Edleun closes acquisition of three Calgary area centres

CALGARY, Nov. 1, 2011 /CNW/ - Edleun Group, Inc. (TSX-V-EDU) ("Edleun" or the "Company"), the leading consolidator and developer of Early Learning & Care centres in Canada announced today that it has completed the acquisition of three child care centres previously announced in its news release dated September 26, 2011.

"These are our first acquisitions in each of these Calgary communities, further complementing the strength and visibility of the Edleun brand and our goal of delivering a high quality child care alternative for Alberta's families," said Mr. Leslie Wulf, Vice Chairman, Corporate Development.

Edleun purchased the three operating child care centres as well as the underlying real estate from a single vendor for $5.3 million. The two centres in Calgary are located in the southwest and southeast quadrants of the city and each have a capacity of 100 licensed child care spaces. The third centre is located in Okotoks, a growing community south of Calgary, and has 63 licensed child care spaces. This acquisition adds a total of 263 licensed spaces to the Company's growing portfolio.

In addition, Edleun decided not to purchase the child care centre in Vernon, BC for $300,000, as disclosed in the September 26, 2011 release.

The Company continues to finalize the purchase of the child care centre and property in Airdrie, Alberta located just north of Calgary, for $900,000 as described in the press release of September 26th. Upon closing, this centre will add 70 licensed spaces to the Company's portfolio.

This brings the total, including centres owned and transactions previously announced to acquire, redevelop or build centres, to 3,675 licensed spaces in 38 Early Learning & Care centres.

About Edleun Group, Inc.

Edleun is the leading provider of high-quality, Early Learning & Care child care centres in Canada offering early education and child care services to children ages 6 weeks to 13 years.  Edleun strives to provide children with a solid foundation for future success and to inspire a lifelong love of learning.  The Company values real-life learning techniques, using the familiar framework of a young child's day, relationships and experiences to create learning opportunities in everyday moments. Edleun's commitment is to provide 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 developing new "state of the art" Early Learning & Care centres in residential communities which are currently underserved.


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, 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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