NEW YORK, Nov. 26 /PRNewswire-FirstCall/ --
Edison Schools Inc. (Nasdaq: EDSN), the nation's leading private manager of
public schools, announced today that it will open Rosa Parks-Edison Elementary
School next fall, in partnership with the Metropolitan School District in
Perry Township, Indiana (MSDPT). Edison CEO Chris Whittle and Chief Education
Officer John Chubb were in Perry Township on Monday to visit the newly opened
Jeremiah Gray-Edison Elementary School, attend a local Board meeting, and
congratulate MSDPT Superintendent, Dr. H. Douglas Williams, for his recent
Superintendent of the Year award for the state of Indiana. Indiana represents
the 23rd state in which Edison operates its schools.
Rosa Parks-Edison Elementary School will open its doors in fall 2003 to as
many as 700 students in grades K-5 under the strong, experienced leadership of
Principal Gary Robinson. The Rosa Parks School will be housed in a brand new
state-of-the-art facility that is currently under construction. Jeremiah
Gray-Edison Elementary School, the first Edison School in Perry Township,
opened in August 2002 and is off to a very strong start.
Superintendent Williams said, "Though still in the formative stages, the
relationship that we have forged with Edison Schools is everything that we had
hoped it would be. The level of enthusiasm and excitement that initiating the
partnership created in our community has not waned; indeed, it has grown in
depth and breadth. We remain convinced that the benefits that our students
will derive from attending our Edison Schools will truly be substantive."
"We have a tremendous amount of respect for and a strong working
relationship with Perry Township," said Chris Whittle, President and CEO of
Edison Schools. "We look forward to this opportunity to expand our partnership
with them to offer even more educational choice and services to the students
and families of Perry Township, Indiana."
About Edison Schools
Edison is the nation's largest private manager of public schools. Edison
educates approximately 110,000 students in 150 full-year schools and
178 summer schools across the country. Through contracts with local school
districts, states, and public charter school boards, Edison assumes
educational and operational responsibility for individual schools in return
for funding that is generally 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 curriculum and
school design. Edison opened its first four schools in August 1995, and has
grown rapidly in every subsequent year.
Any statements in this press release about future expectations, plans and
prospects for Edison, including statements about Edison's future financial
results and other 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 that Edison could lose revenue if it is unable to
enroll enough students or to attract and retain enough principals and
teachers, Edison's management agreements involve financial risk and are
terminable under specified circumstances prior to their expiration, Edison
could be come liable for its charter schools' financial obligations and other
factors discussed in our most recent Annual Report on Form 10-K filed with the
SEC on September 30, 2002. In addition, the forward-looking statements
included in this press release represent Edison's estimates as of November 26,
2002. Edison anticipates that subsequent events and developments will cause
Edison's estimates to change. However, 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 26, 2002.
SOURCE Edison Schools Inc.
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Related links:
http://www.edisonschools.com
CONTACT:
Adam Tucker - VP, Communications and Advocacy
of Edison Schools Inc., +1-212-419-1602
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