demonstrating yet again the strength of the Lincoln story even during a tumultuous time in our country’s history,” commented Mr. Shaw. “We believe the Lincoln story resonates with investors seeking a near and long-term investment opportunity and we are looking forward to sharing our growth drivers at these conferences.”
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ABOUT LINCOLN EDUCATIONAL SERVICES CORPORATION
Lincoln Educational Services Corporation is a provider of diversified career-oriented post-secondary education and helping to provide solutions to America’s skills gap. Lincoln offers recent high school graduates and working adults degree and diploma programs. The Company operates under three reportable segments: Transportation and Skilled Trades, Healthcare and Other Professions and Transitional. Lincoln has provided the nation’s workforce with skilled technicians since its inception in 1946. For more information, go to www.lincolntech.edu.
SAFE HARBOR
Statements in this press release and in oral statements made from time to time by representatives of Lincoln Educational Services Corporation regarding Lincoln’s business that are not historical facts may be “forward-looking statements” as that term is defined in the federal securities law. The words “may,” “will,” “expect,” “believe,” “anticipate,” “project,” “plan,” “intend,” “estimate,” and “continue,” and their opposites and similar expressions are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Generally, these statements relate to business plans or strategies, projected or anticipated benefits from acquisitions or dispositions to be made by the Company or projections involving anticipated revenues, earnings or other aspects of the Company’s operating results. The Company cautions you that these statements concern current expectations about the Company’s future performance or events and are subject to a number of uncertainties, risks and other influences many of which are beyond the Company’s control, that may influence the accuracy of the statements and the projects upon which the statements are based. The events described in forward-looking statements may not occur at all. Factors which may affect the Company’s results include, but are not limited to, the risks and uncertainties discussed in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any one or more of these uncertainties, risks and other influences could materially affect the Company’s results of operations and financial condition and whether forward-looking statements made by the Company ultimately prove to be accurate and, as such, the Company’s actual results, performance and achievements could materially differ from those expressed or implied in these forward-looking statements. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to, our failure to comply with the extensive regulatory framework applicable to our industry or our failure to obtain timely regulatory approvals in connection with acquisitions or a change of control of our Company; our success in updating and expanding the content of existing programs and developing new programs for our students in a cost-effective manner or on a timely basis; risks associated with changes in applicable federal laws and regulations; uncertainties regarding our ability to comply with federal laws and regulations, such as the 90/10 rule and prescribed cohort default rates; risks associated with the opening of new campuses; risks associated with integration of acquired schools; industry competition; our ability to execute our growth strategies; conditions and trends in our industry; the COVID-19 pandemic and its impact on our business and the U.S. and global economics; general economic conditions; and other factors discussed in the “Risk Factors” section of our Annual Reports and Quarterly Reports filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and Lincoln undertakes no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future events or otherwise after the date hereof.
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