Chancellor Academies and J.L. Hammett Announce Strategic Relationship to Furnish and Supply Schools.News & Business Editors/Education Writers MIAMI--(BUSINESS WIRE)--July 26, 2001 Chancellor Academies, Inc., a rapidly growing national firm that operates high-performance charter and private schools, and J.L. Hammett Co., one of the nation's oldest school suppliers, today announced they have entered into a strategic partnership for J.L. Hammett to become the primary provider of furniture, fixtures and equipment Furniture, fixtures and equipment (or FF&E) is an accounting term used in valuing, selling, or liquidating a company or a building. FF&E are movable furniture, fixtures or other equipment that have no permanent connection to the structure of a building or utilities. in all Chancellor Academies' schools. The partnership calls for J.L. Hammett Co., with 138 years of experience in the school supply business, to provide turnkey See turnkey system. coordination of the purchase and installation of furniture and equipment at each Chancellor school site. Chancellor Academies (http://www.chancelloracademies.com) will add approximately 5,000 new students in Florida, Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). and Washington, D.C. to its existing base of 5,000 students when schools open this fall. "In order to ensure a smooth opening of 20 new schools, we decided to partner with a trusted company with a long, successful track record in identifying, delivering and installing quality furnishings furnishings the extra type or quantity of hair on the head, tail, ears or legs, specified for a particular breed. For example, the feathers in setters, the beard in Bearded collies, the eyebrows in Schnauzers. and equipment for our students and teachers," said John J-H Kim, Chief Executive Officer, Chancellor Academies, Inc. "J.L. Hammett Co., with their online capabilities and their dedicated team, is the right partner for us," he added. J.L. Hammett Co. is the recognized leader in educational e-commerce. The school supplier reproduces all of its catalogs and flyers online with "click to buy" capabilities. Chancellor Academies' educators and administrators will also have the opportunity to take advantage of eZone, the leading e-procurement tool specifically designed for today's educators. J.L. Hammett Co.'s web site, http://www.hammett.com boasts more than 2 million hits a month. "We are happy to be able to establish this relationship with Chancellor Academies, an exciting organization that is creating educational opportunities for children across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . We look forward to a long and successful partnership with Chancellor," said Rick Holden Richard William "Rick" Holden (born September 9 1964 in Skipton, North Yorkshire) is a former professional footballer. He played for six clubs in a decade-long career. He moved into management after retiring. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of J.L. Hammett Company. In addition to furnishings and equipment, the J.L. Hammett Company will provide non-textbook and supplemental materials to Chancellor teachers and parents online and through its nationwide chain of stores. "We have the best online ordering system, bar none," Holden Holden, town (1990 pop. 14,628), Worcester co., central Mass., a residential suburb of Worcester; settled 1723, set off and inc. 1741. Manufactures include electrical and metal products, plastics, and machinery. said. "Coupled with our retail stores around the country, and five stores in the Arizona market alone, where Chancellor will have a considerable presence this fall, J.L. Hammett Co. is able to satisfy teachers' needs and parents' curiosity," he added. About Chancellor Academies Chancellor Academies, Inc., is a leading manager of high-quality, public charter schools and independent private schools from pre-kindergarten through grade 12 in Florida, Arizona, Virginia and Washington, D. C. Based in Coconut Grove, Florida, Chancellor Academies, Inc., has developed a competency-based curriculum that integrates basic skills with creative thinking and delivers technologically advanced instruction in a small class size setting. Chancellor Academies' major investor is Warburg Pincus Warburg Pincus is a private equity firm with offices in the United States, Europe and Asia. It has been a leading private equity investor since 1971. The firm currently has approximately $14 billion under management, and invests in a range of industries including information and Ventures, one of the largest investment firms in the country. About J. L. Hammett Company Headquartered in Braintree, Mass., J.L. Hammett Co. is the oldest and largest independent school supplier in the nation. Since 1863, J.L. Hammett Co. has supplied public and private educational institutions with a complete range of core supplies including art materials Techniques and materials related to art: Traditional techniques:
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