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Alex G

02/25/04 11:26 AM

#209542 RE: Zeev Hed #209537

COCO -2.10 turns lower on ESI news; CECO -2.50, UOPX -0.97, APOL -1.50 also plunge

ESI ITT Educational served with search warrant from Texas court

Co announces that federal agents are executing a search warrant at the co's corporate offices in Indianapolis and at several ITT Technical Institutes. The search warrant was issued by the U.S. District Court, Southern District of Texas. The search warrant and related grand jury subpoenas relate to information and documentation regarding placement figures and rates, retention figures and rates, graduation figures and rates, attendance figures and rates, recruitment and admissions materials, student grades, graduate salaries, and transferability of credits to other institutions. (Stock is halted.)