Kansas City, SD, United States

National American University

www.national.edu/
Kansas City, SD, United States

National American University is a for-profit university owned by National American University Holdings, Inc., a publicly traded company . Headquartered in Rapid City, South Dakota, NAU operates multiple locations in the United States and an online division. It is accredited by the Higher Learning Commission. Wikipedia.

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RAPID CITY, S.D., March 20, 2017 (GLOBE NEWSWIRE) -- National American University Holdings, Inc. (the “Company”) (NASDAQ:NAUH), which through its wholly owned subsidiary operates National American University, a regionally accredited, proprietary, multi-campus institution of higher learning, today announced that it intends to release financial results for its fiscal 2017 third quarter and nine months ended February 28, 2017, after the closing of the stock market on Wednesday, April 5, 2017. The Company will then discuss those results in a conference call on Thursday, April 6, 2017, at 11:00 a.m. ET. Accompanying Slide Presentation and Webcast The Company will also have an accompanying slide presentation available in PDF format at the “Investor Relations” section of the NAU website at www.national.edu. The presentation will be made available 30 minutes prior to the conference call.  In addition, the call will be simultaneously webcast over the Internet via the “Investor Relations” section of the NAU website or by clicking on the conference call link: http://national.equisolvewebcast.com/q3-2017. The webcast will be archived and accessible for approximately 30 days.  About National American University Holdings, Inc. National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’s, master’s, and doctoral degree programs in technical and professional disciplines. Accredited by the Higher Learning Commission, NAU has been providing technical and professional career education since 1941. NAU opened its first campus in Rapid City, South Dakota, and has since grown to multiple locations throughout the central United States. In 1998, NAU began offering online courses. Today, NAU offers degree programs in traditional, online, and hybrid formats, which provide students increased flexibility to take courses at times and places convenient to their busy lifestyles.


