Aristotle Corporation Announces Agreement With ‘Quinnipiac University Online’ To Offer Courses for Health Care Professionals
The Aristotle Corporation (Nasdaq: ARTL – news), a leader in medical and computer-based training products, today announced an agreement with “Quinnipiac University Online” to offer continuing education courses for health care professionals. The classes, which will provide Continuing Medical Education (CME) credits, will be offered through a separate company now being formed and owned jointly by Aristotle and Quinnipiac’s online affiliate, “Quinnipiac University Online.”
“We believe that our computer-based training expertise combined with Quinnipiac’s distinguished health care faculty will create a powerful company that can obtain a significant share of the growing online training market,”said John J. Crawford, chairman and CEO of Aristotle. “With this partnership, our Safe Passage International subsidiary can blend its proven computer training techniques with Quinnipiac’s sophisticated health care content to present a convenient on-line solution that allows busy health care professionals to meet their continuing education needs.”
Richard Ferguson, Quinnipiac’s vice president and chief information and technology officer, said, “Our university has clearly identified a need among its allied health care graduates for an innovative online solution to fulfill their CME requirements. Our faculty’s impressive knowledge base in conjunction with the expertise of medical professionals will be made available through computer-based CME courses over the Internet to provide our alumni, as well as hundreds of thousands of other allied health care professionals, with the opportunity to receive quality training through an interactive program.”
The first two courses under development are expected to be available this summer and will be provided to Physician Assistants, who total approximately 38,000 in the United States. Future courses are being considered for Nurse Practitioners, who number 70,000 nationally, and Respiratory Therapists, who number 120,000 nationwide.
The Aristotle Corporation (Nasdaq: ARTL – news), founded in 1986 and headquartered in New Haven, Conn., is a holding company consisting of two subsidiaries. Safe Passage International, Inc. (www.safe-passage.com) develops and distributes computer-based training products to government, industry and academic clients, including web-based continuing education. Simulaids, Inc., (www.simulaids.com) designs, manufactures and markets health and medical education teaching aids, such as manikins and simulation kits, used for training in CPR, emergency rescue and patient care by institutions such as fire departments and medical schools.
About Quinnipiac University
Quinnipiac University, founded in 1929, is a private, nonsectarian, coeducational institution located in Hamden, Conn., just 90 minutes north of New York City and two hours from Boston. The university enrolls nearly 4,500 full-time undergraduate and 2,000 graduate students in more than 50 undergraduate and 15 graduate programs of study in Business, Health Sciences, Law, Liberal Arts, Education and Communications. Quinnipiac consistently ranks among the top northern regional universities in U.S. News and World Report’s America’s Best Colleges. For more information, visit www.quinnipiac.edu.
Safe Harbor Statement Under the Private Securities Litigation Reform Act
To the extent that any of the statements contained in this release are forward-looking, such statements are based on current expectations that involve a number of uncertainties and risks. Aristotle cautions investors that there can be no assurance that actual results or business conditions will not differ materially from those projected or suggested in such forward-looking statements as a result of various factors, including, but not limited to, the following: (i) the ability of Aristotle to obtain financing and additional capital to fund its business strategy on acceptable terms, if at all; (ii) the ability of Aristotle on a timely basis to find, prudently negotiate and consummate one or more additional acquisitions; (iii) the ability of Aristotle to retain and take advantage of its net operating tax loss carryforward position; (iv) Aristotle’s ability to manage Simulaids, Safe Passage and any other acquired or to be acquired companies; and (v) general economic conditions. As a result, the Company’s future development efforts involve a high degree of risk. For further information, please see the Company’s filings with the Securities and Exchange Commission, including its Forms 10-K and 10-Q.