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BRIEF-Australian Careers Network responds to Age Today's article

Published 17/09/2015, 09:09 am
© Reuters.  BRIEF-Australian Careers Network responds to Age Today's article
ACO
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Sept 17 (Reuters) - Australian Careers Network Ltd ACO.AX :

* Company update ACO.AX

* Notes the article in the Age Today regarding broker practices relating to its subsidiary training college Phoenix institute

* The article is in the board's view inaccurate and misleading and the matter will be further considered by the board

* Company regularly receives applications for enrolment of students from third party student brokers"

* Reiterates its industry- leading course completion rates of circa 80% across its training business.

* Says board identified a number of factual errors and omissions in the article

* Confirms that screening process for student applications for enrolments results in about 40% to 50% of applications being declined

* Source text for Eikon ID:nASX97T7Wc

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