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.
Forward-Looking Statements
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.