Edleun appoints SVP Acquisitions and Development to drive national expansion initiatives
CALGARY, Aug. 7, 2012 /CNW/ - Edleun Group, Inc. (TSX-V:EDU) ("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 (TSX-V:EDU), 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.
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.
SOURCE: Edleun Group, Inc.For further information:
Dale Kearns, President of Edleun Group, Inc. at (403) 705-0362, or Nick Hurst of the Equicom Group, Inc. at (403) 218-2835