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 Edison Schools Commissions RAND to Provide Ongoing Analysis of its School Performance Thursday, July 20, 2000 Edison Schools has commissioned the RAND Corporation to provide an ongoing analysis of its school performance. RAND's evaluation primarily will focus on student achievement but will also examine key elements of Edison's school design: professional development, teacher and principal recruitment, promotion and compensation, and national support systems. RAND'S evaluation also will look at state and local achievement data for all Edison schools to provide an objective analysis of the progress Edison students are making. In addition, RAND will conduct intensive case studies in a number of Edison schools to help explain the achievement results. RAND, an independent nonprofit institution that helps improve policy and decision-making through research and analysis, is headquartered in Santa Monica, California. With a long history of research on educational policy and practice, it is one of the nation's most respected evaluators of comprehensive efforts to improve schools. Several organizations, including unions, have sponsored studies on Edison. In commissioning RAND, a research organization with an unquestionable reputation, the company indicated that the evaluation would enable them and others to have a truly independent look at student achievement data as well as school design issues. The study - which will span the course of three years - will also provide Edison with perspective on how potentially to improve the assessment and achievement planning systems that are vital to school success. 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 May 15, 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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