Company to host conference call on August 3, 2017, at 11:00 a.m. ET RAPID CITY, S.D., Aug. 02, 2017 (GLOBE NEWSWIRE) -- National American University Holdings, Inc. (the “Company”) (NASDAQ:NAUH), which through its wholly owned subsidiary operates National American University (“NAU” or the “University”), a regionally accredited, proprietary, multi-campus institution of higher learning, today reported unaudited financial results for its fiscal 2017 fourth quarter and audited financial results for the year ended May 31, 2017. Management Commentary Ronald L. Shape, Ed.D., President and Chief Executive Officer of the Company, stated, “During FY 2017, we were encouraged to see enrollment trends start to turn around as we achieved consecutive quarter-over-quarter enrollment growth through the first three quarters of the year, the first time this has happened since FY 2012. Spring credit hour enrollment surpassed both summer and fall enrollment for the first time in four years. Credit hours enrolled were essentially flat quarter over quarter and in fact surpassed the estimate we had provided during our last earnings call. We were also able to achieve an improved 90/10 rate of 82.6% in FY 2017, a significant reduction from 86.9% in FY 2016, which will allow us to shift some of our focus from attracting continuing education students to those that may wish to pursue their long-term education goals with NAU.” Dr. Shape continued, “With the introduction of the NAU Tuition Advantage plan during this most recent term, we were pleased to see many students take advantage by enrolling for more courses at a lower per-credit hour price point, which had a significantly positive impact on our top line. We expect to see an increasing number of students look to benefit from this new pricing structure going forward and anticipate this trend will help boost our financial results in the coming fiscal year. In June, we were pleased to launch the College of Military Studies to allow us to better serve our military student population by addressing their particular set of needs. We believe providing this type of specialized support system will help them more quickly achieve their educational goals. In this regard, we recently announced plans to acquire the assets of Henley-Putnam University (‘H-PU’), which has been dedicated to providing education programs focused on strategic security, intelligence and counter-terrorism since 2001. We look forward to integrating H-PU’s academic programs into NAU and are pleased to be expanding our academic options into these high demand subject areas. During FY 2017, more campuses across our geographic footprint began to produce organic year-over-year enrollment growth. We believe this was partially a function of being located in markets in which other schools have closed, as well as our refocused marketing efforts and more assertive student retention initiatives. We began working with former students of Colorado Heights University and Career Point College, which both closed their doors in 2017, to provide them the opportunity to continue their education with NAU. It is our goal to provide a seamless transition for these students, and we have worked to make the prior learning assessment and credit transfer process as easy and straightforward as possible. We continue to monitor our industry for circumstances where we can leverage NAU’s strong regulatory and financial position to ensure students across our geographies have the opportunity to continue their education and achieve their goals.” Dr. Shape concluded, “We continued to assess our operations during FY 2017, looking for ways to better align our expenses with revenue and enrollment expectations while maintaining our commitment to our non-negotiables of academic quality and student support. In this regard, we consolidated three campus operations, which only affected students attending online courses and have made sure these changes have not impacted the level of service and support they require. We also consolidated management oversight of four campus operations whose geographic proximity allow us to maintain the level of student support while reducing staff expense. As a result of these types of cost-cutting initiatives, we were able to reduce SG&A expenses by nearly 15% in FY 2017 and will remain cognizant of our cost structure as we enter FY 2018. We believe doing so will only put us in a better position to execute on our growth strategy as we continue to navigate the changes facing the overall industry.” Total NAU student enrollment for the spring 2017 term decreased 18.1% to 6,703 students from 8,185 during the prior spring term. Excluding continuing education headcount, enrollment decreased 9.4% year over year. Students enrolled in 61,772 credit hours compared to 66,062 credit hours during the prior spring term. The current average age of NAU’s students continues to be in the mid-30s, with those seeking undergraduate degrees remaining the highest portion of NAU’s student population. The following is a summary of student enrollment at May 31, 2017, and May 31, 2016, by degree level and by instructional delivery method: The Company, through its wholly owned subsidiary, operates in two business segments: academics, which consists of NAU’s undergraduate, graduate, and doctoral education programs and contributes the primary portion of the Company’s revenue; and ownership in and development of multiple apartments and condominium complexes from which it derives sales and rental income. The real estate operations generated approximately 1.3% of the Company’s revenue for the quarter ended May 31, 2017. The Board of Directors declared a cash dividend in the amount of $0.045 per share on all shares of the Company’s common stock outstanding and of record as of the close of business on June 30, 2017, that was paid on July 7, 2017. Management will discuss these results in a conference call (with accompanying presentation) on Thursday, August 3, 2017, at 11:00 a.m. ET. The Company will also have an accompanying slide presentation available in PDF format at the “Investor Relations” section of the NAU website at http://investors.national.edu. The presentation will be made available 30 minutes prior to the conference call.  In addition, the call will be simultaneously webcast over the Internet via the “Investor Relations” section of the NAU website or by clicking on the conference call link: http://national.equisolvewebcast.com/q4-2017. National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’s, master’s, and doctoral degree programs in technical and professional disciplines. Accredited by the Higher Learning Commission, NAU has been providing technical and professional career education since 1941. NAU opened its first campus in Rapid City, South Dakota, and has since grown to multiple locations throughout the United States. In 1998, NAU began offering online courses. Today, NAU offers degree programs in traditional, online, and hybrid formats, which provide students increased flexibility to take courses at times and places convenient to their busy lifestyles. This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company's business. Statements made in this release, other than those concerning historical financial information, may be considered forward-looking statements, which speak only as of the date of this release and are based on current beliefs and expectations and involve a number of assumptions. These forward-looking statements include outlooks or expectations for earnings, revenue, expenses or other future financial or business performance, strategies or expectations, or the impact of legal or regulatory matters on business, results of operations or financial condition. Specifically, forward-looking statements may include statements relating to the future financial performance of the Company; the ability to continue to receive Title IV funds; the growth of the market for the Company’s services; expansion plans and opportunities; consolidation in the market for the Company’s services generally; and other statements preceded by, followed by or that include the words “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “target” or similar expressions. These forward-looking statements involve a number of known and unknown risks and uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by those forward-looking statements. Other factors that could cause the Company’s results to differ materially from those contained in its forward-looking statements are included under, among others, the heading “Risk Factors” in the Company’s Annual Report on Form 10-K, which the Company expects to file on August 4, 2017, and in its other filings with the Securities and Exchange Commission.  The Company assumes no obligation to update the information contained in this release. The following table provides a reconciliation of net loss attributable to the Company to EBITDA/LBITDA: EBITDA/LBITDA consists of income attributable to the Company, less income from non-controlling interest, plus loss from non-controlling interest, minus interest income, plus interest expense (which is not related to any debt but to the accounting required for the capital lease), plus income taxes, plus depreciation and amortization. The Company uses EBITDA/LBITDA as a measure of operating performance. However, EBITDA/LBITDA is not a recognized measurement under U.S. generally accepted accounting principles, or GAAP, and when analyzing its operating performance, investors should use EBITDA/LBITDA in addition to, and not as an alternative for, income as determined in accordance with GAAP. Because not all companies use identical calculations, the Company’s presentation of EBITDA/LBITDA may not be comparable to similarly titled measures of other companies and is therefore limited as a comparative measure. Furthermore, as an analytical tool, EBITDA/LBITDA has additional limitations, including that (a) it is not intended to be a measure of free cash flow, as it does not consider certain cash requirements such as tax payments; (b) it does not reflect changes in, or cash requirements for, its working capital needs; and (c) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized often will have to be replaced in the future, and EBITDA/LBITDA does not reflect any cash requirements for such replacements, or future requirements for capital expenditures or contractual commitments. To compensate for these limitations, the Company evaluates its profitability by considering the economic effect of the excluded expense items independently as well as in connection with its analysis of cash flows from operations and through the use of other financial measures. The Company believes EBITDA/LBITDA is useful to an investor in evaluating its operating performance because it is widely used to measure a company’s operating performance without regard to certain non-cash expenses (such as depreciation and amortization) and expenses that are not reflective of its core operating results over time. The Company believes EBITDA/LBITDA presents a meaningful measure of corporate performance exclusive of its capital structure, the method by which assets were acquired and non-cash charges, and provides us with additional useful information to measure its performance on a consistent basis, particularly with respect to changes in performance from period to period.


