SOURCE: Nobel Learning Communities, Inc.

Nobel Learning Communities, Inc.

March 23, 2011 08:01 ET

Nobel Learning Communities, Inc. Acquires Five Preschools in DC Metro Area

Acquisition of Preschools Expands Presence in Maryland and Northern Virginia

WEST CHESTER, PA--(Marketwire - March 23, 2011) - Nobel Learning Communities, Inc. (NASDAQ: NLCI), a leading operator of private preschools, elementary and middle schools and K-12 online distance learning, today announced it has acquired five preschools located in Metropolitan Washington, D.C. from Children's Center preschools.

George H. Bernstein, President and CEO of Nobel Learning Communities, said, "We are delighted to add these five preschools to our nationwide network and we welcome their students, parents, teachers and administrators to the Nobel Learning family. By integrating these schools with our existing Maryland and Virginia schools, we will expand and enhance our ability to serve the preschool needs of parents and children in the DC Metro area. This acquisition aligns with our strategy of expanding our curriculum-based preschool business. We expect this acquisition will be accretive to earnings, although only modestly over the remaining three months of Fiscal 2011."

The acquisition, the Company's first since September 2009, includes schools in Olney, Gaithersburg and Germantown, Maryland, and Fairfax and Herndon, Virginia, which were part of a total of 11 preschools owned and operated by Children's Center preschools. Over the next few months the Company intends to rebrand the schools under the Company's Chesterbrook Academy logo. Children's Center preschools will continue to operate the remaining six preschools. Nobel Learning used existing cash resources to fund this acquisition.

About Nobel Learning Communities

Nobel Learning Communities, Inc. is a national network of over 185 nonsectarian private schools, including preschools, elementary schools, and middle schools in 15 states across the nation. In addition, Nobel Learning Communities owns and operates Laurel Springs School, a leading college preparatory K-12 private school offering online and distance learning programs. Nobel Learning Communities provides high quality private education, with small class sizes, caring and skilled teachers, and attention to individual learning styles. Nobel Learning Communities also offers an array of supplemental educational services, including before- and after-school programs, the Camp Zone® summer program, learning support programs, specialty high schools and K-12 online and distance learning programs. For more information on Nobel Learning Communities, please visit www.NobelLearning.com.

Except for historical information contained in this press release, the information in this press release consists of forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include changes in ability to hire and retain qualified personnel, competitive market demand and conditions, ability to find affordable real estate, ability to obtain the capital required to implement plans, government regulations, changes in economic conditions reducing demand or need for private schools, potential negative publicity and defense against such, environmental health conditions, the small number of stockholders with majority ownership, effective financial reporting controls, competitive conditions including tuition price sensitivity, execution of growth and operating strategies, and the acceptance of newly developed and converted schools. Other risks and uncertainties are discussed in the Company's filings with the SEC. These statements are based only on management's knowledge and expectations on the date of this press release. The Company does not intend to update these statements or other information in this press release based on future events or circumstances.
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