CALGARY, July 2, 2013 /CNW/ - Edleun Group, Inc. ("Edleun" or the "Company") (TSXV: EDU), a leading provider of quality
early childhood education and care in Canada, announces today the
acquisition of Manotick Montessori Casa Dei Bambini, a bilingual
private school in the Ottawa, Ontario community of Manotick with 71
licensed spaces. Announcement of the transaction, without reference to
name, was made in a release on November 18, 2012.
Located in a beautiful woodland setting, this traditional style school
house is located in a rapidly growing community in the National Capital
Region approximately 25 kilometers from downtown Ottawa. Montessori
based, this school has been serving families for the past 14 years. A
family oriented community, the area surrounding Manotick is growing at
almost double the rate of the Ontario provincial average. The location
provides room for future expansion as the population and demand for
quality child care continues to grow.
"As we continue to grow in the Ontario market, we believe that Ottawa is
a strong and desirable community for that expansion," said Mary Ann
Curran, Chief Executive Officer of Edleun. "We are pleased to add
another high quality school to our portfolio. This
particular centre reinforces our belief in the Montessori model and
advances our plan of operating well run, highly occupied centres. This
centre is established in the community and complements our previous
acquisition of four Montessori centres in the area."
The transaction closed on June 28th, 2013 and was acquired using the
Company's available capital resources. The Company now owns and
operates 52 child care centres throughout Canada. Edleun - soon to be
BrightPath Early Learning Inc. - has child care centres located in
Canada's five largest cities (outside Quebec) including Toronto,
Vancouver, Calgary, Edmonton and Ottawa as well as in prime locations
in Kelowna and Windsor and benefit from the increasing demand for
quality child care services in these growing urban settings.
About Edleun Group Inc.
For more information on Edleun Group Inc., visit www.edleungroup.com. As stated in a news release on May 23rd, 2013 Edleun Group Inc. (EDU-V) will transition to BrightPath Early
Learning Inc. The change of name will take effect on or around August
1, 2013. The Company's common shares will continue to trade on the TSX
Venture Exchange under a new symbol (TSX-V: BPE).
SOURCE: Edleun Group
For further information:
Please contact Dale Kearns, President of Edleun Group, Inc. at (403) 705-0362 ext.406