Edison Schools and Nash-Rocky Mount Schools To End Partnership in Whitakers, NC Wednesday, November 06, 2002 The decision is a mutual one between the Nash-Rocky Mount School District and Edison Schools (NASDAQ: EDSN), the nations leading private manager of public schools. Edison and the Board are in the final stages of negotiations and will work to create a transition plan. Swift Creek Edison Elementary School serves approximately 210 kindergarten through fifth-grade students from Nash-Rocky Mount Schools of North Carolina. The model for Swift Creek incorporates an extended calendar and school day into its program. The school has worked to build a culture of student achievement over the past three years. We are pleased that we have been able to work in partnership with the Nash-Rocky Mount School District over the past three years to serve the students and families of Nash-Rocky Mount, said Chris Cerf, Edison President and COO. While we are proud of our collective effort in Swift Creek, we also must acknowledge that the schools low enrollment and distance from other district schools presented operational challenges at times. From a business perspective, the good news for Edison Schools is that ending this partnership will be beneficial to our financial standing. Cerf continued, We are committed to working closely with the district to assure that there is smooth transition of management at this school. Edison Schools was instrumental in helping us implement a new school model at the Swift Creek School, said Dr. George Norris, Superintendent of Schools. In fact, we will continue to use several aspects of the Edison model, including their SFA Reading program and Everyday Mathematics. Edison also helped us to develop our school improvement plan. We now, however, believe it is in our best interest to reassume full control of the school.
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