Edleun Announces Board Appointments and Jeffrey Olin as Chairman
25 Maggio 2012 - 1:00PM
PR Newswire (Canada)
CALGARY, May 25, 2012 /CNW/ - Edleun Group, Inc. ("Edleun" or the
"Company") , the leading provider of quality early childhood
education and care in Canada, announced today the appointment of
Jeffrey Olin as Chairman of the Board of Directors and the election
of its directors at its annual general and special meeting of
shareholders. "Jeff has contributed immensely to many facets of the
Company's success," said Mr. Daniel Gallivan, Chair of the
Company's Governance and Nominating Committee "He has served the
board and shareholders well and provided significant leadership to
the Company. This appointment will enable the Company to more fully
benefit from Jeff's skills and leadership as well as strong
alignment with its shareholders." Mr. Olin currently serves as the
President & CEO and Co-Portfolio Manager of Vision Capital
Corporation, the manager of the Vision Opportunity Funds, the
largest shareholder of the Company. The Vision funds have been
amongst the top best performing funds in their class each year
since their inception in 2008. Prior to launching Vision with his
co-founder Mr. Frank Mayer, Mr. Olin had a 15 year career as a
senior level investment banker and investment industry executive.
Prior thereto, Mr. Olin had a successful career in the corporate
real estate industry in the United States and Canada. Mr. Olin
brings substantial corporate governance experience to the Company
with successful directorships in several public and private
companies as well as community and charitable institutions. Mr.
Olin holds a Bachelor of Commerce degree from the University of
Toronto, and a MBA from the Kellogg School at Northwestern
University in Chicago. Mr. Colley Clarke, Edleun's first Chairman
will continue to play an important and significant role as the
Company's Lead Director. In addition, Mr. Clarke will continue as
the Chair of the Company's Audit Committee. "Colley has played an
important role in successfully leading the Board through its
initial growth phase," said Mr Gallivan. Moving forward, Colley
will continue to play an active role in further advancing the
growth and execution of the Company's strategic plan." At the
Company's Annual General and Special Meeting held on May 24, 2012,
shareholders elected Messrs. Jeffrey Olin, Colley Clarke, Adam
Berkowitz, Daniel Gallivan, Gary Goodman, Mitchell Rosen, John
Snobelen and Leslie Wulf as directors for the ensuing year.
Shareholders also approved resolutions to create a Directors
Deferred Share Unit Plan and an Employee Deferred Share Unit
Plan. Shareholders also provided their annual approval of the
Company's stock option plan. 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
, 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 46 centres
in its portfolio including: 41 centres in operation and five
in various stages of development or redevelopment representing
4,939 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. Edleun Group, Inc.
CONTACT: Dale Kearns, President of Edleun Group, Inc. at (403)
705-0362,or NickHurst of the Equicom Group, Inc. at (403) 218-2835.
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