SOURCE: EVCI Career Colleges Holding Corp.

May 02, 2006 17:08 ET

EVCI Career Colleges Responds to Inquiries Regarding the Resignation of Its CFO

YONKERS, NY -- (MARKET WIRE) -- May 2, 2006 -- EVCI Career Colleges Holding Corp. (NASDAQ: EVCI) disclosed yesterday in a Form 8-K that Joseph Looney is resigning as its Chief Financial Officer effective May 31, 2006 unless the effective date is extended. Until then, he will continue to perform all of his duties as EVCI's CFO.

Mr. Looney stated, "I am leaving EVCI to pursue an exciting opportunity with a public company listed on the New York Stock Exchange that has a market capitalization exceeding $1.5 billion. This company is located much closer to my home and is engaged in manufacturing and distribution, activities that are in line with my accounting experiences before I joined EVCI."

Dr. McGrath, EVCI's Chief Executive Officer and President, commented: "We wish Joe well and thank him for his contribution to EVCI. If a replacement has not joined EVCI by the effective date of Mr. Looney's resignation, Richard Goldenberg, our former CFO and currently the CFO of Interboro Institute, has agreed to resume his duties as EVCI's CFO while we continue our recruiting efforts."

Contact Information

  • Contact:

    EVCI Career Colleges Holding Corp.
    Dr. John J. McGrath
    CEO and President