EDLEUN GROUP, INC.
FOR IMMEDIATE RELEASE
March 13, 2012
EDLEUN ACQUIRES EIGHTH ONTARIO CENTRE
Calgary, Alberta - Edleun Group, Inc. ("Edleun" or the
"Company") (TSX-V: EDU), the leading provider of quality
early childhood education and care in Canada, announced
today the acquisition of an eighth Ontario based child care
centre, located in Burlington just west of the Greater
Toronto Area, along the Lakeshore West commuter
corridor.
Edleun is purchasing this centre, currently a successful
operating child care centre, for $475,000. The centre is
located in premises leased from a third party under a long
term lease. The Company intends to increase the number of
licensed spaces from the 49 spaces currently in operation
to 75.
"Through this acquisition we continue to build awareness of
Edleun in southern Ontario and provide an example of how we
intend to bring new supply of child care spaces to
underserved markets," said Mr. Ty Durekas, President and
CEO of Edleun.
The centre is located in a vibrant community at a major
intersection, in close proximity to the Appleby station on
the GO regional commuter train line.
The timing of the completion of the transaction is subject
to normal closing and approval conditions, will be acquired
utilizing the Company's available capital, and hence is
anticipated to be immediately accretive to the Company's
profitability.
About Edleun Group, Inc.
Edleun is the leading provider of high-quality,
community-based Early Learning & Care child care centres in
Canada offering early education and child care services to
children ages six weeks to 13 years. Edleun is committed to
preparing children for the next step in their education and
life, offering families and employers access to and choice
of quality early childhood education programs, as well as
enhanced opportunities and career advancement for Early
Childhood Educators.
Publicly traded on the Toronto Stock Exchange (TSX-V:EDU),
the Company's objectives include the acquisition and
subsequent improvement of existing child care centres and
developing new state-of-the-art Early Learning and Care
Centres in underserved Canadian communities.
The Company currently has a total 43 centres in its
portfolio including: 38 centres in operation and five in
various stages of development or redevelopment representing
4,463 licensed child care spaces.
For further information:
Ty Durekas, President and CEO or Dale Kearns, Chief
Financial Officer of Edleun Group, Inc. at (403) 705-0362,
or Nick Hurst of the Equicom Group, Inc. at (403)
218-2835.
FORWARD-LOOKING STATEMENTS:
Certain statements in this Release which are not historical
facts may constitute forward-looking statements or
forward-looking information within the meaning of
applicable securities laws ("forward-looking statements").
Any statements related to Edleun's projected revenues,
earnings, growth rates, revenue mix, staffing and
resources, and product plans are forward looking statements
as are any statements relating to future events, conditions
or circumstances. The use of terms such as "believes",
"anticipated", "expected", "projected", "targeting",
"estimate", "intend" and similar terms are intended to
assist in identification of these forward-looking
statements. Readers are cautioned not to place undue
reliance upon any such forward-looking statements. Such
forward-looking statements are not promises or guarantees
of future performance and involve both known and unknown
risks and uncertainties that may cause the actual results,
performance, achievements or developments of Edleun to
differ materially from the results, performance,
achievements or developments expressed or implied by such
forward-looking statements. Forward-looking statements are
based on management's current plans, estimates,
projections, beliefs and opinions. Except as required by
law, Edleun does not undertake any obligation to update
forward-looking statements should assumptions related to
these plans, estimates, projections, beliefs and opinions
change.
The Company undertakes no obligation, except as required by
law, to update publicly or otherwise any forward-looking
information, whether as a result of new information, future
events or otherwise, or the above list of factors affecting
this information. Many factors could cause the actual
results of Edleun to differ materially from the results,
performance, achievements or developments expressed or
implied by such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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