Childtime Learning Centers, Inc. to Become Learning Care Group, Inc.
18 August 2004 - 11:00PM
PR Newswire (US)
Childtime Learning Centers, Inc. to Become Learning Care Group,
Inc. New Parent Company Name Paves Way for Future Growth NOVI,
Mich., Aug. 18 /PRNewswire-FirstCall/ -- Michigan-based Childtime
Learning Centers, Inc. (NASDAQ:CTIM), parent company of the
Childtime and Tutor Time child care brands, has become Learning
Care Group, Inc. (NASDAQ:LCGI), as shareholders approved an
amendment to change its legal name at the annual meeting held
yesterday. Childtime and Tutor Time centers will continue to
operate under their existing brand names. "The new parent company
name will facilitate our desire to maintain neutrality among our
brands and lines of business, while still conveying our overall
purpose, and positioning us for growth," said President and CEO,
Bill Davis. Key to this growth will be the expansion of innovative
learning products and family solutions which promote the
development of the whole child and enhance the quality of life for
families. "We are working to be recognized as the premier child and
family education corporation in the world," Davis said. In July
2002, Childtime acquired Tutor Time Learning Systems, Inc. Since
the acquisition, the Board of Directors and management team have
worked steadily to incorporate the Childtime and Tutor Time
operations into one cohesive business unit. To guide the company's
efforts, a new Mission, Vision and Values statement was created to
help clarify corporate goals and define a culture of service and
professional excellence. "We have the vision, the right people and
the infrastructure in place. Now, as the Learning Care Group, we
are poised to fulfill our mission," Davis added. The company
concluded the meeting with a special ceremony at its Novi, Michigan
headquarters to launch the new parent company name. Learning Care
Group is one of the nation's largest publicly traded, for-profit
providers of early child care and educational services, with 470
corporate and franchise centers operating in 27 states and
internationally. About Learning Care Group, Inc. Learning Care
Group, Inc. is the parent company of Tutor Time Child Care/Learning
Centers and Childtime Learning Centers. As the nation's premier
child care provider, the company has grown into a network of 470
centers, including operations in 27 states and internationally. For
more information on Childtime, please call Customer Support at
866-244-5384 or visit http://www.childtime.com/ . For more
information on Tutor Time, please call 1 - Tutor-Time - 1 or visit
http://www.tutortime.com/ . DATASOURCE: Learning Care Group, Inc.
CONTACT: Sharon Tse, Marketing & Public Relations of Learning
Care Group, Inc., +1-248-697-9159, Email: Web site:
http://www.childtime.com/ http://www.tutortime.com/
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