EDLEUN ANNOUNCES ELECTION OF TWO NEW DIRECTORS

CALGARY, May 19 /CNW/ - (TSXV: EDU) a leading Canadian operator, consolidator and developer of child care facilities, today announced that the Company's shareholders elected Messrs. Gary Goodman and Adam Berkowitz to the Company's Board of Directors. Incumbents Messrs. Colley Clarke (Chariman), Daniel Gallivan, Jeffrey Olin, Mitchell Rosen, John Snobelen and Leslie Wulf, were also re-elected and the number of Directors going forward was fixed at eight. Ms. Traudi Kelm and Messrs. Richard Dahlson, J. Robert Logan and Barry Reichmann did not stand for re-election.

"I want to thank our outgoing directors for their numerous and invaluable contributions to Edleun's early development as we laid the foundation to support future success," said Mr. Colley Clarke, Chairman of Edleun. "We also took deliberate steps to ensure we have the necessary skills and experience at the Board level to support the Company through the next stage of its evolution and we are pleased to have individuals of Gary and Adam's calibre joining us to help chart Edleun's future strategic direction."

Mr. Goodman was most recently Executive Vice-President, Reichmann International. He has been a senior executive and trusted advisor for Mr. Paul Reichmann and his affiliated companies and REITs for more than 30 years. He held progressively senior level financial executive positions with Olympia & York Developments Ltd. He was previously, President and CEO of IPC REIT, a Canadian REIT which was focused exclusively on U.S. commercial, mainly office, properties, which was sold in December 2007. He is currently a trustee of Boardwalk REIT and Huntingdon REIT and a director of Gazit America Inc.  Mr. Goodman is a Chartered Accountant.

Mr. Berkowitz is a principal at privately-held Croft Properties in New York.  Croft Properties and its affiliated family entities own more than 200 multi-family and commercial properties in the United States.  Prior to Croft Properties, Mr. Berkowitz was part of a team managing more than $1 billion of assets at High Rise Capital Management, a dedicated public real estate hedge fund in New York.  Previously, Mr. Berkowitz was at Argent Ventures, an opportunistic real estate partnership based in New York, and a real estate investment banker at Lazard Freres, where he advised public real estate companies on corporate mergers and asset sales.  He graduated with a BA in Economics from the University of Pennsylvania, an M.Phil from Cambridge University in England, an MA in real estate from the NYU Real Estate Institute and a JD from NYU School of Law.

The Company also announced that it received shareholder approval for all other resolutions proposed at its Annual and Special Meeting of Shareholders.

About Edleun Group Inc.

Edleun is the leading provider of high-quality, educational child care in Canada.  The Company is committed to providing children, families and employers with access to, and choice of, quality early childhood education programs, helping Canadians balance their work and family lives.

The Company's objectives include the acquisition and improvement of existing child care centres and development of new child care centres across Canada.  Edleun is pursuing the development of new "state of the art" child care centres in a number of Calgary and Edmonton residential communities which are currently underserved.

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.

SOURCE Edleun Group, Inc.

For further information:

contact Leslie Wulf, Chief Executive Officer or Dale Kearns, Chief Financial Officer, of Edleun Group, Inc. at (403) 705-0362, or Nick Hurst of the Equicom Group, Inc. at (403) 218-2835

Profil de l'entreprise

Edleun Group, Inc.

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