Edleun Group Inc Closes Acquisition Of Child Care Centers In Ottawa

Edleun Group Inc announced that it has closed the acquisition of three of four child care centres in Ottawa, Ontario announced in the news release dated August 17, 2012. The fourth centre will close April 30, 2013. Edleun is purchasing the four Montessori centres consisting of 195 licensed child care spaces for $2.3 million. All of the centres are located in leased premises under long term leases at market rates. With this acquisition Edleun now has 13 centres in the province of Ontario. This acquisition has been fully funded from the Company's in-place capital resources and will begin contributing to Edleun's cash flow commencing in the fourth quarter of 2012.