Edleun opens second "state of the art" child care centre in
underserved Calgary market
CALGARY,
Nov. 2, 2012 /CNW/ - Edleun Group,
Inc. (TSX-V: EDU) ("Edleun" or the "Company"),
the leading provider of quality early childhood education and care
in Canada, announced today the
opening of its second new development of a child care centre.
Located in the master planned, southeast Calgary community of McKenzie Towne, this
newly developed centre features 247 licensed spaces located in a
24,000 square foot building situated on a 0.8 acre parcel of
land.
McKenzie Towne is a growing master planned
community and home to more than 16,000 people representing nearly
6,800 dwellings. McKenzie Towne offers its residents a uniquely
styled town centre and a sense of community, resulting in it being
an attractive destination for families to live. The Edleun centre
is well located at the heart of the community's commercial area
adjacent to shops and services.
"Edleun's purpose-built centres are the first of
their kind in Canada and allow us
to introduce much needed child care spaces in the heart of
underserved communities," said Mary Ann
Curran, CEO of Edleun. "This facility provides children and
families with a warm and inviting environment conducive to quality
early learning and care. The facility features secure single point
access, indoor and outdoor fitness and recreational spaces,
superior air quality, large inviting care rooms providing greater
space per child than required by regulation, and ample parking. As
with all Edleun centres, it is staffed by well trained, experienced
caregivers and offers the Company's standardized curriculum,
technology integrated classrooms, and a rotating
nutritionist-certified meal plan."
As well, the Company recently announced the
results of an independent assessment of quality in Edleun centres.
The Early Childhood Environment Rating Scale - Revised
report concluded that the quality of Edleun programming in its
child care centres exceeded the Alberta provincial averages for all centres,
including both not for profit and for profit centres.
"We knew from the outset that the McKenzie Towne
location would be well received by families in the community," said
Dale Kearns, President of Edleun.
"Opening in October, with a staged approach to ramping up
occupancy, all spaces are booked for January
1, 2013 and a robust wait list exists, which serves us well
to create spillover demand for the planned Seton new development
located nearby. We expect new centre developments to play an
increasingly prominent role in our growth strategy going
forward."
Edleun expects developments like McKenzie Towne
and Chestermere to make a
significant contribution to the Company's profitability and cash
flow. The design, layout and scale of these modern, spacious,
purpose-built facilities permit greater economies of scale over
older or converted centres. In addition, as this centre was
completed with the Company's available cash and credit facilities,
it is anticipated to be highly accretive to the Company's near term
cash flow.
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 of 47
operating centres in its portfolio and six in various stages of
acquisition, development or redevelopment representing a total of
approximately 5,400 licensed child care spaces.
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.
SOURCE Edleun Group, Inc.