Edison announces upstate New York expansions Thursday, April 19, 2001 Edison Schools announced 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. 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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