RAPID CITY, S.D., June 01, 2017 (GLOBE NEWSWIRE) -- National American University Holdings, Inc. (the “Company”) (NASDAQ:NAUH), which through its wholly owned subsidiary operates National American University (“NAU” or the “University”), a regionally accredited, proprietary, multi-campus institution of higher learning, today announced the launch of the University’s College of Military Studies. NAU has proudly served military students since its founding in 1941. Building upon the University’s commitment to exceptional student service, the College of Military Studies brings military students and NAU’s general academic programming together to allow NAU to better serve their specific academic and support needs. Ronald L. Shape, Ed.D., President and Chief Executive Officer of the Company, stated, “With the launch of the College of Military Studies, we are pleased to expand our dedication to our military student population who face a different set of challenges from our traditional students. Military service is complex, self-sacrificing and demanding. Service members and their families are faced with extended deployments, temporary duty assignments and frequent permanent change of station moves, all while trying to maintain a stable household and obtain an education during their free time. Given these constraints, a traditional education oftentimes is not a viable option for service members. Staff at the College of Military Studies understand and recognize all the complexities and demands placed on service members and their families, as the majority of them are veterans who have served themselves. Our mission is to help military students fully understand their options during the admissions process and to offer a complete support system as they pursue their educational goals in an experience that is specifically designed for their lifestyle.” About National American University Holdings, Inc. National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’s, master’s, and doctoral degree programs in technical and professional disciplines. Accredited by the Higher Learning Commission, NAU has been providing technical and professional career education since 1941. NAU opened its first campus in Rapid City, South Dakota, and has since grown to multiple locations throughout the central United States. In 1998, NAU began offering online courses. Today, NAU offers degree programs in traditional, online, and hybrid formats, which provide students increased flexibility to take courses at times and places convenient to their busy lifestyles.


RAPID CITY, S.D., June 01, 2017 (GLOBE NEWSWIRE) -- National American University Holdings, Inc. (the “Company”) (NASDAQ:NAUH), which through its wholly owned subsidiary operates National American University (“NAU” or the “University”), a regionally accredited, proprietary, multi-campus institution of higher learning, today announced the launch of the University’s College of Military Studies. NAU has proudly served military students since its founding in 1941. Building upon the University’s commitment to exceptional student service, the College of Military Studies brings military students and NAU’s general academic programming together to allow NAU to better serve their specific academic and support needs. Ronald L. Shape, Ed.D., President and Chief Executive Officer of the Company, stated, “With the launch of the College of Military Studies, we are pleased to expand our dedication to our military student population who face a different set of challenges from our traditional students. Military service is complex, self-sacrificing and demanding. Service members and their families are faced with extended deployments, temporary duty assignments and frequent permanent change of station moves, all while trying to maintain a stable household and obtain an education during their free time. Given these constraints, a traditional education oftentimes is not a viable option for service members. Staff at the College of Military Studies understand and recognize all the complexities and demands placed on service members and their families, as the majority of them are veterans who have served themselves. Our mission is to help military students fully understand their options during the admissions process and to offer a complete support system as they pursue their educational goals in an experience that is specifically designed for their lifestyle.” About National American University Holdings, Inc. National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’s, master’s, and doctoral degree programs in technical and professional disciplines. Accredited by the Higher Learning Commission, NAU has been providing technical and professional career education since 1941. NAU opened its first campus in Rapid City, South Dakota, and has since grown to multiple locations throughout the central United States. In 1998, NAU began offering online courses. Today, NAU offers degree programs in traditional, online, and hybrid formats, which provide students increased flexibility to take courses at times and places convenient to their busy lifestyles.


