August 18, 2008
Nobel Learning Communities Acquires an Ivy Kids Early Learning Center School
WEST CHESTER, Pa., Aug. 18 /PRNewswire-FirstCall/ -- Nobel Learning Communities, Inc. , a leading operator of private preschools, elementary schools and middle schools, today announced it has acquired all business and operating assets of the Ivy Kids Early Learning Center's Missouri City, Texas school.
George H. Bernstein, President and CEO of Nobel Learning Communities, said, "We are delighted to add Ivy Kids Early Learning Center's Missouri City School to our nationwide network and we welcome their students, teachers and administrators to the Nobel Learning family. By integrating this Ivy Kids preschool location with The Honor Roll School, our local schools serving preschool through 8th grade students, we will significantly improve our ability to serve the private education needs of the Sugarland and Missouri City markets. We expect this school will be modestly accretive to our fiscal year ending June 30, 2009 earnings."
Nobel Learning used its existing cash resources and credit facility to pay the purchase price.
About Ivy Kids Early Learning Center
Ivy Kids Early Learning Center, a leading private pre-school located in suburban Houston, Texas, combines academic excellence and innovation with a nurturing, creative world designed especially for children. Ivy Kids provides infants, preschoolers, and school age children with developmentally stimulating, educational programs. Our multi-sensory teaching curriculum expands a child's developmental experiences through auditory, visual, kinesthetic and tactile learning, helping children internalize concepts and increase learning retention. We strive to provide the most beneficial learning environment by carefully constructing a safe and a delightful place for children to grow and discover. By integrating the best aspects of multiple philosophies of education with challenging enrichment programs, Ivy Kids provides young children in the Houston area with a premier educational program.
About Nobel Learning Communities
Nobel Learning Communities, Inc. is a national network of over 170 nonsectarian private schools, including preschools, elementary schools, and middle schools in 15 states across the nation. Nobel Learning Communities provides high quality private education, with small class sizes, caring and skilled teachers, and attention to individual learning styles. Nobel Learning Communities also offers an array of supplemental educational services, including before- and after-school programs, the Camp Zone(R) summer program, learning support programs, and specialty high schools. For more information on Nobel Learning Communities, please visit http://www.nobellearning.com/.
Except for historical information contained in this press release, the information in this press release consists of forward looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Potential risks and uncertainties include changes in market demand, market conditions, competitive conditions including tuition price sensitivity, execution of growth strategy, changes in labor force reducing demand or need for private schools and the acceptance of newly developed and converted schools. Other risks and uncertainties are discussed in the Company's filings with the SEC. These statements are based only on management's knowledge and expectations on the date of this press release. The Company will not necessarily update these statements or other information in this press release based on future events or circumstances.
Nobel Learning Communities, Inc.
CONTACT: Tom Frank, CFO of Nobel Learning Communities, Inc.,+1-484-947-2030, [email protected]
Web site: http://www.nobellearning.com/