Lpa Holding Corp, et al. – ‘8-K’ for 7/21/99 – EX-99.1

On:  Tuesday, 12/7/99   ·   For:  7/21/99   ·   Accession #:  950137-99-4398   ·   File #s:  33-61236, 333-56239-01, -02

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                        32    105K 
 2: EX-2.1      Agreement and Plan of Merger Dated 6/30/99            47    165K 
 3: EX-23.1     Consent of Ernst & Young LLP                           1      5K 
 4: EX-99.1     Press Release Dated 7/21/99                            2      8K 

EX-99.1   —   Press Release Dated 7/21/99

EX-99.1
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                                                                    EXHIBIT 99.1

For Immediate Release                                 CONTACT:  Sean Wheeler    
July 21, 1999                                              816-960-3116         
                                                  816-270-7326

 LA PETITE ACADEMY, INC. ACQUIRES BRIGHT START, INC.

Overland Park, Kan. - La Petite Academy, Inc., the nation's   
second-largest provider of early childhood education, announced today it        
acquired Bright Start, Inc., which operates 44 child care/preschool facilities  
in four states.                                                                 

    La Petite acquired all the outstanding Bright Start stock for $9.3
million, and assumed approximately $2 million in debt. The transaction, which   
closed July 21, allows La Petite Academy to increase its presence in Nevada and 
New Mexico and create new markets in Minnesota and Wisconsin.                   

         "La Petite Academy has developed a strong reputation of preparing young
children for a lifetime of learning," says Jim Kahl, chairman, chief executive  
officer and president of La Petite. "Today, we build on that foundation with the
addition of Bright Start preschool facilities. We believe that Bright Start's   
core purpose of integrating education into child care fits perfectly with our   
company objectives and will enhance our ability to provide value-added programs 
to more families across America."                                               

      Bright Start has flourished during the past four years with revenues
increasing from $10.7 million in 1995 to $22.2 million in 1998, an increase of  
107 percent.                                                                    

         "Bright Start obviously has a great track record of success and that is
why it was such an attraction to us," Kahl said. "The company has not only shown
outstanding growth, but also strong profitability. This acquisition creates the 
ability to extend our mission of providing early                                

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childhood education to many more children."                                     

    With the acquisition of Bright Start, La Petite owns 20 schools in
Minnesota and Wisconsin, and will add nine in Nevada and 17 in New Mexico to La 
Petite's existing operations. La Petite anticipates a smooth transition for     
staff, parents and children as both companies rely on utilizing strong field    
management support combined with the strength of La Petite's existing corporate 
office in Overland Park, Kan. One of Bright Start's strengths is the expertise  
and service capabilities of its staff.                                          

       "We will operate with as little change as possible this coming school
year to assure the historic success Bright Start has experienced in serving     
parents remains intact," says Kahl. "Our time will be spent understanding Bright
Start's systems and processes to see what can be learned from each educational  
program to provide parents and children even better service."                   

   The first La Petite Academy opened in Illinois in 1970. La Petite
Academy, with headquarters in Overland Park, Kan., is the nation's              
second-largest provider of early childhood education. With the acquisition of   
Bright Start, La Petite Academy, Inc. operates more than 800 school in 36 states
and the District of Columbia.                                                   

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