Market Overview

Career Education Corporation Becomes Perdoceo Education Corporation

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New name reflects organizational commitment "to teach" and focus on student outcomes

As previously announced, Career Education Corporation (NASDAQ:CECO), a provider of postsecondary education programs, has changed its name to Perdoceo Education Corporation (NASDAQ:PRDO) effective January 1, 2020. Today the company begins trading under its new Nasdaq ticker symbol, PRDO, and CUSIP number, 71363P106.

Perdoceo in Latin means "to teach, inform, or instruct thoroughly" and reflects the company's evolution as an education company committed through its academic institutions to providing a quality education to students.

The internet address for the company's corporate website is now www.perdoceoed.com or www.prdo.com.

About Perdoceo Education Corporation

Perdoceo's academic institutions offer a quality education to a diverse student population in a variety of disciplines through online, campus-based and blended learning programs. Our two regionally accredited universities – Colorado Technical University ("CTU") and American InterContinental University ("AIU") – provide degree programs through the master's or doctoral level as well as associate and bachelor's levels. Both universities predominantly serve students online with career-focused degree programs that are designed to meet the educational needs of today's busy adults. CTU and AIU continue to show innovation in higher education, advancing new personalized learning technologies like their intellipath® adaptive learning platform. Perdoceo is committed to providing quality education that closes the gap between learners who seek to advance their careers and employers needing a qualified workforce.

A listing of university locations and web links to these institutions can be found at www.perdoceoed.com.

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