Concorde Closes Repurchase Transaction of 600,000 Shares of Common Stock

Concorde Career Colleges, Inc. (Nasdaq:CCDC) (the"Company" or "Concorde"), a provider of career training in alliedhealth programs, announced today the closing of the previouslyannounced repurchase of 600,000 shares of its common stock from theRobert F. Brozman Trust in a private transaction. The total aggregatepurchase price was $9,066,000 or $15.11 per share. The price wasdetermined using 95% of the average closing price of Company's stockon the Nasdaq market over a 30-day period. The 30-day period beganAugust 19, 2005, and ended September 30, 2005. The repurchase reducesthe Company's outstanding shares approximately 10% from 6,055,333before the transaction to 5,455,333 after the close of thetransaction. Concorde purchased the shares with existing cash.Concorde reported cash and temporary investments of $19,843,000 on itsJune 30, 2005, quarterly filing with the Securities and ExchangeCommission. The Company expects the purchase of shares to be accretiveto the Company's future earnings per share.

The transaction was negotiated and approved by a special committeeof Concorde's board of directors consisting of all of its outsidedirectors. The special committee retained a financial advisor, LeggMason Wood Walker Incorporated ("Legg Mason"), to assist in theevaluation and negotiation of the transaction. Legg Mason, theindependent financial advisor to the special committee, evaluated thefairness of the agreement from a financial point of view. The Companyreceived all required regulatory approvals for the transaction.

Certain statements in this press release may be deemed to beforward-looking statements under the Private Securities LitigationReform Act of 1995. The Company intends that such forward-lookingstatements be subject to the 'safe-harbor' provisions of that act.Forward-looking statements regarding economic conditions, efforts ofemployees, year to year improvements, and effects of corporateinitiatives, future profitability, projections, future revenueopportunities, and their impact on 2005 are forward-looking statementsand not historical facts. These statements are estimates orprojections involving numerous risks or uncertainties, including, butnot limited to, consumer demand, acceptance of services offered by theCompany, the Company's ability to maintain current expense and revenuelevels, actions by competitors, impairment of federal funding,legislative action, student default rates, changes in federal or stateauthorization or accreditation changes, changes in market needs andtechnology, political or regulatory matters, litigation, generaleconomic conditions, changes in management strategy and the Company'sability to leverage its curriculum and management infrastructure tobuild its student base. Actual results or events could differmaterially from those discussed in the forward-looking statements. Seethe Company's reports on Forms 14A, 10-K and 10-Q filed with theSecurities and Exchange Commission for further information. TheCompany disclaims any obligation to publicly update, revise or correctany forward-looking statements, whether as a result of newinformation, future events or otherwise. To find out more aboutConcorde Career Colleges, Inc. (Nasdaq:CCDC), visit our website atwww.concordecareercolleges.com.