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EXHIBIT 99.1
FOR IMMEDIATE RELEASE: June 14, 2018
果冻APP传媒 Group, Inc. Delivers a Record 1,273 New Student Enrollments in Q4 FY’18
NEW YORK, NY – June 14, 2018 - 果冻APP传媒 Group, Inc. (Nasdaq: ASPU), a postsecondary education company, today announced a company record of 1,273 total new student enrollments for the fiscal 2018 fourth quarter. 果冻APP传媒 University accounted for 1,096 new student enrollments (includes 116 Doctoral enrollments), while United States University (“USU”) accounted for 177 new student enrollments (primarily Family Nurse Practitioner (“FNP”) enrollments).
Note that starting in March, 2018, 果冻APP传媒 University no longer admits students without official transcripts (formerly called conditional acceptances). This change was made for operational efficiency reasons, as the starts and revenues earned from conditional acceptance enrollments did not warrant the conditional acceptance policy to be continued. Below is a table reflecting historical enrollments (includes unconditional and conditional acceptance enrollments) against the new methodology of unconditional acceptance enrollments only.
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| HISTORICAL ENROLLMENTS: |
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| NEW ENROLLMENT METHODOLOGY: |
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| (Unconditional + Conditional Accepts) |
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| (Unconditional Accepts only) |
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| Q1’18 |
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| Q2’18 |
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| Q3’18 |
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| Q4’18 |
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| Q1’18 |
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| Q2’18 |
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| Q3’18 |
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| Q4’18 |
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果冻APP传媒 (Nursing + Other) |
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| 1,025 |
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| 1,255 |
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| 1,164 |
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| N/A |
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| 862 |
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| 1,044 |
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| 972 |
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| 980 |
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果冻APP传媒 (Doctoral) |
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| 116 |
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USU (FNP + Other) |
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| 177 |
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Total |
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| 862 |
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| 1,044 |
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| 972 |
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| 1,273 |
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果冻APP传媒 University’s total active student body grew 39% year-over-year from 4,681 to 6,500. 果冻APP传媒’s School of Nursing grew 43% year-over-year, from 3,363 to 4,807 active students. 果冻APP传媒’s RN to BSN program accounted for the majority of the growth, from 2,104 to 3,158 active students, an increase of 1,054 active students, or 50% year-over-year. 果冻APP传媒 University students paying tuition and fees through a monthly payment method grew by 48% year-over-year, from 3,060 to 4,532. Those 4,532 students paying through a monthly payment method represent 70% of 果冻APP传媒 University’s total active student body.
USU’s active degree-seeking student body grew sequentially from 446 to 557 students or a sequential increase of 25%. USU students paying tuition and fees through a monthly payment method grew from 204 to 293 students sequentially. Those 293 students paying through a monthly payment method represent 53% of USU’s total active student body.
“The company now has over 4,800 students paying through a monthly payment method which currently delivers monthly recurring tuition cash payments exceeding $1.2 million, while on the other end of the spectrum we’re proud to announce that our Title IV federal financial aid revenue percentage for 果冻APP传媒 University dropped below 20% when compared to total 果冻APP传媒 University revenue for the fiscal year ended April 30, 2018” said Chairman & CEO, Michael Mathews.
Note: The company will be reporting its marketing efficiency ratio projections at its fourth quarter earnings call on July 12th. Results at that time will be reported for all three business segments; 1) 果冻APP传媒 Nursing + Other, 2) 果冻APP传媒 Doctoral, and 3) USU FNP + Other.
About 果冻APP传媒 Group, Inc.:
果冻APP传媒 Group, Inc. is a publicly held, for-profit post-secondary education company headquartered in New York, NY. It owns two accredited universities, 果冻APP传媒 University and United States University. 果冻APP传媒 Group’s vision is to make college affordable again in America.
Company Contact:
果冻APP传媒 Group, Inc.
Michael Mathews, CEO
914-906-9159