/R E P E A T -- Edleun Strengthens Senior Management Team Through Appointment of Leading Child Care Executive/
October 20 2011 - 7:00AM
PR Newswire (Canada)
CALGARY, Oct. 19, 2011 /CNW/ - Edleun Group, Inc. ("Edleun" or the
"Company"), the leading consolidator and developer of Early
Learning & Care centres in Canada announced today the
appointment of Mr. Ty Durekas to the role of President and Chief
Executive Officer and the appointment of Mr. Leslie Wulf to the
newly-created role of Vice Chairman, Corporate Development. "We are
extremely pleased to attract an individual with such deep and broad
experience in the child care industry," said Mr. Colley Clarke,
Edleun's Chairman. "Ty's breadth of experience includes operations,
new child care centre developments, acquisitions, and corporate
employer-sponsored facilities. Moreover, he has been instrumental
in providing leadership to high growth companies and delivering
increasing profitability." Mr. Durekas joins the Company following
20 years of experience focused on the child care industry in
various markets. Ty's career experience makes him ideally suited to
help execute Edleun's strategy of pursuing profitable growth by
consolidating the fragmented Canadian child care industry and
developing new "state of the art" Early Learning and Child Care
centres in underserved markets across the country. Ty began
his career as a founder of Children's Creative Learning Centers
Inc. in Sunnyvale California ("CCLC"). He was
instrumental in driving substantial growth and profitability for
CCLC between 1992 and 2007. In 2007, he sold the company to
Knowledge Universe, the largest for-profit early childhood
education company in the world. Mr. Durekas was subsequently
appointed to the role of Chief Executive Officer for the Knowledge
Universe employer-sponsored child care business unit, whose clients
included more than 100 prominent corporations and institutions such
as Google, Stanford University, Pixar, BP, Daimler, Oracle, Yahoo,
the World Bank, ADP and Electronic Arts. In this position he
successfully consolidated four separate, previously acquired
companies into a single cohesive operating business. He also
assumed a leadership and governance role with Knowledge Learning
Corporation, a company with 42,000 employees worldwide and revenues
in excess of $1.5 billion. Ty left Knowledge Universe in 2011 with
a desire to return to more entrepreneurial business activities -
hence, a very complementary and appropriate fit for Edleun. "Ty
joining us is a further validation of our vision and the strategy
which we began executing just over a year ago," said Mr. Leslie
Wulf. "He understands that Edleun is at the early stages of a high
growth opportunity that will succeed by increasing both the quality
of child care provided to Canadians and by creating new "state of
the art" child care centres to address the significant shortage of
licensed spaces in this country. The management team and I welcome
Ty and are confident that he will be instrumental in helping Edleun
continue to grow for the children and families we serve as well as
our shareholders and employees." Conference Call Edleun Group Inc.
will hold a conference call on Tuesday, October 25(th), 2011 at
4:30 pm Eastern Time, to introduce CEO Ty Durekas. To access the
conference call by telephone, dial (647) 427-7450 or
1-888-231-8191. Please connect approximately 10 minutes prior to
the beginning of the call. The conference call will be archived for
replay until Tuesday, November 1(st), 2011 at midnight. To access
the archived conference call, dial (416) 849-0833 or 1-855-859-2056
and enter the reservation number: 20620137 followed by the number
sign. A live audio webcast of the conference call will be available
at:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3707440.
Please connect at least 10 minutes prior to the conference call to
ensure adequate time for any software download that may be required
to join the webcast. The webcast will be archived at the above
website for 90 days. About Edleun Group, Inc. Edleun is the leading
provider of high-quality, Early Learning & Care in
Canada. The Company is committed to providing children,
families and employers with access to, and choice of, quality early
childhood education programs, helping Canadians balance their work
and family lives. The Company's objectives include the acquisition
and improvement of existing child care centres and development of
new child care centres across Canada. Edleun is also pursuing
the development of new "state of the art" Early Learning & Care
centres in a number of Alberta and British Columbia residential
communities which are currently underserved. 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. Edleun Group, Inc.
CONTACT: 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.
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