CALGARY, April 28, 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 its plans to open a new child care centre in Cochrane, Alberta, a rapidly growing suburban community located west of Calgary.
The Company has entered into a premises lease for space to accommodate approximately 120 licensed child care spaces to meet the demand for child care in this market. The Company's centre in Cochrane will be conveniently located adjacent to Highway 1A, the arterial road that intersects with Crowchild and Stoney Trail, reinforcing Cochrane as an increasingly desirable place to live based on its proximity to the latest generation of transportation links. The primary trade area, which consists of more than 20,000 residents, has experienced over 700 residential construction starts since 2013 and is projected to benefit from continued rapid population growth. Current information on the supply of child child care spaces indicates fewer than 470 licensed spaces. Completion and opening of the BrightPath centre is subject to permits, approvals and conditions precedent. Opening is expected in the fourth quarter of 2014.
"In addition to our BrightPath Surrey centre to open later this year, the Cochrane location represents another new modern facility to serve Western Canadian families," said Mary Ann Curran, Chief Executive Officer of BrightPath. "Current market conditions in Western Canada support further investment, and we anticipate additional announcements in this regard shortly."
For more information on BrightPath, visit www.BrightPathKids.com. (TSX‐V: BPE). For further information regarding this release, please contact Dale Kearns, President of BrightPath Early Learning Inc. at (403) 705-0362 ext.406.
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 programming, BrightPath is committed to providing families with the very best care and child development programs 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", "anticipates", "expects", "projects", "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 and/or developments of BrightPath to differ materially from the results, performance, achievements and/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 and/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: Dale Kearns, President, BrightPath Early Learning Inc., Office: (403) 705-0362 Ext. 406, Toll Free: (888) 808-2252, Suite 200, 30 Glendeer Circle SE, Calgary, AB, T2H 2Z7, www.brightpathkids.com