Edleun appoints SVP Acquisitions and Development to drive national expansion initiatives

    




 CALGARY, Aug. 7, 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 Mr. Dean Michaels to the  role of Senior Vice President, Acquisitions and Development. 

 Mr. Michaels has held a series of progressively senior real estate  positions with a number of prominent Canadian retail corporations where  he oversaw substantial growth in retail locations driving revenue  growth, brand recognition and corporate profitability. Most recently,  he was Senior Vice President, Real Estate Services with Katz Group  Canada, Inc., (a leading Canadian operator of pharmacies and drug  stores including the Rexall™ brand) a position he held for six years.  Prior to that, he worked in a number of roles over a 13 year career  with Winners Merchants, Inc. (now TJX Canada), advancing to the  position of Vice President, Real Estate. Mr. Michaels has significant  experience in real estate management, acquisitions, re-development and  construction in addition to strong operational skills spanning  strategic planning, staffing and cost containment. He is a graduate of  Concordia University. 

 "Dean brings a keen understanding of how to expand strong and growing  brands, and extensive national commercial real estate experience, to  his new role at Edleun," said Mary Ann Curran, CEO of Edleun. "Dean  will be a key member of our senior management team and his contribution  will be instrumental in the execution and further development of our  national expansion strategy." 

 "It is significant that Dean brings his experience and relationships  from his pivotal roles in the successful growth and market positioning  of two major Canadian national retail corporations," said Dale Kearns,  President of Edleun. 

 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 46 operating centres in its  portfolio and three 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 [phone],or NickHurst of the Equicom Group, Inc. at [phone] 


    

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