Math Monkey Now Approved to Franchise in All 50 States
MIAMI ï¿½ August 23, 2006 ï¿½ Officials with Math Monkeyï¿½, a supplemental education company that teaches Vedic math to young people, today announced the company has become registered to franchise Math Monkeyï¿½ Knowledge Centers in all 50 states.
ï¿½As we are now legally approved to award franchises in every state, we are anticipating significant growth throughout the country,ï¿½ said Kirsten Fisch, CEO (Top Banana) of Math Monkey. ï¿½We couldnï¿½t be more excited about the possibilities for growth.ï¿½
Math Monkey is a concept that appeals to all parents and their children, making it a viable franchise opportunity anywhere where parents want the best possible education for young people, Fisch said.
The Knowledge Centers teach Vedic math, a unique system of calculations based on ancient Indian texts that can be easily applied to arithmetic. At Math Monkey, accelerated young people ages six to 14 use Vedic math to solve mathematic problems within seconds ï¿½ without the use of paper or a calculator.
ï¿½Math Monkey Knowledge Centers are a distinctive concept in the fastest growing segment in child services ï¿½ supplemental education,ï¿½ according to Randy Corona, recently appointed as the companyï¿½s chief operating officer. ï¿½Tutoring has grown into a $4 billion industry. Our franchisees will be interacting with parents who want the best for their children and have the means to pay for it.ï¿½
The first Math Monkey Knowledge Center opened this summer in Weston, a community in south Florida, and instantly sold out many of its classes. Registration is now underway for fall classes, with classes filling up quickly.
Fisch said Math Monkey is an ideal franchise opportunity for individuals who enjoy working with young people and want to help them maximize their potential. The company has developed an easy-to-use, high-tech support system for franchisees, with a supply chain that is electronic and easily capable of serving locations nationwide.
Company officials award exclusive territories with a guaranteed market size, thus ensuring a strong and consistent base of young people to pull from. Corona noted the company uses state-of-the-art demographic analysis and pinpoints the best locations within a territory to locate Knowledge Centers.
"As we move forward with this expansion, we will use our tier-one national marketing agency to prepare localized media plans wherever a franchise is awarded in the nation,ï¿½ Fisch said. ï¿½It is also important to note we maintain the highest standard of legal compliance wherever we offer franchises."
Math Monkey Knowledge Centers is the world's only global supplemental education franchise dedicated to teaching children concepts based on the principles of Vedic math from India. Math Monkey customers are the parents of exceptional young people, ages six to 14. With a tested system of operations, experienced executive management and academic leadership, unique brand positioning and a rewarding undertaking, which includes shaping the minds of tomorrow's leaders, Math Monkey is an excellent franchise opportunity for qualified candidates. Math Monkeyï¿½s premier location is in Weston, Fl.; plans are underway for additional locations in south Florida, the mid-western United States, Canada and the Philippines.
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