Bright Horizons Family Solutions Announces August Results.CAMBRIDGE Cambridge, city, Canada Cambridge (kām`brĭj), city (1991 pop. 92,772), S Ont., Canada, on the Grand River, NW of Hamilton. It was formed in 1973 with the amalgamation of Galt, Hespeler, and Preston, all founded in the early 19th cent. , Mass. and NASHVILLE, Tenn.--(BUSINESS WIRE)--Sept. 24, 1998-- Bright Horizons Family Solutions Bright Horizons Family Solutions is a US-based child-care provider and one of the largest publicly held child-care corporations in the world. The result of a merger in 1998 between Massachusetts-based Bright Horizons , Inc. (Nasdaq NM:BFAM BFAM Brother from Another Mother BFAM Bioinformatics for the Analysis of Mammalian Genomes BFAM Budget Formulation & Appropriation Model ) today announced operating results for the month of August 1998. Revenues for the August period were $17.2 million and net income before merger and integration costs was approximately $438,000. The merger between Bright Horizons, Inc. (Nasdaq NM:ABRHZ) and CorporateFamily Solutions (Nasdaq NM:ACFAM) was completed on July 24, 1998. Merger and integration costs will be reflected in the Company's results for the third quarter ending September 30, 1998. Bright Horizons Family Solutions provides workplace services for employers and families, including childcare, early education and strategic worklife consulting. The newly combined company manages 268 family centers, has approximately 8,800 employees and serves more than 31,000 families in 35 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which involve a number of risk and uncertainties. Bright Horizons Family Solutions' actual results may vary significantly from the results anticipated in these forward-looking statements as a result of factors that are discussed in the Company's filings with the Securities and Exchange Commission, including the Registration Statement on Form S-4 dated June 17, 1998. |
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