Edison Schools Names Keeney as Head of Charter Schools Division; Keeney to Lead Robust Charter School Channel

Oct 15, 2002, 01:00 ET from Edison Schools

    NEW YORK, Oct. 15 /PRNewswire-FirstCall/ -- Edison Schools (Nasdaq:   EDSN),
 the nation's largest private manager of public schools, promoted Joe Keeney to
 president of Edison Charter Schools.  Since joining the company in 1997,
 Keeney has managed Edison's development of the nation's largest network of
 public charter schools -- serving approximately 24,000 students in 53 schools
 in 14 states.  Edison charter schools now generate approximately $200 million
 in annual revenue.
     Working in partnership with independent charter school boards, Edison has
 consistently delivered superior student achievement results in its charter
 schools.  Independent charter schools typically are brand new schools that
 provide an option for educational choice, and serve many students who may not
 have been successful in their previous school.
     "We are on the front lines of the battle to close the achievement gap by
 providing a world class educational option to all students," Keeney said.
 "Our clients -- who include parents, teachers, university administrators and
 professors, business leaders, ministers, philanthropists, and community
 service organizations -- and their charter authorizers represent the best of
 the school reform movement."
     "Joe's leadership has been instrumental in making every one of Edison's
 charter schools successful," Chris Whittle, Edison's Chief Executive Officer,
 said.  "His sense of mission bridges across the complex educational,
 operational, and financial challenges of making charter schools work for
 children."
     From 1995-1997 Joe was president and chief operating officer of The
 Warnaco Group Inc.'s GJM division, and from 1990-1995 he was based in Hong
 Kong with GJM in a variety of positions including general manager and group
 chief financial officer.  At GJM Joe directed all global sourcing activities
 and built an owned manufacturing capability with over 4,000 employees in
 10 countries.  From 1986-1990 he was a corporate strategy consultant with The
 LEK Partnership in London and Boston.  Joe has a BA in economics from Columbia
 College and an MBA with high distinction from Harvard Business School, where
 he was elected a Baker Scholar and received the Macy Scholarship and the
 Uhlmann Award.  He is presently a doctoral candidate in educational leadership
 at Teachers College, Columbia University.
 
     About Edison
     Edison Schools manages 150 public schools with a total enrollment of
 approximately 80,000 students. Through contracts with local school districts
 and public charter school boards, Edison generally assumes educational and
 operational responsibility for individual schools in return for funding that
 is comparable to that spent on other public schools in the area.  Over the
 course of three years of intensive research, Edison's team of leading
 educators and scholars developed an innovative, research-based curriculum and
 school design. Edison opened its first four schools in August 1995, and has
 grown rapidly in every subsequent year. For more information, please visit
 http://www.edisonschools.com.
 
     Any statements in this press release and any other press release issued by
 Edison on or about the date hereof about future expectations, plans and
 prospects for Edison, including statements containing the words "believes,"
 "anticipates," "plans," "expects," "will," and similar expressions, constitute
 forward-looking statements within the meaning of The Private Securities
 Litigation Reform Act of 1995.  Actual results may differ materially from
 those indicated by such forward-looking statements as a result of various
 important factors, including the risk factors discussed in our most recent
 quarterly report filed with the SEC, and other factors such as, among other
 things, the possibility that: (1) Edison, its independent auditors and/or the
 SEC may identify additional items that materially and adversely affect
 Edison's financial results; (2) the financing discussed separately by Edison
 today may not be consummated; and (3) the events relating to the informal SEC
 inquiry or its settlement  may result in defaults under Edison's material
 agreements or give rise to costly and protracted litigation against Edison.
 The forward-looking statements included in this press release represent
 Edison's estimates as of October 15, 2002.  Edison anticipates that subsequent
 events and developments will cause its estimates to change.  While Edison may
 elect to update these forward-looking statements at some point in the future,
 Edison specifically disclaims any obligation to do so. These forward-looking
 statements should not be relied upon as representing Edison's estimates or
 views as of any date subsequent to October 15, 2002.
 
