Every indexed document

which may have larger or controlling ownership interests in such

the Company may lose part or all of any equity investment in such companies.

the Company may suffer a partial or total loss of capital invested in that

resulting in the loss of the Company's entire investment in such company. In

such companies may not have significant or any operating revenues. Such

such companies may have shorter operating histories on which to predict

fees for home-based care are normally substantially lower than

and we expect increased competition from such

the Company faces competition from preschool services and before and after school

including church-affiliated and other non-profit

kindergarten and before and after school programs provided by public schools;

which reduces the funds available for other business purposes such

may restrict the Company from pursuing any of these alternatives.

sell assets or borrow more money. The Company cannot

and meet its other obligations depends on

the leveraged capital structure the Company plans to utilize may significantly

which may involve greater risks than those

whether before the completion of the Offering

there is no assurance that such negotiations will be successful and the

diversion of Company management attention and possible adverse effects