RAPID CITY, S.D., June 01, 2017 (GLOBE NEWSWIRE) -- National American University Holdings, Inc. (the “Company”) (NASDAQ:NAUH), which through its wholly owned subsidiary operates National American University (“NAU” or the “University”), a regionally accredited, proprietary, multi-campus institution of higher learning, today announced the launch of the University’s College of Military Studies. NAU has proudly served military students since its founding in 1941. Building upon the University’s commitment to exceptional student service, the College of Military Studies brings military students and NAU’s general academic programming together to allow NAU to better serve their specific academic and support needs. Ronald L. Shape, Ed.D., President and Chief Executive Officer of the Company, stated, “With the launch of the College of Military Studies, we are pleased to expand our dedication to our military student population who face a different set of challenges from our traditional students. Military service is complex, self-sacrificing and demanding. Service members and their families are faced with extended deployments, temporary duty assignments and frequent permanent change of station moves, all while trying to maintain a stable household and obtain an education during their free time. Given these constraints, a traditional education oftentimes is not a viable option for service members. Staff at the College of Military Studies understand and recognize all the complexities and demands placed on service members and their families, as the majority of them are veterans who have served themselves. Our mission is to help military students fully understand their options during the admissions process and to offer a complete support system as they pursue their educational goals in an experience that is specifically designed for their lifestyle.” About National American University Holdings, Inc. National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’s, master’s, and doctoral degree programs in technical and professional disciplines. Accredited by the Higher Learning Commission, NAU has been providing technical and professional career education since 1941. NAU opened its first campus in Rapid City, South Dakota, and has since grown to multiple locations throughout the central United States. In 1998, NAU began offering online courses. Today, NAU offers degree programs in traditional, online, and hybrid formats, which provide students increased flexibility to take courses at times and places convenient to their busy lifestyles.


RAPID CITY, S.D., June 01, 2017 (GLOBE NEWSWIRE) -- National American University Holdings, Inc. (the “Company”) (NASDAQ:NAUH), which through its wholly owned subsidiary operates National American University (“NAU” or the “University”), a regionally accredited, proprietary, multi-campus institution of higher learning, today announced the launch of the University’s College of Military Studies. NAU has proudly served military students since its founding in 1941. Building upon the University’s commitment to exceptional student service, the College of Military Studies brings military students and NAU’s general academic programming together to allow NAU to better serve their specific academic and support needs. Ronald L. Shape, Ed.D., President and Chief Executive Officer of the Company, stated, “With the launch of the College of Military Studies, we are pleased to expand our dedication to our military student population who face a different set of challenges from our traditional students. Military service is complex, self-sacrificing and demanding. Service members and their families are faced with extended deployments, temporary duty assignments and frequent permanent change of station moves, all while trying to maintain a stable household and obtain an education during their free time. Given these constraints, a traditional education oftentimes is not a viable option for service members. Staff at the College of Military Studies understand and recognize all the complexities and demands placed on service members and their families, as the majority of them are veterans who have served themselves. Our mission is to help military students fully understand their options during the admissions process and to offer a complete support system as they pursue their educational goals in an experience that is specifically designed for their lifestyle.” About National American University Holdings, Inc. National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’s, master’s, and doctoral degree programs in technical and professional disciplines. Accredited by the Higher Learning Commission, NAU has been providing technical and professional career education since 1941. NAU opened its first campus in Rapid City, South Dakota, and has since grown to multiple locations throughout the central United States. In 1998, NAU began offering online courses. Today, NAU offers degree programs in traditional, online, and hybrid formats, which provide students increased flexibility to take courses at times and places convenient to their busy lifestyles.


