Aspen News - Aspen Education Group acquires Cedars Academy in Delaware

ASPEN EDUCATION GROUP ACQUIRES CEDARS ACADEMY IN DELAWARE

11/04/03

Contact Elliot A. Sainer, C.E.O., Aspen Education Group

Boarding School Is First in Aspen's Expanding Network To Focus Exclusively on Students with ADD or ADHD

(CERRITOS, CA – November 4, 2003) - Aspen Education Group has today announced the acquisition of Cedars Academy in Delaware, a boarding school for students with Attention Deficit Disorder (ADD) or Attention Deficit Hyperactivity Disorder (ADHD).

Located in Bridgeport, the students, ages 10-18, enrolled in Cedars Academy are of average to above-average intellectual capacity but are not succeeding in other educational settings, usually because of their attention, focusing or sequencing problems. Since 1989 the academy has been providing these students with the intimate, process-oriented, structured approach to learning that they need to properly prepare for college and later life.

"We are very pleased to have Cedars Academy join our family of residential schools," said Elliot Sainer, CEO of Aspen Education group. "As the first residential school in Aspen that is exclusively focused on assisting students with ADD/ADHD, Cedars adds another important piece to our continuum of services for underachieving students."

Concurrent with the acquisition, Sainer announced that the former co-owner of Cedars Academy, Mary Margaret Pauer, would now move into the role as executive director of the school.

The acquisition of Cedars Academy marks the second significant announcement to come from Aspen within the past 30 days. Last month, Sainer announced that his organization had acquired Explorations Inc., a family of Montana-based programs that utilize imaginative outdoor, travel and living experiences to help positively change the lives of young people who are experiencing trouble at home or in school. Aspen Education Group is the nation's leader in providing educational opportunities that improve the quality of life for troubled children, teenagers and young adults and their families. Recognizing that every individual is different and challenged by different needs, Aspen has assembled a wide diversity of programs, settings and solutions so as to be able to uniquely match the youth's needs with the right learning environment. Its 48 programs in 12 states range from long-term residential treatment to community-based outpatient services and include a variety of therapeutic interventions including boarding schools, special education day schools, outdoor therapy and wilderness intervention programs. While each Aspen program operates independently, participants in any of Aspen's curriculum benefit from the experience and depth of understanding that comes from helping tens of thousands of youths over the past two decades.

Further information on Aspen may be obtained at www.aspeneducation.com or by calling (888) 972-7736.