EDLEUN CLOSES NEW CREDIT FACILITY TO SUPPORT ITS GROWTH PLANS

CALGARY, Feb. 16 /CNW/ - Edleun Group, Inc. (TSX-V: EDU) ("Edleun" or the "Company") the leading Canadian operator, consolidator and developer of child care facilities, announced today that it has completed the agreement for the $25 million credit facility with a Canadian bank, as was contemplated in its announcement of November 18th, 2010. This facility includes a $15 million Term Facility to finance acquisitions and a $10 million Construction and Takeout Facility to fund development projects. This credit facility will enable the funding of additional acquisitions as well as provide construction and longer term take-out financing for the development of new child care centres consistent with Edleun's strategic plan. The credit facility has a term of five years.

"With the completion of this credit facility we are now in a strengthened financial position to execute upon opportunities in our acquisition pipeline, and initiate development of new "state of the art" child care centres," said Les Wulf, Edleun's Chief Executive Officer. "We anticipate making announcements on these opportunities in the near term.  This facility, in conjunction with our current equity base, enables Edleun to expand its growth initiatives by acting on these accretive opportunities while minimizing equity dilution of our shareholders."

About the Company

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:

Leslie Wulf, Chief Executive Officer of Edleun Group, Inc. at (403) 800-0890 or Nick Hurst of the Equicom Group, Inc. at (403) 218-2835

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Edleun Group, Inc.

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