[ The Atlanta Journal-Constitution: 10/21/02 ] Text of statement issued by Life University Following is the text of a statement issued by Life University on Sunday: LIFE UNIVERSITY DENIED ACCREDITATION ON APPEAL Disappointed school officials will immediately apply for re-accreditation, University will not close MARIETTA, Ga., Oct. 20, 2002 - An appeal panel of the Council on Chiropractic Education voted today to uphold the decision of the commission on accreditation not to reaffirm the accreditation of Life University's doctor of chiropractic program. The decision was delivered after a hearing between CCE and Life officials this morning. "Obviously, we are disappointed with the decision. We hoped that our appeal would convince the panel to recommend re-accreditation," said Dr. Michael Schmidt, interim president of Life University. "We will continue doing everything possible to meet CCE requirements and will immediately reapply for accreditation." "The decision is unfortunate, but Life University will survive and will continue our efforts to provide an excellent education to our students. We are committed to take all steps necessary to attain accredited statues for the chiropractic program," said Dr. Charles Ribley, chairman of Life's Board of Trustees. The administration has also undertaken necessary cost-containment measures, including elimination of Life's intercollegiate athletics program, to ensure the school's financial solvency during and following the crisis. Schmidt said more steps to keep the school operating may be necessary over the coming months but the administration is committed to seeing the re- accreditation process through. "The school will not close, period," he said. "We ask students, faculty, staff and friends of Life University to remain faithful and supportive of our efforts to restore this great institution."