EDLEUN COMPLETES ACQUISITION OF THREE CHILD CARE CENTRES IN ALBERTA

CALGARY, Nov. 1 /CNW/ - Edleun Group, Inc. (TSX-V: EDU), a leading consolidator, operator and developer of child care facilities in Canada, announced today that it has completed its acquisition of the previously announced three child care centres located in Calgary, Alberta. The acquisition of these three centres adds 283 licensed childcare spaces to the Company's portfolio and increases the total number of spaces to 1,851. Including the transaction just completed, Edleun currently owns 20 centres in Canada.

"With the closing of these acquisitions, we are building a core portfolio of centres, increasing our brand presence and commitment to the highest quality in early childhood development and care," said Leslie Wulf, Chief Executive Officer of Edleun. "We continue to evaluate a range of opportunities in Canada that will support our continued growth."

The three centres were acquired for a total cost of $2,240,000. The Company is acquiring both the real estate and child care operations at each of the three centres.

Since May 2010, the Company has acquired 20 child care centres located primarily in Calgary and Edmonton, Alberta. All centres acquired undergo a full remodelling and upgrading process as well as the implementation of an education curriculum and nutritional program to ensure they meet Edleun's standards. The Company expects the remodelling of the three acquired centres to be completed in the fourth quarter of calendar 2010.

About the Company

Edleun is a leading provider of high-quality, educational child care in Canada. The Company is committed to providing children, families and employers with access to, and choice of, quality early childhood education programs, helping Canadians balance their work and family lives. 

Edleun's goal is to become the leading educational and child care provider in Canada. The Company's objectives include the acquisition and improvement of existing child care centres and development of new childcare centres across Canada. Edleun is pursuing the development of new "State of the Art" child care centres in a number of Calgary and Edmonton residential communities where there are no childcare facilities currently.

FORWARD-LOOKING STATEMENTS:

Certain statements in this Release which are not historical facts may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Any statements related to Edleun's projected revenues, earnings, growth rates, revenue mix, staffing and resources, and product plans are forward looking statements as are any statements relating to future events, conditions or circumstances. The use of terms such as "believes", "anticipated", "expected", "projected", "targeting", "estimate", "intend" and similar terms are intended to assist in identification of these forward-looking statements. Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause the actual results, performance, achievements or developments of Edleun to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions. Except as required by law, Edleun does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.

The Company undertakes no obligation, except as required by law, to update publicly or otherwise any forward-looking information, whether as a result of new information, future events or otherwise, or the above list of factors affecting this information. Many factors could cause the actual results of Edleun to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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For further information:

please contact Leslie Wulf, Chief Executive Officer of Edleun Group, Inc. at [phone] or Nick Hurst of the Equicom Group, Inc. at [phone]