RAPID CITY, S.D., July 21, 2017 (GLOBE NEWSWIRE) -- National American University Holdings, Inc. (the “Company”) (NASDAQ:NAUH), which through its wholly owned subsidiary operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning, today announced its intent to acquire California-based Henley-Putnam University (“H-PU”), the only accredited online university solely focused on strategic security degree programs, which had student enrollment of 713 as of December 31, 2016. The Company and H-PU executed an Asset Purchase Agreement on July 21, 2017. Upon the closing of the transaction, H-PU’s educational programs are anticipated to become part of NAU’s degree and certificate program offerings. The closing of this proposed transaction is subject to customary closing conditions, as well as the receipt of necessary approvals from various regulatory and accrediting bodies, including the Higher Learning Commission. Ronald L. Shape, Ed.D., President and Chief Executive Officer of the Company, stated, “We are pleased to be working closely with the Henley-Putnam team over the next several months and look forward to this opportunity to serve students focused in the highly specialized area of strategic security. The solid foundation and curriculum that H-PU has developed and delivered over the past 15 years will allow us to serve students interested in entering the field of strategic security or those pursuing advancement opportunities within law enforcement, military, and intelligence communities.” Incorporated in 2001, Henley-Putnam University is dedicated to the professional development of military, government, law enforcement and national security professionals. The University was designed to contribute to the establishment of higher education standards in the areas of strategic security, intelligence and counter-terrorism. In the post-9/11 era, a greater focus on national security has led to increased demand for educated and trained personnel in these matters. About National American University Holdings, Inc. National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University, a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’s, master’s, and doctoral degree programs in technical and professional disciplines. Accredited by the Higher Learning Commission, NAU has been providing technical and professional career education since 1941. NAU opened its first campus in Rapid City, South Dakota, and has since grown to multiple locations throughout the central United States. In 1998, NAU began offering online courses. Today, NAU offers degree programs in traditional, online, and hybrid formats, which provide students increased flexibility to take courses at times and places convenient to their busy lifestyles. About Henley-Putnam University Henley-Putnam University is an online, for-profit, post-secondary educational institution that offers 100% online programs focused in the field of Strategic Security, including a variety of for credit certificates and Bachelor’s and Master’s degrees in Intelligence Management, Terrorism and Counterterrorism Studies, and Strategic Security and Protection Management and a Doctorate in Strategic Security (“DSS”). H-PU has a comprehensive strategic security online curriculum, offering over 150 courses, 7 degree programs, and 31 certificate programs. Courses with enrollments at the BS and MS levels are started monthly with DSS courses started quarterly. The curriculum is supported by over 90 adjunct faculty members with extensive experience within the security industry. Faculty members teaching our core competency courses have an average of over 20 years of operational field experience.


RAPID CITY, S.D., April 19, 2017 (GLOBE NEWSWIRE) -- National American University Holdings, Inc. (the “Company”) (NASDAQ:NAUH), which through its wholly owned subsidiary operates National American University, a regionally accredited, proprietary, multi-campus institution of higher learning, today announced that on April 13, 2017, the Company’s Board of Directors declared a cash dividend in the amount of $0.045 per share on all shares of the Company’s common stock outstanding and of record as of the close of business on June 30, 2017, to be paid on or about July 7, 2017. The Company operates on a May 31st fiscal year. National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’s, master’s, and doctoral degree programs in technical and professional disciplines. Accredited by the Higher Learning Commission, NAU has been providing technical and professional career education since 1941. NAU opened its first campus in Rapid City, South Dakota, and has since grown to multiple locations throughout the United States. In 1998, NAU began offering online courses. Today, NAU offers degree programs in traditional, online, and hybrid formats, which provide students increased flexibility to take courses at times and places convenient to their busy lifestyles.


