Learning Care (NASDAQ:LCGI)
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Childtime Learning Centers, Inc. to Become Learning Care Group,
Inc.
New Parent Company Name Paves Way for Future Growth
NOVI, Mich., Aug. 18 /PRNewswire-FirstCall/ -- Michigan-based Childtime
Learning Centers, Inc. (NASDAQ:CTIM), parent company of the Childtime and Tutor
Time child care brands, has become Learning Care Group, Inc. (NASDAQ:LCGI), as
shareholders approved an amendment to change its legal name at the annual
meeting held yesterday. Childtime and Tutor Time centers will continue to
operate under their existing brand names.
"The new parent company name will facilitate our desire to maintain neutrality
among our brands and lines of business, while still conveying our overall
purpose, and positioning us for growth," said President and CEO, Bill Davis.
Key to this growth will be the expansion of innovative learning products and
family solutions which promote the development of the whole child and enhance
the quality of life for families. "We are working to be recognized as the
premier child and family education corporation in the world," Davis said.
In July 2002, Childtime acquired Tutor Time Learning Systems, Inc. Since the
acquisition, the Board of Directors and management team have worked steadily to
incorporate the Childtime and Tutor Time operations into one cohesive business
unit.
To guide the company's efforts, a new Mission, Vision and Values statement was
created to help clarify corporate goals and define a culture of service and
professional excellence. "We have the vision, the right people and the
infrastructure in place. Now, as the Learning Care Group, we are poised to
fulfill our mission," Davis added.
The company concluded the meeting with a special ceremony at its Novi, Michigan
headquarters to launch the new parent company name. Learning Care Group is one
of the nation's largest publicly traded, for-profit providers of early child
care and educational services, with 470 corporate and franchise centers
operating in 27 states and internationally.
About Learning Care Group, Inc.
Learning Care Group, Inc. is the parent company of Tutor Time Child
Care/Learning Centers and Childtime Learning Centers. As the nation's premier
child care provider, the company has grown into a network of 470 centers,
including operations in 27 states and internationally. For more information on
Childtime, please call Customer Support at 866-244-5384 or visit
http://www.childtime.com/ . For more information on Tutor Time, please call 1
- Tutor-Time - 1 or visit http://www.tutortime.com/ .
DATASOURCE: Learning Care Group, Inc.
CONTACT: Sharon Tse, Marketing & Public Relations of Learning Care
Group, Inc., +1-248-697-9159, Email:
Web site: http://www.childtime.com/
http://www.tutortime.com/