Results for “National Commission on Fiscal Responsibility and Reform”

and our non-GAAP measures do not reflect cash

and we are likely to incur significant integration costs in future

limiting their usefulness as a comparative measure; and

see our consolidated financial statements and the notes to those statements

which involve risks and uncertainties. You can

and likely will seek to register additional marks in the future.

""Children's Discovery Centers"" and ""Medallion School Partnerships.""

its schoolhouse logo and a number of other names

which generated $1.48 billion in pro forma revenue and $150 million in pro forma Adjusted

is projected to grow organically to $2.3 billion and $320 million by 2011

which continues to deliver top line growth in excess of 25% and has seen its

rolled out and refined over many years and provides a significant competitive advantage in an industry where small independent players do not have the resources to develop comparable programs. — Operational leverage allows for enhanced marketing

writing and math skills. The passing of legislation such as the ""No Child Left Behind Act of 2001"" which

extension of the offering into new states and schools is expected to be achieved at relatively low costs. — k12 benefits from stable demand for its curriculum and services which is reflected by current reenrollment rates of 65% to 70%. — Many of the direct costs are semi-fixe...

Founder and acting CEO Ron Packard has extensive experience in the K-12 education