Third New Child Care Development Underscores Potential of Edleun's Burgeoning Development Program

    




 CALGARY, June 1, 2012 /CNW/ - Edleun Group, Inc.  ("Edleun" or the "Company"), the leading provider of quality early childhood education and care  in Canada, announced today that it has entered into an agreement with  Brookfield Residential, to acquire 2.1 acres of land in the  master-planned South Calgary community of Seton to support the staged  construction of new child care facilities. The site is in close  proximity to the new Calgary South Health Campus, a full service  hospital that will employ over 2,400 full-time staff positions and 180  physicians upon the opening of Phase 1.  The Company intends to build  one building in each of two phases of construction with each 16,000  square foot building comprising 205 licensed child care spaces for  children aged six weeks through 12 years of age. 

 "Locating near a major employment hub in an emerging area will provide  substantial traffic for our state of the art centres from the immediate  and surrounding communities as parents seek out a convenient, high  quality child care option in close proximity to where they work and  live," said Leslie Wulf, Vice Chairman Corporate Development of Edleun.  "By splitting the development into two phases to have two buildings on  one site, we can introduce capacity to meet demand from both  newly-hired hospital staff and the adjacent neighbourhoods of Auburn  Bay, Mahogany and Cranston, which will be comprised of more than 25,000  homes." 

 Seton is a Brookfield Residential mixed use development located on 148  hectares that will eventually see one million square feet of retail,  1.5 million square feet of office space, 1,300 multi-family residential  units, a hotel, a regional recreation centre and public library,  emergency services facility, a high school, an assisted living complex  and a nursing home which will all be serviced by the future southeast  LRT line," said Warren Paulsen, Vice-President of Commercial for  Brookfield Residential. 

 Upon full build out of the residential communities south of Highway 22x  and around Seton, the population is expected to expand to over 100,000  people. 

 The Seton Learning Centres will be custom-designed, free standing child  care facilities offering self-contained parking and a large  age-specific outdoor playground area. Each of the centers will be  licensed for 205 children and offer programs to families for children  ranging from six weeks to 12 years of age. The Seton Learning Centres  will offer an age-specific, developmentally appropriate curriculum,  fully trained staff that participate in continuous learning and  professional development, and nutritionally certified food menus. This  facility is designed to provide large volumes of natural light into all  classrooms and common spaces creating a warm, secure and stimulating  environment conducive to care and learning for children. This modern  and efficient new facility will serve as a further template for  Edleun's planned development of other new child care centres of varying  sizes and configurations designed to suit individual communities and a  range of different land sites. 

 "This new centre in Seton, together with two new centres nearing  completion in Calgary, brings the number of new spaces we are  developing for Calgarians to almost 700, a welcome addition to a market  that is clearly undersupplied as evidenced by strong pre-enrollment  activity," said Dale Kearns, President of Edleun. "These centres are  not only purpose built, state of the art facilities, but are also more  efficient because of their superior locations and economies of scale.   We believe that many Canadian cities are underserved by existing  facilities, and intend to roll out additional new projects in Alberta,  Ontario, and British Columbia." 

 About Brookfield Residential Properties Inc. 

 Brookfield Residential Properties Inc. is a North American land  developer and homebuilder, active in ten principal markets with over  100,000 lots controlled. They entitle and develop land and build homes  for their own communities, as well as sell lots to third-party  builders. Brookfield is listed on the New York Stock Exchange and the  Toronto Stock Exchange under the symbol BRP. For more information,  please visit www.brookfieldrp.com. 

 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 47 centres in its portfolio  including 42 centres in operation and five in various stages of  development or redevelopment representing, 4,990 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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