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    Computer Learning Centers Inc.
    list rank

    From the April 28, 1997 Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 64,025 38.9
    Net Income 5,601 202.1
    Rank Last Year: 87

    Description:
    Computer Learning Centers provides information technology and computer education and training at 14 centers to 6,425 students. The company offers a variety of degrees and certificate programs.

    Business Resume:
    • Contact Info --
      11350 Random Hills Rd.
      Fairfax, Va. 22030
      703-359-9333
    • Main Business --
      Technology training
    • Founded --
      1960
    • Chairperson --
      Harry H. Gaines
    • President --
      Reid R. Bechtle (CEO)
    • Employees --
      500
    • D.C.-Area Employees --
      150
    Developments:
    Computer Learning Centers was one of the area's hottest stock performers last year, closing Friday at $24.75, up from about $5 in January 1996. The company attributed its increase in profit—from $1.9 million—to growing enrollment and the popularity of its longer-term programs, some of which award associate degrees. Enrollment was up 32 percent over the previous year.

    Computer Learning Centers raised cash for expansion with a stock offering in October, selling 1.1 million shares at $25.75 a share.

    It also has started a program of specialized courses geared to working adults called the Advantec Institute.

    The company said it will be able to resume participation this year in two federal loan programs covering students in its Chicago facility. The company's Chicago Learning Center has had high default rates on federally financed student loans in the past, making it ineligible since September for some federal loan programs.

    © Copyright 1997 The Washington Post

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