CALGARY,
July 2, 2013 /CNW/ - Edleun Group,
Inc. ("Edleun" or the "Company") (TSXV: EDU), a leading
provider of quality early childhood education and care in
Canada, announces today the
acquisition of Manotick Montessori Casa Dei Bambini, a
bilingual private school in the Ottawa, Ontario community of Manotick with 71 licensed spaces.
Announcement of the transaction, without reference to name, was
made in a release on November 18,
2012.
Located in a beautiful woodland setting, this
traditional style school house is located in a rapidly growing
community in the National Capital Region approximately 25
kilometers from downtown Ottawa. Montessori based, this school
has been serving families for the past 14 years. A family
oriented community, the area surrounding Manotick is growing at almost double the rate
of the Ontario provincial
average. The location provides room for future expansion as
the population and demand for quality child care continues to
grow.
"As we continue to grow in the Ontario market, we believe that Ottawa is a strong and desirable community for
that expansion," said Mary Ann
Curran, Chief Executive Officer of Edleun. "We
are pleased to add another high quality school to our
portfolio. This particular centre reinforces our
belief in the Montessori model and advances our plan of operating
well run, highly occupied centres. This centre is established
in the community and complements our previous acquisition of four
Montessori centres in the area."
The transaction closed on June 28th, 2013 and was acquired using the
Company's available capital resources. The Company now owns and
operates 52 child care centres throughout Canada. Edleun - soon to be BrightPath
Early Learning Inc. - has child care centres located in
Canada's five largest cities
(outside Quebec) including
Toronto, Vancouver, Calgary, Edmonton and Ottawa as well as in prime locations in
Kelowna and Windsor and benefit from the increasing demand
for quality child care services in these growing urban
settings.
About Edleun Group Inc.
For more information on Edleun Group Inc., visit
www.edleungroup.com. As stated in a news release on May 23rd, 2013 Edleun Group Inc.
(EDU-V) will transition to BrightPath Early Learning Inc. The
change of name will take effect on or around August 1, 2013. The Company's common shares will
continue to trade on the TSX Venture Exchange under a new symbol
(TSX-V: BPE).
SOURCE Edleun Group