EDLEUN ENTERS INTO AGREEMENT TO BUILD FIRST NEW CHILD CARE CENTRE

CALGARY, Feb. 17 /CNW/ - Edleun Group, Inc. (TSX-V: EDU) ("Edleun" or the "Company"), a leading Canadian operator, consolidator and developer of child care facilities, today announced that it has entered into a contract to purchase the land to construct the Chestermere Learning Centre just east of the City of Calgary. The "state of the art", 23,550 square foot, purpose-built facility is targeted to open in the autumn of 2011 and will create 247 new licensed child care spaces.

"Edleun's commitment to the highest quality child care services goes well beyond acquiring and improving existing facilities to actually creating new child care spaces in underserved communities," said Mr. Leslie Wulf, Chief Executive Officer of Edleun. "With the construction of Edleun's first newly developed centre we are delivering on our commitment to enhance the quality and availability of child care, and establish a template for future growth across Canada. This new facility will offer dedicated child care programs as well as related services designed to maximize its utility to the surrounding community."

The Chestermere Learning Centre is situated in the Chestermere Town Centre development of Westmere being developed by Melcor Developments Ltd., a national developer of master-planned communities and owner of income producing commercial properties. This custom-designed, free standing child care facility will be located on a 0.80 acre parcel with self-contained parking, and will offer a large age-specific outdoor playground area as well as multi-use indoor gym space. The centre will offer programs to families for children ranging from six weeks to 12 years of age and will include preschool, kindergarten, before and after school care, tutoring and summer camps all in a safe and secure environment. The total development cost, including the cost of the land is projected at approximately $4.5 million.

The Chestermere facility will have an age-specific developmentally appropriate curriculum, fully trained staff that participate in continuous learning and professional development, and nutritionally certified food menus. This facility also substantially exceeds the regulatory requirement for square footage per child in classrooms by 25%, and 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 all children. This modern and efficient new facility will serve as a template for additional centres with varying sizes and configurations being developed to suit individual communities and a range of different land sites.

"The construction of a new, state of the art childcare facility is an exciting development for us in the Town of Chestermere," said Patricia Matthews, Mayor of Chestermere. "For years there has been a growing need for this type of centre because our town is home to so many families. We look forward to the opening of this new facility and to reaping all the associated benefits it will bring to our community."

"Edleun brings a high value concept to the table and it meshes perfectly with one of Melcor's principal objectives of creating Live, Work, and Play master-planned communities," said Mr. Brian Baker, Vice President, Melcor Developments Ltd.  "Having a quality child care facility within our developments is a critical ingredient in the success of our projects.  Based on the relationship built with the Edleun team on the Chestermere project we anticipate forging additional partnerships on future Melcor projects."

Chestermere Lake is a community located just east of Calgary that has experienced rapid population growth in the last 10 years. From 2001 to 2007, the population grew by 148%. The population of the Town of Chestermere according to its 2010 municipal census was 14,285. There are presently no licensed child care facilities in the Chestermere community.

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 also 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:

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

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Edleun Group, Inc.

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