CALGARY, June 1, 2012 /CNW/ - Edleun Group, Inc. (TSX-V:EDU) ("Edleun" or the "Company"), the leading provider of quality early childhood education and care
in Canada, announced today that it has entered into an agreement with
Brookfield Residential, to acquire 2.1 acres of land in the
master-planned South Calgary community of Seton to support the staged
construction of new child care facilities. The site is in close
proximity to the new Calgary South Health Campus, a full service
hospital that will employ over 2,400 full-time staff positions and 180
physicians upon the opening of Phase 1. The Company intends to build
one building in each of two phases of construction with each 16,000
square foot building comprising 205 licensed child care spaces for
children aged six weeks through 12 years of age.
"Locating near a major employment hub in an emerging area will provide
substantial traffic for our state of the art centres from the immediate
and surrounding communities as parents seek out a convenient, high
quality child care option in close proximity to where they work and
live," said Leslie Wulf, Vice Chairman Corporate Development of Edleun.
"By splitting the development into two phases to have two buildings on
one site, we can introduce capacity to meet demand from both
newly-hired hospital staff and the adjacent neighbourhoods of Auburn
Bay, Mahogany and Cranston, which will be comprised of more than 25,000
Seton is a Brookfield Residential mixed use development located on 148
hectares that will eventually see one million square feet of retail,
1.5 million square feet of office space, 1,300 multi-family residential
units, a hotel, a regional recreation centre and public library,
emergency services facility, a high school, an assisted living complex
and a nursing home which will all be serviced by the future southeast
LRT line," said Warren Paulsen, Vice-President of Commercial for
Upon full build out of the residential communities south of Highway 22x
and around Seton, the population is expected to expand to over 100,000
The Seton Learning Centres will be custom-designed, free standing child
care facilities offering self-contained parking and a large
age-specific outdoor playground area. Each of the centers will be
licensed for 205 children and offer programs to families for children
ranging from six weeks to 12 years of age. The Seton Learning Centres
will offer an age-specific, developmentally appropriate curriculum,
fully trained staff that participate in continuous learning and
professional development, and nutritionally certified food menus. This
facility is designed to provide large volumes of natural light into all
classrooms and common spaces creating a warm, secure and stimulating
environment conducive to care and learning for children. This modern
and efficient new facility will serve as a further template for
Edleun's planned development of other new child care centres of varying
sizes and configurations designed to suit individual communities and a
range of different land sites.
"This new centre in Seton, together with two new centres nearing
completion in Calgary, brings the number of new spaces we are
developing for Calgarians to almost 700, a welcome addition to a market
that is clearly undersupplied as evidenced by strong pre-enrollment
activity," said Dale Kearns, President of Edleun. "These centres are
not only purpose built, state of the art facilities, but are also more
efficient because of their superior locations and economies of scale.
We believe that many Canadian cities are underserved by existing
facilities, and intend to roll out additional new projects in Alberta,
Ontario, and British Columbia."
About Brookfield Residential Properties Inc.
Brookfield Residential Properties Inc. is a North American land
developer and homebuilder, active in ten principal markets with over
100,000 lots controlled. They entitle and develop land and build homes
for their own communities, as well as sell lots to third-party
builders. Brookfield is listed on the New York Stock Exchange and the
Toronto Stock Exchange under the symbol BRP. For more information,
please visit www.brookfieldrp.com.
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 47 centres in its portfolio
including 42 centres in operation and five in various stages of
development or redevelopment representing, 4,990 licensed child care
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
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, President, of Edleun Group, Inc. at (403) 705-0362, or Nick Hurst of the Equicom Group, Inc. at (403) 218-2835.