BDG Partners/Business Development Group Acquires 30% of College Nannies & Tutors, Inc.

Peter Lytle, Managing Partner of The Business Development Group announced that his firm has acquired a 30% position in College Nannies & Tutor (CN&T). CNT provides parents with part-time and full-time nannies and in-home and at-school tutors from a national population of college students and recent college graduates.

Minneapolis, MN (PRWEB) April 7, 2004 -- Peter Lytle, Managing Partner of The Business Development Group announced that his firm has acquired a 30% position in College Nannies & Tutors, Inc.

College Nannies & Tutors, Inc. (CN&T) provides parents with part-time and full-time nannies and in-home and at-school tutors from a national population of college students and recent college graduates. Founded in 2001 by Joe Keeley, the winner of the 2003 Global Student Entrepreneur Award, College Nannies & Tutors is preparing to move into a national L.L.C. expansion this summer. The Business Development Group will also be providing CN&T expansion capital, management, planning services and screening investment partners.

The Business Development Group is a well-known Wayzata, Minnesota consulting and investment firm that specializes in strategic planning, turnarounds and venture investing. The Company was listed as one of the top 10 newsmakers in 2002 for its bid on Fingerhut and is well known for some of its previous acquisitions including Promo Piatto (Borden Pasta Plants), United Shipping & Technology and North American Heritage Brands.

Peter Lytle stated, We are delighted to be part of this business. The concept of providing bright, young, and responsible college students and graduates as nannies, tutors and role models for children and parents is a new alternative for the market. We believe that this concept and all the process that College Nannies & Tutors have developed make it an ideal concept to rollout across the US. For individuals that are interested in being part of an organization like this, need a strong brand name, solid systems and an easy and profitable business model -- College Nannies & Tutors offers all three."

Joe Keeley, President of CN&T said, Having access to the experience of the Business Development Group team, capital and use of the Predictive Modeling Process they offer will give us the momentum we need for rapid growth. We are really excited about this relationship."

For more information, contact:
Peter C. Lytle at plytle@bdgpartners.com
Phone: 952-473-3831
Fax: 952-476-0264
www.bdgpartners.com

Joe Keeley at joe@collegenannies.com
Phone: 952-476-0613
Fax: 952-476-0264
www.collegenannies.com
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