CALGARY, March 6, 2013 /CNW/ - Edleun Group, Inc. ("Edleun" or the "Company") (TSXV: EDU), the leading provider of quality early childhood education and care in Canada, today announced the date for release of its financial results and provided comment on the recent level of its share price.
Edleun currently intends to report its financial results for the fourth quarter and year ended December 31, 2012 on April 3, 2013, following the close of markets, and host a conference call on April 4, 2013. Additional details for the call will be announced in due course.
In light of the recent downward trend in stock price, the Company has received numerous enquiries seeking confirmation that there are no announcements pending.
"We recognize the share price decline is a concern but wish to reassure investors that we are actively managing the Company and investors can anticipate a comprehensive discussion of operations and the outlook for growth when we report our 2012 financial results," said Mary Ann Curran, Chief Executive Officer. "During the Company's conference call discussing its third quarter 2012 financial results, we indicated an expectation of improving financial performance commencing in 2013 as the significant expenditure of capital that was invested in 2012 in new developments contribute to the Company's cash flow. It is noteworthy that as at March 1, 2013, two new developments: the Lake Chestermere Learning Centre and the McKenzie Towne Learning Centre have achieved enrollment of 70% and 95%, respectively."
About Edleun Group, Inc.
Edleun is the leading provider of high-quality, community-based Early Learning & Care child care centres in Canada offering early education and child care services to children ages six weeks to 13 years. Edleun is committed to preparing children for the next step in their education and life, offering families and employers access to and choice of quality early childhood education programs, as well as enhanced opportunities and career advancement for Early Childhood Educators.
Publicly traded on the Toronto Stock Exchange (TSX-V:EDU), the Company's objectives include the acquisition and subsequent improvement of existing child care centres and developing new state-of-the-art Early Learning and Care Centres in underserved Canadian communities.
The Company currently has a total of 50 operating centres in its portfolio representing approximately 5,010 licensed child care spaces and seven in various stages of acquisition, development or redevelopment representing an additional 918 spaces.
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:
please contact Dale Kearns, President of Edleun Group, Inc. at (403) 705-0362 ext. 406.