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Childs Family Kindergartens achieves Prospectus revenue forecast
Listed child care provider Childs Family Kindergartens Limited (“CFK”) has announced today that it will achieve its Prospectus revenue forecast of $6.1 million for its first quarter of operations ending 30 June 2005, since listing on 4 April 2005.

The child care group also expects to announce that it has exceeded its net profit after tax forecast for the same period, which will be confirmed in its audited figures due for release in August.

Chief Executive Officer of Childs Family Kindergartens, Barrie Childs says this is an impressive result for the company, which is indicative of the successful integration of 37 child care centres.

“This has been implemented very effectively and efficiently, and I believe the strong results reflect the ability of the company’s management to attain their goals.

“The result is particularly impressive in light of the fact that five of the centres did not come onboard until towards the end of the Quarter. This puts the company in a solid position to meet its 30 June 2006 revenue target of $24.5 million and Net Profit After Tax target of $2.35 million.

“Now that the integration phase has been completed, the company is currently negotiating the acquisition of a number of good quality centres, chiefly in the Sydney metropolitan area. This will significantly contribute to our revenue streams and forecasted profit,” Barrie Childs said.

CFK’s existing 37 centres are based in NSW, and since listing the company has concentrated on integrating their operations by centralising training functions, enforcing minimum standards in work practices in excess of regulatory requirements, and streamlining banking functions.

Released for Childs Family Kindergartens by
Dennis Rutzou Public Relations.
For further information please call David Lizzio
or Dennis Rutzou on (02) 9413 4244.

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