Opening of "State of the Art" Child Care Centre in Underserved Calgary Market Marks Beginning of Development Phase of Edleun's
06 Luglio 2012 - 1:00PM
PR Newswire (Canada)
CALGARY, July 6, 2012 /CNW/ - Edleun Group, Inc. ("Edleun" or the
"Company"), the leading provider of quality early childhood
education and care in Canada announced today the opening of its
first new child care centre greenfield development. Located in the
Town of Chestermere, a suburb of the City of Calgary, 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. It will
serve as a model for additional developments by Edleun, one of
which is currently nearing completion (McKenzie Towne in Calgary),
and another in the final planning phases prior to construction
(Seton in Calgary). Edleun focused on the rapidly growing Town of
Chestermere because there were no licensed childcare centres in
this bedroom community with 4,200 homes, and limited options in
neighbouring communities. To meet the needs of these communities,
Edleun decided to develop a new centre, and purchased a site that
occupies a prime location with high visibility in Chestermere Town
Centre, the town's retail hub. It is located beside the principal
grocery store in Chestermere, as well as adjacent to other retail
stores and restaurants. In a similar fashion, Edleun has determined
that south-east Calgary is also significantly underserved by
existing child care centres; accordingly, a comparable new child
care centre development is nearing completion at McKenzie Towne.
This purpose-built building represents the culmination of a process
that involved senior management of the Company, architects,
planners, and child care consultants, with a view to building a
"state of the art" child care centre. This building incorporates
the latest and best physical characteristics designed to improve
the childrens' experience while achieving operational efficiencies.
Among these physical characteristics are improved controls in
entering and leaving the building, natural lighting, superior air
quality, indoor fitness and recreational space, large rooms
providing greater space per child than required by regulation, and
ample parking. On the first day of operation, 98 students were in
attendance at the new Chestermere facility. In light of the size of
the centre and its opening in the summer season when demand is
traditionally at a low ebb, management is pleased with the
community's response. Edleun expects developments like Chestermere
to be make a significant contribution to the Company's
profitability and cash flow in the future. This reflects a number
of factors including the fact that this facility is modern,
spacious and purpose-built; that its layout, design, and outfitting
enhance both curb appeal and operating efficiency; and that its
scale, being about three times the size of a typical acquired
centre, allows maximal economies of scale. 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
, 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 45
operating centres in its portfolio and four in various stages of
development or redevelopment representing approximately 5,200
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,orNick Hurst of the Equicom Group, Inc. at (403) 218-2835.
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