Server: Netscape-Enterprise/2.0a Date: Mon, 29 Dec 1997 19:12:13 GMT Accept-ranges: bytes Last-modified: Mon, 20 Oct 1997 20:58:45 GMT Content-length: 2057 Content-type: text/html
FOR:Nobel Education Dynamics, Inc.
FOR IMMEDIATE RELEASE
CONTACT:
Jack Clegg
Chairman/Chief Executive Officer
Brian Zwaan
Executive Vice President/Chief Financial Officer
(610) 891-8200
INVESTOR RELATIONS:
Cheryl Schneider, Stacey Levitz
Michael McMullan (media)
Morgen-Walke Associates, Inc.
(212) 850-5600
MEDIA, PENNSYLVANIA, September 18, 1997 -- NOBEL EDUCATION DYNAMICS, INC. (NEDI-OTC), announced that it completed the acquisition of three schools in Las Vegas, Nevada: two preschools operating as Warren Walker and the newly constructed Hillpointe elementary school. These schools have capacity to educate almost 700 students and will operate as
Merryhill Schools, a member of the Nobel Learning Community.
This year Nobel has opened a new preschool and a new elementary school in Las Vegas also operating under the Merryhill Schools name. This acquisition brings the Nobel owned schools to five and Nobel has committed to building a sixth school to open in the Fall of 1998.
Jack Clegg, CEO of Nobel, says this acquisition has great strategic value as we will become one of the largest private school systems in one of the fastest growing markets in the United States. Our capacity to educate over 1,000 students in the Las Vegas area demonstrates our commitment to the local market and allows us to execute on our clustering strategy.
Nobel Education operates 129 private schools comprised of middle schools, elementary schools and preschools in 14 states. Nobel's national learning communities have the capacities to educate over 19,000 children