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SOURCE Edison Schools
    NEW YORK, Oct. 15 /PRNewswire-FirstCall/ -- Edison Schools (Nasdaq:   EDSN),
 the nation's largest private manager of public schools, promoted Joe Keeney to
 president of Edison Charter Schools.  Since joining the company in 1997,
 Keeney has managed Edison's development of the nation's largest network of
 public charter schools -- serving approximately 24,000 students in 53 schools
 in 14 states.  Edison charter schools now generate approximately $200 million
 in annual revenue.
     Working in partnership with independent charter school boards, Edison has
 consistently delivered superior student achievement results in its charter
 schools.  Independent charter schools typically are brand new schools that
 provide an option for educational choice, and serve many students who may not
 have been successful in their previous school.
     "We are on the front lines of the battle to close the achievement gap by
 providing a world class educational option to all students," Keeney said.
 "Our clients -- who include parents, teachers, university administrators and
 professors, business leaders, ministers, philanthropists, and community
 service organizations -- and their charter authorizers represent the best of
 the school reform movement."
     "Joe's leadership has been instrumental in making every one of Edison's
 charter schools successful," Chris Whittle, Edison's Chief Executive Officer,
 said.  "His sense of mission bridges across the complex educational,
 operational, and financial challenges of making charter schools work for
 children."
     From 1995-1997 Joe was president and chief operating officer of The
 Warnaco Group Inc.'s GJM division, and from 1990-1995 he was based in Hong
 Kong with GJM in a variety of positions including general manager and group
 chief financial officer.  At GJM Joe directed all global sourcing activities
 and built an owned manufacturing capability with over 4,000 employees in
 10 countries.  From 1986-1990 he was a corporate strategy consultant with The
 LEK Partnership in London and Boston.  Joe has a BA in economics from Columbia
 College and an MBA with high distinction from Harvard Business School, where
 he was elected a Baker Scholar and received the Macy Scholarship and the
 Uhlmann Award.  He is presently a doctoral candidate in educational leadership
 at Teachers College, Columbia University.
 
     About Edison
     Edison Schools manages 150 public schools with a total enrollment of
 approximately 80,000 students. Through contracts with local school districts
 and public charter school boards, Edison generally assumes educational and
 operational responsibility for individual schools in return for funding that
 is comparable to that spent on other public schools in the area.  Over the
 course of three years of intensive research, Edison's team of leading
 educators and scholars developed an innovative, research-based curriculum and
 school design. Edison opened its first four schools in August 1995, and has
 grown rapidly in every subsequent year. For more information, please visit
 http://www.edisonschools.com.
 
     Any statements in this press release and any other press release issued by
 Edison on or about the date hereof about future expectations, plans and
 prospects for Edison, including statements containing the words "believes,"
 "anticipates," "plans," "expects," "will," and similar expressions, constitute
 forward-looking statements within the meaning of The Private Securities
 Litigation Reform Act of 1995.  Actual results may differ materially from
 those indicated by such forward-looking statements as a result of various
 important factors, including the risk factors discussed in our most recent
 quarterly report filed with the SEC, and other factors such as, among other
 things, the possibility that: (1) Edison, its independent auditors and/or the
 SEC may identify additional items that materially and adversely affect
 Edison's financial results; (2) the financing discussed separately by Edison
 today may not be consummated; and (3) the events relating to the informal SEC
 inquiry or its settlement  may result in defaults under Edison's material
 agreements or give rise to costly and protracted litigation against Edison.
 The forward-looking statements included in this press release represent
 Edison's estimates as of October 15, 2002.  Edison anticipates that subsequent
 events and developments will cause its estimates to change.  While Edison may
 elect to update these forward-looking statements at some point in the future,
 Edison specifically disclaims any obligation to do so. These forward-looking
 statements should not be relied upon as representing Edison's estimates or
 views as of any date subsequent to October 15, 2002.
 
                      Make Your Opinion Count - Click Here
                http://tbutton.prnewswire.com/prn/11690X67877732
 
 SOURCE  Edison Schools