Michigan school district hires EAI

January 15, 1994|By Bloomberg Business News

MINNEAPOLIS -- Education Alternatives Inc. agreed to provide management and educational services to the Pinckney, Mich., school district, President David Bennett said yesterday.

EAI is proposing that the job run five years, the executive said.

Under terms, it would provide accounting, custodial and maintenance services to the school district, which has an annual budget of $18 million and 3,800 students in five schools.

EAI operates nine Baltimore City schools under its Tesseract program, and EAI has reached five-year agreements to take over financial management, cafeterias, security and maintenance at two additional Baltimore schools.

In Nasdaq trading, Education Alternatives stock closed up $1.25, at $35.75.

Education Alternatives also provides educational, custodial and accounting services in Minnesota, Arizona and Florida.

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