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 Edison Schools and Boys & Girls Clubs of America Enter Into Partnership Monday, February 12, 2001 Edison announced that it is entering into an agreement with Boys & Girls Clubs of America to provide expanded before and after-school programs for students and families at five of its schools across the country. Funding for the pilot program will be raised from philanthropic sources. The goal of this project is to institute and operate full service Boys & Girls Clubs pilot sites for a period of three years at five Edison schools. The Clubs will offer before and after-school programs throughout the academic year. Project Learn, one of the programs, reinforces and enhances the skills and knowledge that young people learn at school through "high-yield" learning activities. The five pilot sites are being developed in the hope that they will serve as models to be replicated at Edison's schools nationwide. 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 November 14, 2000 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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