Company to host conference call on April 6, 2017, at 11:00 a.m. ET RAPID CITY, S.D., April 05, 2017 (GLOBE NEWSWIRE) -- National American University Holdings, Inc. (the “Company”) (NASDAQ:NAUH), which through its wholly owned subsidiary operates National American University (“NAU” or the “University”), a regionally accredited, proprietary, multi-campus institution of higher learning, today reported unaudited financial results for its fiscal 2017 third quarter and nine months ended February 28, 2017. Management Commentary Ronald L. Shape, Ed.D., President and Chief Executive Officer of the Company, stated, “We continue to see enrollment trending in a more positive direction and were pleased to report a second consecutive period of quarter-over-quarter enrollment growth from fall to winter 2016-17 term, even in spite of typical seasonality due to the holidays. As year-over-year enrollment declines are narrowing with each term, our continuing education, doctoral, and graduate programs continue to see healthy growth. Across our footprint, an increasing number of our campuses have begun turning organic enrollment growth on a year-over-year basis. While this may be a reflection of the markets in which other schools have closed, NAU has also refocused its marketing and redesigned its website to be more accessible and intuitive for prospective and current students. We remain focused on providing our students with the necessary tools and support to help them persist with their academic studies and ultimately achieve their goals of graduating and finding a job within their field of study. In this regard, we introduced NAU Tuition Advantage during the spring 2017 term, a new pricing structure that is simple to understand and enables students to take advantage of more courses at a lower per-credit hour price point. Not only does this make an education at NAU more affordable for our students, but we expect it will have a positive impact on our top and bottom lines in the quarters to come.” Dr. Shape continued, “During the fiscal 2017 third quarter, we enrolled former students of Career Point College in San Antonio and Austin, Texas, as well as other institutions that closed their doors during this challenging time. We also continue to accept enrollments from students in Canada while remaining cognizant of the compliance requirements of various Canadian regulatory authorities. Though we are growing to serve a broader population of students, we have made continued efforts to right-size our operations to be more in line with current enrollment levels while keeping in mind our commitment to academic quality and student support. As a result of several cost-cutting initiatives, we have reduced SG&A expenses by nearly 15% year to date and continue to closely monitor areas where we may be able to find cost savings. With this conservative approach, we believe we are in an increasingly advantageous position to execute on our strategic plan and to move forward with any suitable opportunities we may see within the space.” Total NAU student enrollment for the winter 2016-17 term decreased 4.4% to 7,314 students from 7,649 during the prior winter term. Students enrolled in 62,607 credit hours compared to 66,295 credit hours during the prior winter term. The current average age of NAU’s students continues to be in the mid-30s, with those seeking undergraduate degrees remaining the highest portion of NAU’s student population. The following is a summary of student enrollment at February 28, 2017, and February 29, 2016, by degree level and by instructional delivery method: The Company, through its wholly owned subsidiary, operates in two business segments: academics, which consists of NAU’s undergraduate, graduate, and doctoral education programs and contributes the primary portion of the Company’s revenue; and ownership in and development of multiple apartments and condominium complexes from which it derives sales and rental income. The real estate operations generated approximately 1.3% of the Company’s revenue for the quarter ended February 28, 2017. The Board of Directors declared a cash dividend in the amount of $0.045 per share on all shares of the Company’s common stock outstanding and of record as of the close of business on March 31, 2017, that will be paid on or about April 7, 2017. Management will discuss these results in a conference call (with accompanying presentation) on Thursday, April 6, 2017, at 11:00 a.m. ET. Accompanying Slide Presentation and Webcast The Company will also have an accompanying slide presentation available in PDF format at the “Investor Relations” section of the NAU website at http://investors.national.edu. The presentation will be made available 30 minutes prior to the conference call.  In addition, the call will be simultaneously webcast over the Internet via the “Investor Relations” section of the NAU website or by clicking on the conference call link: http://national.equisolvewebcast.com/q3-2017. National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’s, master’s, and doctoral degree programs in technical and professional disciplines. Accredited by the Higher Learning Commission, NAU has been providing technical and professional career education since 1941. NAU opened its first campus in Rapid City, South Dakota, and has since grown to multiple locations throughout the United States. In 1998, NAU began offering online courses. Today, NAU offers degree programs in traditional, online, and hybrid formats, which provide students increased flexibility to take courses at times and places convenient to their busy lifestyles. This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company's business. Statements made in this release, other than those concerning historical financial information, may be considered forward-looking statements, which speak only as of the date of this release and are based on current beliefs and expectations and involve a number of assumptions. These forward-looking statements include outlooks or expectations for earnings, revenue, expenses or other future financial or business performance, strategies or expectations, or the impact of legal or regulatory matters on business, results of operations or financial condition. Specifically, forward-looking statements may include statements relating to the future financial performance of the Company; the ability to continue to receive Title IV funds; the growth of the market for the Company’s services; expansion plans and opportunities; consolidation in the market for the Company’s services generally; and other statements preceded by, followed by or that include the words “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “target” or similar expressions. These forward-looking statements involve a number of known and unknown risks and uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by those forward-looking statements. Other factors that could cause the Company’s results to differ materially from those contained in its forward-looking statements are included under, among others, the heading “Risk Factors” in the Company’s Annual Report on Form 10-K, which the Company filed on August 5, 2016, and in its other filings with the Securities and Exchange Commission.  The Company assumes no obligation to update the information contained in this release. The following table provides a reconciliation of net income attributable to the Company to EBITDA/LBITDA: EBITDA/LBITDA consists of income attributable to the Company, less income from non-controlling interest, plus loss from non-controlling interest, minus interest income, plus interest expense (which is not related to any debt but to the accounting required for the capital lease), plus income taxes, plus depreciation and amortization. The Company uses EBITDA/LBITDA as a measure of operating performance. However, EBITDA/LBITDA is not a recognized measurement under U.S. generally accepted accounting principles, or GAAP, and when analyzing its operating performance, investors should use EBITDA/LBITDA in addition to, and not as an alternative for, income as determined in accordance with GAAP. Because not all companies use identical calculations, the Company’s presentation of EBITDA/LBITDA may not be comparable to similarly titled measures of other companies and is therefore limited as a comparative measure. Furthermore, as an analytical tool, EBITDA/LBITDA has additional limitations, including that (a) it is not intended to be a measure of free cash flow, as it does not consider certain cash requirements such as tax payments; (b) it does not reflect changes in, or cash requirements for, its working capital needs; and (c) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized often will have to be replaced in the future, and EBITDA/LBITDA does not reflect any cash requirements for such replacements, or future requirements for capital expenditures or contractual commitments. To compensate for these limitations, the Company evaluates its profitability by considering the economic effect of the excluded expense items independently as well as in connection with its analysis of cash flows from operations and through the use of other financial measures. The Company believes EBITDA/LBITDA is useful to an investor in evaluating its operating performance because it is widely used to measure a company’s operating performance without regard to certain non-cash expenses (such as depreciation and amortization) and expenses that are not reflective of its core operating results over time. The Company believes EBITDA/LBITDA presents a meaningful measure of corporate performance exclusive of its capital structure, the method by which assets were acquired and non-cash charges, and provides us with additional useful information to measure its performance on a consistent basis, particularly with respect to changes in performance from period to period.


