Becomes 35th Largest School System in the Nation
84,000 in Full-Year Schools/30,000 in Summer Programs
NEW YORK, Aug. 23 /PRNewswire-FirstCall/ --
Edison Schools Inc. (Nasdaq: EDSN), the nation's leading private manager of
public schools, today announced that it will serve over 100,000 different
students in the coming school year. With a projected enrollment of
approximately 84,000 students in its 150 full-year schools and an enrollment
of over 30,000 students in more than 175 summer school programs
(Edison Extra), Edison continues to show impressive growth. This growth
represents an increase of approximately 10,000 students in full-year schools
and 20,000 in summer school programs.
Edison Schools manages 150 public schools with a total enrollment of
approximately 84,000 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 here by Edison 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
August 23, 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 August 23, 2002.
SOURCE Edison Schools Inc.
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Related links:
http://www.edisonschools.com
CONTACT:
Adam Tucker, VP Communications of Edison
Schools Inc., +1-212-419-1602
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