Printer Friendly

ROCKING HORSE CHILD CARE CENTERS OF AMERICA ANNOUNCES NAME CHANGE

 CHERRY HILL, N.J., June 14 /PRNewswire/ -- Rocking Horse Child Care Centers announces name change to Nobel Education Dynamics, Inc.
 The company is currently listed on the Electronic Bulletin Board under the symbol "NEDI".
 On June 3, 1993, the shareholders overwhelmingly approved the change in the name of the company from The Rocking Horse Child Care Centers of America, Inc. to Nobel Education Dynamics, Inc. The name change signifies a change in the structure of the company to reflect a new multifaceted growth strategy and an expanded mission.
 The company was incorporated in 1982 under the name The Rocking Horse Child Care Centers of America, Inc., and until October 1989, the business of the company was the operation of child care centers. In October 1989, the company acquired Merryhill Country Schools which is a private school system from preschool up to the eighth grade. In 1992, the revenues from the 29 Merryhill schools were approximately 40 percent of the total revenue of the company. The "educational" segment of the company is thus a major component of the company's revenues. In addition, the company is also researching the feasibility of marketing and distributing state-of-the-art educational products and services to schools and parents nationwide to expand its "educational presence."
 The consumer market for child care is estimated at $12 billion, while the consumer market for educational products is estimated at $50 billion. "Education" has been promoted by investment sources as the "market of the 90s."
 The company said it believes the name change better represents the company's expanded mission. The name change also signals to the investment community that the company is a player in the markets of the 90s, education and child care.
 The company said it intends to continue to be a leader in child care. Rocking Horse Child Care Centers will be a division of Nobel Education Dynamics, Inc. Merryhill Country Schools will also be a division of Nobel Education Dynamics, Inc. Both Rocking Horse and Merryhill are being expanded through the development of additional centers and schools.
 /delval/
 -0- 6/14/93
 /CONTACT: A.J. Clegg, chairman, 215-644-5900, or F.E. Montgomery, president, 609-482-9100, both of The Rocking Horse Child Care Centers of America/
 (NEDI)


CO: The Rocking Horse Child Care Centers of America, Inc.; Nobel
 Education Dynamics, Inc. ST: New Jersey IN: SU: RCN


MP-MK -- PH009 -- 1549 06/14/93 10:43 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 14, 1993
Words:396
Previous Article:UNITED AIRLINES ANNOUNCES BONUS MILES AND AUTO UPGRADES ON THE UNITED SHUTTLE BETWEEN SAN FRANCISCO AND LOS ANGELES
Next Article:PE SELLS $92.7 MILLION OF PREFERRED STOCK
Topics:


Related Articles
THE ROCKING HORSE CHILD CARE CENTERS OF AMERICA ISSUES ANNOUNCEMENT
ROCKING HORSE CHILD CARE CENTERS OF AMERICA ANNOUNCES RESULTS
CHILDREN'S DISCOVERY CENTERS COMPLETES ACQUISITIONS
NOBEL EDUCATION DYNAMICS, INC. ANNOUNCES RELISTING ON NASDAQ SMALLCAP MARKET
12 KIDS ON KAMPUS CHILD CARE CENTER LICENSES PLACED ON PROBATION BY STATE SOCIAL SERVICES
NOBEL EDUCATION DYNAMICS ANNOUNCES OPENING OF TWO NEW CENTERS IN NORTH CAROLINA AND ILLINOIS
CHILDREN'S DISCOVERY CENTERS ANNOUNCES FOURTH QUARTER AND FULL YEAR REVENUES AND EARNINGS
NOBEL EDUCATION DYNAMICS ANNOUNCES EARNINGS
NOBEL EDUCATION DYNAMICS, INC. ANNOUNCES ANOTHER EXPANSION OF ITS SCHOOL SYSTEM
CHILDREN'S DISCOVERY CENTERS ANNOUNCES TRANSACTION WITH PRODIGY CONSULTING

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters