EX-99.1 2 nl8159ex991.txt EXHIBIT 99.1 Exhibit 99.1 NOBEL LEARNING COMMUNITIES COMPLETES ACQUISITION OF DISCOVERY ISLE CHILD DEVELOPMENT CENTER, INC. NATIONAL EDUCATION PROVIDER ANNOUNCES THE COMPLETION OF THE ACQUISITION OF PREMIER PRESCHOOL GROUP WITH SIX SCHOOLS IN SAN DIEGO/RIVERSIDE COUNTY, CALIFORNIA WEST CHESTER, Pa., Dec. 4 /PRNewswire-FirstCall/ -- Nobel Learning Communities, Inc. (Nasdaq: NLCI), a leading operator of private preschools, elementary schools and middle schools, today announced it had completed the acquisition of all the outstanding shares of Discovery Isle Child Development Center, Inc. ("Discovery Isle"). Discovery Isle is a leading preschool provider in Southern California, delivering well-rounded educational programs that meet the intellectual, physical, social and emotional needs of each child. Discovery Isle, based in San Diego County, California, operates six preschools in San Marcos, Poway, Murrieta, Carlsbad and Temecula, California. As previously announced, Discovery Isle generated revenue of approximately $10 million for the trailing twelve months ended September 30, 2006. The transaction is expected to be accretive to Nobel Learning's fiscal 2007 full year results. The acquisition purchase price of approximately $12 million will be financed through borrowings under the Company's credit facility. "We are pleased to complete the acquisition of Discovery Isle and add the organization and its people to our family of schools. Both Nobel Learning and Discovery Isle share a commitment to providing a strong curriculum and a nurturing environment for preschool and school age children. We look forward to sharing best practices of both organizations while working side by side, focusing on quality education in the San Diego and Riverside County areas of California. We believe that combining both of our strong educational programs will provide an integrated solution for the preschool through eighth grade educational needs of Southern California families," said George H. Bernstein, President and CEO of Nobel Learning Communities. "We are also very pleased that Cindy W. Bornemann, founder and President of Discovery Isle, along with other key personnel, will become part of Nobel Learning's management team and will continue to provide strong leadership for Discovery Isle's operations and programs. Discovery Isle's parents and students will continue to experience the same high quality programs and curriculum, which will now be supplemented with additional educational and programmatic resources brought by Nobel Learning Communities." Nobel Learning Communities schools are known nationwide for their commitment to quality private education for preschool through eighth grade, through local learning communities that support the educational, enrichment and wellness needs of students and their families. At the preschool level, the company is known for its proprietary Links to Learning curriculum, which provides an integrated approach to early-age learning, and also connects parents to what their children are learning in school. Nobel Learning Communities provides stronger resources than an individual school can provide, including an Education Department and an Educational Advisory Board, led by nationally recognized experts in preschool through eighth grade education. Nobel Learning students traditionally exceed grade level norms on national standardized tests. The West Chester, Pa.-based Company, and many of its schools, are accredited through the Commission on International & Trans-Regional Accreditation (CITA). While Nobel Learning owns and operates 157 schools in 13 states, the organization's schools retain a strong local focus that link communities and parents in order to meet the educational needs of every student. About Nobel Learning Communities Nobel Learning Communities, Inc. is a national network of 157 nonsectarian private schools, including preschools, elementary schools, and middle schools in 13 states across the nation. Nobel Learning Communities provides high quality private education, with small class sizes, caring and skilled teachers, and attention to individual learning styles. Nobel Learning Communities also offers an array of supplemental educational services, including before- and after-school programs, the Camp Zone(R) summer program, learning support programs, and specialty high schools. For more information on Nobel Learning Communities, please visit http://www.NobelLearning.com. NLCI-F SOURCE Nobel Learning Communities, Inc. -0- 12/04/2006 /CONTACT: Dell Jackson, djackson@mghus.com, +1-410-902-5035, for Nobel Learning Communities, or Tom Frank, CFO of Nobel Learning Communities, Tom.Frank@nlcinc.com, +1-484-947-2030/ /Web site: http://www.nobellearning.com/