Edleun successfully transforms acquired Kelowna building into modern child care centre in underserved market

    




 CALGARY, July 9, 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 new child care centre in  Kelowna, British Columbia. Having acquired a strategically located  former church, Edleun completely retrofitted and repurposed the  building expressly for use as a child care facility with 140 licensed  spaces. 

 "The opening of our first newly developed centre in British Columbia  follows the successful opening of our new greenfield development in the  Calgary area and places an early learning and care centre in a key  location within an established community where additional capacity is  needed most," said Dale Kearns, President of Edleun. "Today, Edleun's  46 operating centres, in addition to the three that are in various  stages of development, represent approximately 5,200 licensed child  care spaces. This accounts for less than one percent of the total  Canadian market. Together with our multi-channel growth strategy that  spans acquisition and co-location opportunities, our development  initiatives allow us to address unsatisfied demand of more than 150,000  nationally licensed child care spaces. We view this as a significant  opportunity to continue to grow our market share and provide quality  child care to Canadian families." 

 The new Kelowna facility has received a favorable reception with 88  children in attendance during the first day of operation. Initial  occupancy reflects the staging of occupancy during the summer season  with September enrolment expected to increase as a result of strong  community interest in this new, high quality child care centre. 

 Edleun expects development initiatives like this centre to make a strong  contribution to the Company's future profitability and cash flow. In  addition, as this centre was completed with the Company's available  cash and credit facilities, it is anticipated to be 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 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],orNick Hurst of the Equicom Group, Inc. at [phone]. 


    

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