Mosaica Education, Inc. Ranked Number One on `Inner City 100'; New York-Based Mosaica Education is Fastest-Growing Urban Company in America

NEW YORK--()--April 22, 2005--Inc. Magazine and the Initiative for a Competitive Inner City (ICIC) has announced that Mosaica Education, Inc., which is headquartered in New York City, was ranked number one as America's fastest-growing company serving the inner city. The 2005 Inner City 100 list is a ranking of the 100 fastest-growing urban businesses in the country and will be featured in the June issue of Inc. Magazine.

Founded in January 1997 by Dawn and Gene Eidelman, Mosaica opened its first elementary school in September of that year. It is now one of the nation's leading educational service providers, managing 51 charter schools -- and serving approximately 13,000 students in eight states, the District of Columbia and the Persian Gulf country of Qatar. Its Spectra Division provides after-school tutorial services to students attending traditional public schools at 38 sites around the country. Mosaica-managed schools have yielded superior academic results to date by utilizing a unique school design, which combines a proprietary curriculum called Paragon(R) with state-of-the-art technology and sound fiscal practices.

"Mosaica schools provide parents and students a no-cost educational choice. Students are given the opportunity to gain the knowledge and critical thinking skills needed to excel in the 21st century," said Mosaica's CEO, Michael J. Connelly. "One of the keys to achieving strong academic gains for students - who are typically 1.5 years behind grade level when they start at one of our schools -- is our proprietary Paragon curriculum. It teaches rich content through hands-on study, addressing students' individual learning styles. But just as important is the incredible dedication of the 1,300 great teachers, administrators, and school leaders of Team Mosaica who are responsible for enabling us to earn this award."

WestEd, a non-profit research agency designated by the U.S. Department of Education to provide leadership in educational assessment, was engaged to determine whether students in Mosaica-managed schools utilizing the Paragon Curriculum improved their academic performance while Mosaica operated the schools. According to WestEd, last year, the average Mosaica student exceeded his or her expected academic growth by over 17 percent. This dramatic gain was measured by assessing the increase in the total core NCE (normal curve equivalent) score on the Iowa Test of Basic Skills. Not surprisingly, parents are proud of their children's achievements too. On a scale of 1 to 10, the average Mosaica school received a score of 8.4 on last year's Parent Satisfaction Survey, and it is their word of mouth that has generated the rapid growth and success the Company has enjoyed.

The #1 Inner City 100 ranking is not the only accolade recently received by Mosaica. In June 2004, a Washington DC-based charter school managed by Mosaica, Arts and Technology Academy was named one of eight "Outstanding Charter Schools" in the United States by the U.S. Department of Education. In addition, the Office of Innovation and Improvement of the U.S. Department of Education honored Mosaica as an "Educational Innovator" for the implementation and design of the Paragon curriculum. Mosaica is also a member of the Inc. 500 and was #3 on the Inner City 100 list last year.

To qualify for the Inner City 100, companies needed to have at least 51 percent of their operations located in economically distressed urban areas. The specific ranking was based on total revenue growth over the five-year period. This year, ICIC received a record 7,500 nominations to be on this prestigious list.

Contacts

Mosaica Education, Inc.
Rita Hackel Chapin, 212/232-0305 ext. 204
or 917-405-8921
rchapin@mosaicaeducation.com

Contacts

Mosaica Education, Inc.
Rita Hackel Chapin, 212/232-0305 ext. 204
or 917-405-8921
rchapin@mosaicaeducation.com