LZYE GROUP PLC 
By 22 October 2012
LZYE Group Plc ("LZYE" or the "Company")
LZYE OPENS FOURTH CREATIVE LEARNING CENTRE IN HONG KONG
LZYE Group, the AIM listed club-based children's educational programmes provider, has opened its fourth Creative Learning centre in Hong Kong. Based in Tin Hau, one of Hong Kong's busiest districts, the 1,700 sq ft Centre has 4staff and currently caters for 180 members. At this level it is expected to generate a monthly income of HKD150,000. The Group intends to increase the capacity to 520 members by March 2014, at which point revenue is expected to be HKD400,000, with no extra staff required.
This opening follows hard on the heels of LZYE's acquisition, last month, of its first set up in mainland China. These steps are in line with the Group's declared policy of strengthening its Hong Kong offering whilst expanding further into mainland China.
Says LZYE Group CEO Michelle Lai: 'The Tin Hau Centre complements our existing Hong Kong Centres, offering the same range of innovative and stimulating programmes for children. We have spent HKD800,000 on renovating its four classrooms to top quality standards.
'It gives us an even better geographic spread and we anticipate that, due to its prominent high footfall location, the Centre will very quickly begin generating healthy revenue.'
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For further information:
LZYE Group Plc Tel: +44(0)20 7653 9850
Dominic Yeung, Chairman
Michelle Lai, Chief Executive
Robert Goddard, Non-executive Director
Zeus Capital (NOMAD and broker)
Ross Andrews, Andrew Jones- Corporate Finance Tel +44 (0)161 831 1512
John Goold - Institutional Sales 020 7016 8925
Newgate Threadneedle
Graham Herring/Alex White/ Heather Armstrong Tel: (0)20 7653 9850
About LZYE Group
Founded in 2006, LZYE operates currently from three Centres in Hong Kong and offers more than 500 classes a week. Over 2,000 children, aged between 6 months and 12 years old attend the courses held at its purpose-designed Centres on a regular monthly basis. The programmes devised by the Group are strategic alliances and operating arrangements with reputable overseas education service providers, such as Misulo, the Oxford University Press (China), Daekyo Hong Kong and a provider of Gakken courses. Subjects range from languages, maths and science to theatre, music and dance and they are designed to complement formal education provided by traditional schools.
Misulo - a unique multi-intelligence programme that captures children's attention through creative learning.
Artz Mania - inspired by the renowned arts and crafts company Crayola and their Dreammakers programme.
Music Republic - which helps children appreciate different types of music - from workbook theory to instrument training.
Rainbow Playgroup - all-round positive learning environment for young children teaching everything from physical education to maths, English, and the arts.
New English - a range of programmes designed to develop native conversational skills and develop confidence.
This information is provided by RNS
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