×

Brain Balance Achievement Centers Receives Equity Funding to Open New Centers

JERSEY CITY, N.J., May 1, 2013 (GLOBE NEWSWIRE) -- Brain Balance Achievement Centers, a nationwide franchise network of specialized achievement centers for children with behavior and learning issues, announced that it has received an equity investment from Crane Street Capital LLC ("Crane Street"). The capital will be used to facilitate growth in its franchise operations and to selectively open corporate sites in key markets where there is currently limited franchise coverage.

"We are honored to receive validation of the Brain Balance concept by such an experienced outside investor and look forward to continuing to develop and expand the Brain Balance Program to address more children in need," said William Fowler, Brain Balance CEO & Co-founder. "The investment will help our company work towards achieving its long term growth plans."

The newly formed partnership with Crane Street Capital LLC will help Brain Balance Achievement Centers reach its goal of having 120 centers by 2016. Brain Balance Achievement Centers was founded in 2006 by William Fowler and Dr. Robert Melillo, a researcher, professor, lecturer and bestselling author. The program's curriculum is based on scientific research and Dr. Melillo's theories that have helped children overcome learning disabilities and neurobehavioral issues for the past 20 years.

In addition to the investor news, Brain Balance announced the promotion of Heidi O'Neill to President of Franchise Operations. The company also welcomes Katie Killian to the corporate team in a new position as President, Corporate Centers. Katie brings a wealth of experience running national businesses in personal healthcare, learning centers, and post-secondary education. Dr. Robert Melillo will continue to serve as a Senior Curriculum Advisor to the Company.

For more information about Brain Balance Achievement Centers or to find the nearest center, visit www.brainbalancecenters.com.

ABOUT BRAIN BALANCE ACHIEVEMENT CENTERS

Since 2006, Brain Balance Achievement Centers has helped thousands of children between the ages of 4 and 17 reach their, academic, social and behavioral potential through a drug free program. The individualized and customized program utilizes sensory-motor exercises, cognitive exercises and nutritional guidance to address the root cause of many neurobehavioral issues. Today, there are over 50 Brain Balance Achievement Centers nationwide. For more information, visit www.brainbalancecenters.com.

ABOUT CRANE STREET CAPITAL LLC

Crane Street, founded in 2007 and based in Woodside, CA, focuses exclusively on private equity investments in service-oriented businesses with an emphasis on education and training. For more information visit www.cranestreetcapital.com.

CONTACT: Media Contact: Stacy Rubenstein, Fishman PR & Marketing, (847) 945-1300, srubenstein@fishmanpr.com

Source: Brain Balance Achievement Centers