Friendship-Edison Charter Schools Continue to Improve
Performance on SAT-9
NEW YORK, July 24 /PRNewswire-FirstCall/ --
Edison Schools (Nasdaq: EDSN), the nation's largest private manager of public
schools, announced today that its schools in Washington D.C. have made strong
and consistent gains on the Stanford Achievement Test (SAT9). The SAT9 was
administered to Washington D.C. students in grades one through eleven in
reading and math. On average, Edison District of Columbia students made a
system-wide overall gain of 9.3 percentile points from 2001 to 2002 and a gain
of 25.6 percentile points over the past four years that Edison has managed
schools in partnership with Friendship House. Friendship House is a
non-profit organization that has been serving DC families and communities for
almost one hundred years.
Friendship-Edison Public Charter School-Woodridge, Chamberlain,
Blow-Pierce and Carter Woodson campuses continue to make strong gains on the
SAT9. The results at all four Friendship-Edison schools were strong and
consistent across most subjects and grade levels:
At Chamberlain, successive cohorts of students in first through fifth
grade gained an average of 17 percentile points in reading and 17 percentile
points in math from spring 2001 to spring 2002, across all grade levels.
Successive cohorts of students made a total gain of 34 points in reading and
42 points in math since the fall of 1998. Chamberlain's national percentile
rank has improved from the 27th percentile in fall 1998 to the 67th percentile
in spring 2002.
At Woodridge, successive cohorts of students in first through fifth grade
gained an average of 6 percentile points in reading and 14 percentile points
in math from spring 2001 to spring 2002, across all grade levels. Successive
cohorts of students made a total gain of 23 percentile points in reading and
33 percentile points in math since the fall of 1998. Woodridge's actual
national percentile rank has improved from the 32nd percentile in fall 1998 to
the 61st percentile in spring 2002.
At Blow-Pierce Junior Academy successive cohorts of students in sixth
through eighth grade gained an average of 7 percentile points in reading and 4
percentile points in math from spring 2001 to spring 2002, across all grade
levels. Successive cohorts of students made a total gain of 21 points in
reading and 18 points in math since the fall of 1999, when the school opened.
At Carter Woodson Senior Academy students in grades nine through eleven
took the SAT9 exam. Successive cohorts of students from spring 2001 to spring
2002 lost 4.5 percentile points in reading and 6.5 percentile points in math,
however, since the school opened in fall 2000, successive cohorts of students
made overall gains of one percentile point in reading and 7.5 percentile
points in math.
"We are thrilled by these most recent results from our D.C. Friendship
House-Edison partnership schools," said John Chubb, Chief Education Officer.
"The immense focus and dedication to achievement at these schools is
exemplary. System-wide we have made strong and consistent gains each year
since these schools opened. And, we believe that our District of Columbia
schools remain poised for even greater achievement advances over the coming
years."
Donald Hense, President and CEO of Friendship House, concurred. "We are
very pleased with the outstanding progress our students are making the
Friendship Edison Public Charter Schools. The continued increase in test
scores prove that with dedicated principals, teachers, and parents, our
children can receive a world class education that will prepare them to be
outstanding members of the communities in which they live."
About Edison
Edison Schools manages 133 public schools with a total enrollment of
approximately 74,000 students. Through contracts with local school districts
and public charter school boards, Edison generally assumes educational and
operational responsibility for individual schools in return for funding that
is comparable to that spent on other public schools in the area. Over the
course of three years of intensive research, Edison's team of leading
educators and scholars developed an innovative, research-based curriculum and
school design. Edison opened its first four schools in August 1995, and has
grown rapidly in every subsequent year. For more information, please visit
http://www.edisonschools.com.
Any statements in this press release and any other press release issued by
Edison on or about the date hereof about future expectations, plans and
prospects for Edison, including statements containing the words "believes,"
"anticipates," "plans," "expects," "will," and similar expressions, constitute
forward-looking statements within the meaning of The Private Securities
Litigation Reform Act of 1995. Actual results may differ materially from
those indicated by such forward-looking statements as a result of various
important factors, including the risk factors discussed in our most recent
quarterly report filed with the SEC, and other factors such as, among other
things, the possibility that: (1) Edison, its independent auditors and/or the
SEC may identify additional items that materially and adversely affect
Edison's financial results; (2) the financing discussed separately by Edison
today may not be consummated; and (3) the events relating to the informal SEC
inquiry or its settlement may result in defaults under Edison's material
agreements or give rise to costly and protracted litigation against Edison.
The forward-looking statements included in this press release represent
Edison's estimates as of July 24, 2002. Edison anticipates that subsequent
events and developments will cause its estimates to change. While Edison may
elect to update these forward-looking statements at some point in the future,
Edison specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing Edison's estimates or
views as of any date subsequent to July 24, 2002.
SOURCE Edison Schools
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Related links:
http://www.edisonschools.com
CONTACT:
John Chubb, Chief Education Officer,
+1-212-419-1641, or Adam Tucker, VP Communications,
+1-212-419-1602, both of Edison Schools
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