Edison Announces Additional School Expansions in Michigan; To Add Approximately 400 Students in Inkster and Battle Creek

Apr 23, 2001, 01:00 ET from Edison Schools Inc.

    NEW YORK, April 23 /PRNewswire Interactive News Release/ --
 Edison Schools Inc.(Nasdaq: EDSN), the nation's leading private operator of
 public schools, announced today that it will expand its relationship with both
 the Inkster School District and Battle Creek School District.
     In the fall of 2001, the Inkster School District will open its doors to
 300 additional students.  Also, Southwestern Middle School, an Edison school
 in Battle Creek, Michigan, will be expanded to serve an additional
 100 students and will become a stand alone Edison Junior Academy serving
 grades 6, 7 and 8.  These expansions represent approximately $2.7 million per
 year in new revenues for Edison.
     Edison began managing the entire Inkster School District this past fall.
 Edison began managing two schools in Battle Creek in the fall of 1998.  With
 the addition of a school the following year, the company now manages three
 schools in Battle Creek.
     Chris Whittle, President and CEO of Edison said:  "Inkster was our first
 foray into managing an entire district and we are extremely pleased with the
 results thus far."  Whittle also said:  "We are thrilled to have the
 opportunity to offer an excellent education to even more students in Inkster
 and Battle Creek.  These expansions are very important to us, and we look
 forward to continuing our positive working relationship with both the Inkster
 School Board and the Battle Creek School Board."
     Edison recently announced that it has begun renovations on a new
 1,250 student facility for a middle and high school complex in Detroit,
 Michigan.  It has also started work to expand the capacity of an existing
 840 student, K-5 facility in Detroit by 240 students.  These sites are
 expected to open in the fall.
     Edison Schools currently manages 113 public schools with a total
 enrollment of approximately 57,000 students.  Through contracts with local
 school districts and public charter school boards, Edison assumes educational
 and operational responsibility for individual schools in return for per-pupil
 funding that is generally 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.
     Except for the historical information contained in this announcement, the
 matters discussed are forward looking statements (as that term is used in the
 Private Securities Litigation Reform Act of 1995) that involve risks and
 uncertainties, including risks detailed from time to time in Edison's filings
 with the Securities and Exchange Commission.  In particular, Edison calls to
 the reader's attention the risk factors described in its Quarterly Report on
 Form 10-Q dated February 14, 2001 under the heading Additional Risk Factors
 That May Affect Future Results.  Any such forward-looking statements speak
 only as of the date such statements are made, and Edison undertakes no
 obligations to publicly release the results of any revision to these
 forward-looking statements or otherwise update or supplement this announcement
 or risk factors contained herein.
 
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SOURCE Edison Schools Inc.
    NEW YORK, April 23 /PRNewswire Interactive News Release/ --
 Edison Schools Inc.(Nasdaq: EDSN), the nation's leading private operator of
 public schools, announced today that it will expand its relationship with both
 the Inkster School District and Battle Creek School District.
     In the fall of 2001, the Inkster School District will open its doors to
 300 additional students.  Also, Southwestern Middle School, an Edison school
 in Battle Creek, Michigan, will be expanded to serve an additional
 100 students and will become a stand alone Edison Junior Academy serving
 grades 6, 7 and 8.  These expansions represent approximately $2.7 million per
 year in new revenues for Edison.
     Edison began managing the entire Inkster School District this past fall.
 Edison began managing two schools in Battle Creek in the fall of 1998.  With
 the addition of a school the following year, the company now manages three
 schools in Battle Creek.
     Chris Whittle, President and CEO of Edison said:  "Inkster was our first
 foray into managing an entire district and we are extremely pleased with the
 results thus far."  Whittle also said:  "We are thrilled to have the
 opportunity to offer an excellent education to even more students in Inkster
 and Battle Creek.  These expansions are very important to us, and we look
 forward to continuing our positive working relationship with both the Inkster
 School Board and the Battle Creek School Board."
     Edison recently announced that it has begun renovations on a new
 1,250 student facility for a middle and high school complex in Detroit,
 Michigan.  It has also started work to expand the capacity of an existing
 840 student, K-5 facility in Detroit by 240 students.  These sites are
 expected to open in the fall.
     Edison Schools currently manages 113 public schools with a total
 enrollment of approximately 57,000 students.  Through contracts with local
 school districts and public charter school boards, Edison assumes educational
 and operational responsibility for individual schools in return for per-pupil
 funding that is generally 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.
     Except for the historical information contained in this announcement, the
 matters discussed are forward looking statements (as that term is used in the
 Private Securities Litigation Reform Act of 1995) that involve risks and
 uncertainties, including risks detailed from time to time in Edison's filings
 with the Securities and Exchange Commission.  In particular, Edison calls to
 the reader's attention the risk factors described in its Quarterly Report on
 Form 10-Q dated February 14, 2001 under the heading Additional Risk Factors
 That May Affect Future Results.  Any such forward-looking statements speak
 only as of the date such statements are made, and Edison undertakes no
 obligations to publicly release the results of any revision to these
 forward-looking statements or otherwise update or supplement this announcement
 or risk factors contained herein.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X18785216
 
 SOURCE  Edison Schools Inc.