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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
NOBEL EDUCATION DYNAMICS, INC. BEGINS CONSTRUCTION OF 4 NEW SCHOOLS Company expands presence in Pennsylvania, New Jersey, Virginia,
and California
Media, PA, November 20, 1997 - Nobel Education Dynamics, Inc.
(Nasdaq:NEDI), has broken ground on 4 new schools which are scheduled
to open in 1998. Specifically, construction is underway for two
new preschools in New Jersey and California and two elementary
schools in Pennsylvania and Virginia. Nobel plans to build a total
of 8 to 10 new schools in 1998.
With these ?new builds? and the Company?s ongoing acquisitions,
Nobel continues to expand its presence in existing and new markets.
A.J. Clegg, Chairman/CEO said, ?As we expand into these new
markets, we are positioned for continued growth into 1998.?
Mr. Clegg continued, ?Nobel is dedicated to providing children
with a caring, safe, yet challenging environment conducive to
learning and achieving. These new schools are part of Nobel?s
long-term
cluster strategy which allows students to receive a seamless educational
experience from preschool all the way through eighth grade.?
PRE-SCHOOLS currently under construction are:
School Name
Location
Capacity
Status
Chesterbrook Academy
Evesham, New Jersey
150
Opening July 1998
Merryhill School
Sacramento, CA
150
Opening January 1998
ELEMENTARY SCHOOLS currently under construction are:
Chesterbrook Academy
West Chester, PA
280
Chesterbrook Academy
Sterling, Virginia
280
These schools, combined with their preschools, elementary and
middle schools in 14 states, signify Nobel?s growth plan to fulfill
it?s mission of providing an educationally superior nationwide
schools system.
Nobel operates 129 private preschools, elementary and middle schools
in 14 states. The Nobel Learning Community has the capacity to
educate over 19,000 children.