Good news! We're expanding! I'm sure it means a lot of work ahead, but it's a great thing for the company. Don't have time to write more just now, so I'm dropping the press release in below...
Children of America Enters Into An Agreement With Titanium Development Group, Ltd. For The Development Of 300 Childcare Centers In The Midwest
DELRAY BEACH, Fla.—World Wide Child Care Corp. (Pink Sheets: WWCC) announces that its subsidiary Children of America, Inc.(www.childrenofamerica.com), a leading U.S. provider of childcare and after-school programs, has entered into an agreement with Titanium Development Group, Ltd. for the development of 300 child care centers throughout the Midwest.
The announcement was made jointly by Thad Pryor, president and CEO of Children of America, Inc., and David Thornburg, president of Titanium Development Group, Ltd.
"Children of America’s expansion will make high quality childcare available to the families throughout the Midwest," said Pryor. "Based on our research, there is significant demand in this area for our centers and our approach to early childhood education."
Children of America currently operates 15 centers in Virginia and Pennsylvania and will open 32 additional facilities by 2008 in New York, New Jersey, Delaware, Maryland, Michigan, Illinois, Pennsylvania and Virginia. Under this new arrangement Children of America will be able to accelerate its planned opening, with anticipated center openings in Chicago, Indianapolis, Detroit, Milwaukee, Minneapolis and St. Louis.
Titanium Development Group, Ltd. formed in 2006 by David Thornburg and Scott Underwood specializes in development of retail/office projects, hotels, senior housing and residential subdivisions. In addition to developing Children of America child care centers, Titanium has a new hotel development in Washington, Illinois slated to open in late 2007. A new hotel and retail project is slated for Charleston, Illinois in mid 2008. A new retail/office project is being developed in Washington, Illinois and another one is planned for Princeton, Illinois in 2008. The company also has a residential home building division. Scott Underwood has 15 years experience in commercial and residential construction/development. David Thornburg has 20 years experience in banking and business development.
David Thornburg, president and Scott Underwood, vice president, view this agreement has a extremely positive step forward for the future of Titanium. Titanium brings its network and knowledge of the area in identifying potential sites in the designated markets. Children of America analyzes each site based upon numerous factors and criteria to determine the potential a site has as a child care center. To date, through their combined efforts they have identified over 20 sites which Titanium is in the process purchasing. Pryor and Thornburg stated that they hope to be opening 10 centers in 2008 and over 20 in 2009. Pryor was amazed at the potential of the marketplace and opportunity it presents for Children of America. Pryor stated “I am excited to be able to offer these communities our product”.
About Children Of America
Founded in 1999, Children of America is a subsidiary of World Wide Child Care Corp. (WWCC), formerly known as International Child Care Corp. (ICCR).
Contact:
For Children of America, Delray Beach
Michael Sias, 561-391-8717
msias@reevespr.com
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