NEW YORK, Nov. 6 /PRNewswire-FirstCall/ -- Edison Schools (Nasdaq: EDSN),
the nation's largest private manager of public schools, announced today that
many of its California schools have far exceeded their growth targets as
measured by the 2001-02 Academic Performance Index (API). This achievement
comes despite expected drops statewide, as this was the first year that the
rigorous California Standards tests were factored into the equation that makes
up the API.
Six out of eight (75 percent) Edison schools in California met or exceeded
their school-wide growth targets as compared with only 66 percent of
California schools. Of those schools who experienced growth on the API,
California had an average growth of 24 points as compared with Edison
California schools that had an average growth of 43 points.
Among Edison's top performing California schools, Starr King-Edison
Academy's growth target was 14 points and it grew by 76 points, ranking it
second out of 58 schools in the Long Beach School District. In Chula Vista,
Feaster-Edison Charter School's growth target was 12 points and it grew by 28
points, ranking it fourth out of 37 schools in the district. Edison Charter
Academy surpassed its growth target of 15 points and grew by 64 points,
ranking it third out of 73 schools in the San Francisco School District.
Edison-McNair Academy in Ravenswood surpassed its growth target of 18 points
to grow by 41 points; San Jose-Edison in West Covina passed its growth target
of 3 points, growing by 14 points; and Edison-Bethune Charter Academy exceeded
its growth target of 18 points and grew by 34 points on the API.
Phillips-Edison in Napa and Edison-Brentwood Academy in East Palo Alto,
California, were the only two Edison schools that did not meet their school-
wide API growth targets. Despite drops this year, both schools' API scores
remain above where they were when Edison began to manage these schools in
1999.
"Despite the addition of the rigorous English Language Arts test into the
API scores, most of our schools still performed well this year," said John
Chubb, Chief Education Officer. "Overall we are proud of the strong growth
that many of our California schools have achieved for the academic year
2001-2002. This achievement is a testament to the hard work, dedication, and
commitment that our California principals, teachers, and students exhibit day
in and day out. Our students are learning and thriving in a vibrant and
enriched learning environment supported by the Edison School Design, which
includes monthly benchmark assessments."
About Edison
Edison Schools manages 150 public schools with a total enrollment of
approximately 80,000 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
annual report on form 10-K/A filed with the SEC. The forward-looking
statements included in this press release represent Edison's estimates as of
November 6, 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 November 6, 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 Edison Schools
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