SOURCE: Wonder International Education
PHOENIX, AZ--(Marketwire - Jul 19, 2012) - Wonder International Education and Investment Group Corporation (OTCBB: WIEI) (OTCQB: WIEI), a provider of information technology vocational training schools and the first China-based vocational training school publicly-traded in the U.S., announced today that its common stock has begun trading on the Over The Counter Bulletin Board and OTC Markets.
Wonder recently announced its 1st quarter 2012 results with record revenue of $14.8 million and comprehensive income of $7.2 million, increases of 17% and 12% over the same quarter of 2011, respectively.
Norm Klein, U.S. Board Director of Wonder, commented, "We are very pleased that after receiving FINRA approval and awaiting other authorizations, Wonder's common stock can now begin trading. The management team has effectively been improving their schools and expanding vocational program offerings. We will now be able to initiate a faster growth strategy by tapping into the U.S. public markets. Wonder has been performing well in executing their business plan and exceeding expectations year after year on its own without any outside capital. We believe a U.S. capital market connection will now enable Wonder to grow more aggressively. We do not expect Wonder's stock to stabilize in price and daily volume for about three weeks or so until the stock has been converted to an electronic trading format called DTC required among most market makers worldwide. This is customary now for a new Over The Counter Bulletin Board and OTC Markets stock. We would like to thank EastBridge Investment Group for their assistance in helping us become a public company in the U.S."
Wonder established its first school in 1993 and operates seven information technology focused vocational training schools in seven provinces, Anhui, Jiangsu, Zhejiang, Henan, Hubei, Liaoning and Fujian. The Company's core focus is to educate students in the lesser developed cities of China to have the practical skills to secure higher paying jobs.
Wonder also operates employment service agencies in more than 20 provinces and municipalities to serve our more than 20,000 graduating students annually. The Company's partnership with 30,000 corporations and 12 employment agencies will help provide jobs to Wonder's students and increase quality IT to support China's growing economy.
For more information, please view www.wondedu.com
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Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company has no obligation to update these forward-looking statements.