RAPID CITY, S.D., June 01, 2017 (GLOBE NEWSWIRE) -- National American University Holdings, Inc. (the “Company”) (NASDAQ:NAUH), which through its wholly owned subsidiary operates National American University (“NAU” or the “University”), a regionally accredited, proprietary, multi-campus institution of higher learning, today announced the launch of the University’s College of Military Studies. NAU has proudly served military students since its founding in 1941. Building upon the University’s commitment to exceptional student service, the College of Military Studies brings military students and NAU’s general academic programming together to allow NAU to better serve their specific academic and support needs. Ronald L. Shape, Ed.D., President and Chief Executive Officer of the Company, stated, “With the launch of the College of Military Studies, we are pleased to expand our dedication to our military student population who face a different set of challenges from our traditional students. Military service is complex, self-sacrificing and demanding. Service members and their families are faced with extended deployments, temporary duty assignments and frequent permanent change of station moves, all while trying to maintain a stable household and obtain an education during their free time. Given these constraints, a traditional education oftentimes is not a viable option for service members. Staff at the College of Military Studies understand and recognize all the complexities and demands placed on service members and their families, as the majority of them are veterans who have served themselves. Our mission is to help military students fully understand their options during the admissions process and to offer a complete support system as they pursue their educational goals in an experience that is specifically designed for their lifestyle.” About National American University Holdings, Inc. National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University (“NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’s, master’s, and doctoral degree programs in technical and professional disciplines. Accredited by the Higher Learning Commission, NAU has been providing technical and professional career education since 1941. NAU opened its first campus in Rapid City, South Dakota, and has since grown to multiple locations throughout the central United States. In 1998, NAU began offering online courses. Today, NAU offers degree programs in traditional, online, and hybrid formats, which provide students increased flexibility to take courses at times and places convenient to their busy lifestyles.

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