This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Edleun's Growth Continues With Acquisition Of Montessori Centre In Ottawa

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 As stated in a news release on May 23 rd, 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

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%
TSLA $241.80 0.43%
YHOO $36.53 -0.19%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs