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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
Ottawa as well as in prime locations in
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