Dear Franchise Partners,

We would like to update you about a recent change on our management team. Our VP of U.S. Franchise Operations, Mike Steed, is no longer with the company. We are grateful to Mike for all his contributions and wish him the best with his future endeavors. Our field leadership team will continue providing the high level of support you have been accustomed to and continue evolving our support function in the pursuit of continuous improvement. Our entire team is dedicated to providing you with the best business opportunity possible and exceptional support. We do not anticipate that you will feel any interruption due to the strength and commitment of our team.

Occasional changes are inevitable. It can be painful at times, but each change also provides opportunity. We have shown that as we’ve grown, we’ve attracted executives with greater and greater capability. With the brand reputation that Mathnasium has and how we are approaching one thousand locations, top talent wants to be on this team. We are excited about the impact future leadership will make on our franchise community.

Sincerely,

Home Office Team

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