Sylvan Learning Systems Named Franchisor of the Year.
AAFD Recognizes Sylvan for Excellent Franchisee Relationships
Sylvan Learning Systems, Inc. (NASDAQ: SLVN) today announced that it has been named Franchisor of the Year by the American Association of Franchisees & Dealers (AAFD).
The AAFD annually singles out one franchisor for outstanding citizenship within the franchising community. According to AAFD Chair, Bob Purvin, "Although several factors are considered including the overall performance of the company, the most significant criteria concern the efforts of the award recipient to build positive relationships with its franchisees."
Peter J. Cohen, president of the Sylvan Learning Centers division of Sylvan Learning Systems, Inc., added, "This AAFD honor is very meaningful because it recognizes our productive, communicative partnerships with our franchisees. We believe this has been a significant factor in the expansion of our franchised tutoring and English language training centers across North America, and now in Europe. We remain committed to maintaining this kind of franchisee relationship as our network continues to expand around the world."
In addition to its presence in North America, Sylvan has established a strong foothold internationally. The company's Wall Street Institute subsidiary is the leading franchisor of English as a Second Language instruction services in Europe.
Also, the network of Sylvan tutoring centers in Spain currently has 12 centers in operation throughout Barcelona and Madrid, with 100 centers expected to be open by December 1999. Sylvan's Schulerhilfe subsidiary has 900 tutoring sites throughout Germany, Austria, Italy and France.
Sylvan is a recipient of the coveted AAFD's Fair Franchising Seal, which recognizes franchising practices which "embody equity, fairness and service to its franchisees." In order for a franchisor to receive this award, its franchise owners must endorse and nominate it.
Expressing the support of Sylvan's franchisees, Barry Miller, president of the Sylvan Learning Systems Franchise Owners Association (SLSFOA), said, "In 1991, Doug Becker, Sylvan's president and co-CEO, joined with the SLSFOA to create a different kind of franchise relationship, where franchisees would participate with management to work toward mutual goals. Since that time, Sylvan's tutoring business has grown dramatically, and Sylvan is fast becoming one of the best and most successful franchises."
Also recently, Sylvan was rated as the No.2 best franchise in America by Success magazine in its Annual Franchise Gold 100, published in November 1998.
Sylvan Learning Systems, Inc. is the leading provider of educational services to families, schools and industry.
The company provides lifelong educational services through four divisions: The Sylvan Prometric division delivers computer-based testing for academic admissions, Information Technology and professional certification programs; the Sylvan Learning Centers division provides personalized instructional services to students of all ages and skill levels; the Sylvan Contract Educational Services division provides supplemental education, teacher professional development and consulting services under contract to large urban school districts; and PACE provides performance-based consulting, skills and knowledge development and contracted training services to corporate and government organizations.
Sylvan subsidiaries include the Canter Group, which produces training, development and graduate degree programs for teachers, and Wall Street Institute and ASPECT, which deliver English language instruction to adult professionals and college students.
Through its affiliate, Caliber Learning Network, Inc., Sylvan has the ability to distribute world-class adult professional education and training programs. Sylvan's services are delivered through its network of more than 3,000 educational and testing centers around the globe.
This release may include information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements.
Factors that could cause or contribute to such differences include those matters disclosed in the Company's Security and Exchange Commission filings.
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|Date:||Mar 30, 1999|
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