Bright Horizons Family Solutions Announces Combined Company July Results.BOSTON Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. and NASHVILLE, Tenn.--(BUSINESS WIRE)--Aug. 14, 1998--Bright Horizons Family Solutions, 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 July 1998. Revenues for the July period were $17.4 million and net income before merger and integration costs was approximately $418,000. The merger was completed on July 24, 1998. These results reflect the combined results of the separate predecessor companies for the period July 1 through July 24, 1998 and of the Company for the period July 25 through July 31, 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 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 provides workplace services for employers and families, including childcare, early education and strategic worklife consulting. The newly combined company manages 265 family centers, has approximately 8,700 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. CONTACT: Bright Horizons Family Solutions, Inc. Nancy Rosenzweig, 617/577-8020 Diane Huggins Hug·gins , Charles Brenton 1901-1997. Canadian-born American surgeon. He shared a 1966 Nobel Prize for research in hormone treatment for cancer of the prostate. , 615/256-9915 or Mike Hogrefe, 615/256-9915 (Investors) |
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