Edison Announces Upstate New York Expansions

An Additional 350 to 500 Students to Attend Two Schools In

Albany and Rochester



Apr 19, 2001, 01:00 ET from Edison Schools Inc.

    NEW YORK, April 19 /PRNewswire/ -- Edison Schools Inc. (Nasdaq:   EDSN), the
 nation's leading private operator of public schools, announced today that
 expansions are underway in two upstate New York cities, Albany and Rochester.
 A new, larger facility is under construction for Albany's New Covenant Charter
 School which would allow for increased enrollment as well as the addition of
 one grade to the current K-6 program.  This fall the company will also begin a
 four-year expansion program of the Charter School of Science and Technology in
 Rochester, adding one grade per year to its current K-8 program.  The combined
 enrollment of the two sites will increase from 1,200 students this year to
 serving between 1,550-1,700 students in the coming year.  New FY02 revenues
 due to these two expansions will be approximately $3 million per year for the
 company.
     "We are pleased with our growing presence in New York State and our
 ability to offer excellent education to more students," said Chris Whittle,
 Edison's CEO.  "With these expansions and the recently announced opening of
 two new schools in Buffalo, Edison now has a presence in three of the top four
 metropolitan areas in Upstate New York."
     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.
 
 

SOURCE Edison Schools Inc.
    NEW YORK, April 19 /PRNewswire/ -- Edison Schools Inc. (Nasdaq:   EDSN), the
 nation's leading private operator of public schools, announced today that
 expansions are underway in two upstate New York cities, Albany and Rochester.
 A new, larger facility is under construction for Albany's New Covenant Charter
 School which would allow for increased enrollment as well as the addition of
 one grade to the current K-6 program.  This fall the company will also begin a
 four-year expansion program of the Charter School of Science and Technology in
 Rochester, adding one grade per year to its current K-8 program.  The combined
 enrollment of the two sites will increase from 1,200 students this year to
 serving between 1,550-1,700 students in the coming year.  New FY02 revenues
 due to these two expansions will be approximately $3 million per year for the
 company.
     "We are pleased with our growing presence in New York State and our
 ability to offer excellent education to more students," said Chris Whittle,
 Edison's CEO.  "With these expansions and the recently announced opening of
 two new schools in Buffalo, Edison now has a presence in three of the top four
 metropolitan areas in Upstate New York."
     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.
 
 SOURCE  Edison Schools Inc.