CALGARY, Feb. 14, 2014 /CNW/ - BrightPath Early Learning Inc.
("BrightPath" or the "Company") (TSX-V: BPE), the leading Canadian
provider of quality early childhood education and care, announced today
the departure of Dean Michaels, Senior Vice President, Acquisitions and
Development, from the Company. It is anticipated that Mr. Michaels, who
is based in Toronto, will provide services to the Company until August
This transition is consistent with and supports BrightPath's previously
discussed strategic shift from making acquisitions of child care
centres in Ontario to developing new centres in Alberta. In connection
therewith, the Company will locate its development and new centre
activities principally to Calgary, where they will be managed directly
by Dale Kearns, the Company's President, who has been overseeing
corporate development activities. The Company has experienced
considerable success in creating new state of the art child care
centres in Alberta which provide a superior experience for the children
and families of BrightPath and are generating enhanced financial
returns. This action is anticipated to optimize cost and effectiveness
for BrightPath in advancing its corporate development and growth
"We are increasingly Alberta focused and our plans for growth in western
Canada are taking shape after considerable time and effort invested in
strategies for product, facilities and locations," commented Mary Ann
Curran, Chief Executive Officer of BrightPath. "Our commitment to the
Alberta market is supported by that province's significant employment
growth and migration and its strong economy. It is further supported by
the financial success of our Alberta portfolio, which is approaching
three-quarters of company-wide centre margin contribution."
"We wish to thank Dean for his efforts and wish him well," said Ms
About BrightPath Early Learning Inc.
BrightPath Early Learning Inc. is a Canadian leader in child care and
early education with 51 locations in major markets across the country.
Meeting the highest standard in curriculum, nutrition, technology and
recreational fitness programming, BrightPath is committed to providing
families with the very best care, programs and child development Canada
has to offer.
For more information, please visit www.BrightPathKids.com/corporate or contact Dale Kearns, President of BrightPath Early Learning Inc. at
(403) 705-0362 Ext. 406.
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 BrightPath'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 BrightPath 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, BrightPath 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 BrightPath 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: BrightPath Early Learning Inc.
For further information:
President, BrightPath Early Learning Inc.
Office: 403-705-0362 Toll Free: 1-888-808-2252
Suite 200, 30 Glendeer Circle SE
Calgary, AB T2H 2Z7