Exhibit
99.1
NATIONAL
AMERICAN UNIVERSITY HOLDINGS, INC. REPORTS
FISCAL 2019 SECOND QUARTER AND SIX MONTHS RESULTS ON FORM
10-Q
Rapid City, South Dakota, January 22, 2019 — National
American University Holdings, Inc. (the “Company”)
(OTCQB: 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 filed its unaudited financial results for
its fiscal 2019 second quarter and six months ended November 30,
2018 with the Securities and Exchange Commission (SEC) on Form
10-Q.
Today,
the Company’s common stock began trading on the OTCQB,
operated by OTC Markets Group, a centralized electronic quotation
service for over-the-counter securities. The Company’s common
stock began trading on the OTCQB under the trading symbol
“NAUH,” following the withdrawal from trading on the
Nasdaq Global Market (NGM). The Company will remain a reporting
company under the Securities Exchange Act of 1934, as amended,
immediately following the voluntary withdrawal from the
NGM.
The
Company also announced that its Chief Financial Officer, Dr. David
K. Heflin, tendered his resignation, effective February 1, 2019.
Dr. Heflin will continue to assist the Company through the
transition over the next several weeks. The Company’s CEO,
Dr. Ronald L. Shape, will serve as interim Chief Financial Officer
while it searches for a replacement.
Investor Conference Calls
The
Company has elected to discontinue hosting live quarterly
conference calls at this time. An open line of communication with
investors remains a priority of the Company and management is
readily available for discussions with investors on a one on one
basis. Investors and analysts wishing to speak with management are
urged to contact the Company’s investor relations
representatives at The Equity Group at +1 212 836 9600 or
aprior@equityny.com.
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 in
several U.S. 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.
Contact
Information:
National American University Holdings, Inc.
Dr.
Ronald Shape
605-721-5220
rshape@national.edu
Investor
Relations Counsel
The Equity Group Inc.
415-568-2255
csohn@equityny.com
Adam
Prior
212-836-9606
aprior@equityny.com