SOURCE: Wonder International Education
PHOENIX, AZ--(Marketwire - Oct 2, 2012) - Wonder International Education and Investment Group Corporation (OTCBB: WIEI) (OTCQB: WIEI) today announced that DTC approved electronic trading for the Company's stock. Wonder's stock is traded on the Over The Counter Bulletin Board and OTC Markets under the stock symbol, WIEI. The Company is a provider of information technology vocational training schools and the first China-based vocational training school publicly traded in the U.S.
Frank Wei, CEO of Wonder, commented, "We are very pleased to be approved by DTC to begin electronic trading. We are expecting excellent financial results for 2012. The Company ended 2011 with approximately $14.8 million in revenue and $5.1 million in net income. Wonder had an excellent first six months of 2012 with revenue at about $9.3 million with a net income of $4.2 million. A PE (price earnings ratio) of fifteen would make our share price in the range of $3.75 per share based on our 2011 net income. We expect to continue this trend throughout 2012. I also want to thank EastBridge Investment Group and our legal and accounting service providers for assisting us in obtaining DTC approval."
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 their 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
EastBridge Investment Group (OTCBB: EBIG) (OTCQB: EBIG) focuses on high-growth companies in Asia and in the United States, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in electronics, real estate, auto, metal, energy, environmental, bioscience and food retail distribution. To learn more about EastBridge Investment Group go to: www.EbigCorp.com. To receive EBIG's email alert, send a blank email to info@EbigCorp.com.
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.