New Oriental to Enhance Elite English Programs
January 16 2007 - 6:13AM
PR Newswire (US)
Plans to Expand Elite English Centers into Additional Major Chinese
Cities BEIJING, Jan. 16 /Xinhua-PRNewswire/ -- New Oriental
Education and Technology Group Inc. (NYSE:EDU), the largest
provider of private educational services in China, today announced
that it will enhance its Elite English programs by introducing
state-of-the-art English language training software and developing
new supplementary teaching materials. New Oriental's enhanced Elite
English programs, which offer a combination of self-study
computer-based learning and small group classes led by New
Oriental's highly trained teachers, will incorporate DynEd
International Inc.'s proprietary English language training software
and accompanying teaching materials co-developed by the two
companies. New Oriental will license DynEd's English language
training software in mainland China for a period of 6 years and
will also collaborate to explore other high-growth opportunities in
China's private education market including professional
certification and vocational training. 'Our enhanced Elite English
programs will offer students award winning English language
training technology combined with personalized tutoring,' said
Michael Yu, New Oriental's Chairman and Chief Executive Officer.
'In addition, the software's scalability will allow us to rapidly
expand our popular Elite English programs into other prosperous
tier-one and tier-two cities throughout China.' New Oriental's
Elite English programs are designed to meet the nascent demand for
high-end, personalized English language training among China's
high-income individuals, and children of high income families.
Currently, New Oriental operates 5 Elite English centers in Beijing
and plans to expand the program into a number of affluent tier-one
and tier-two cities during the next two years. 'We are very excited
to cooperate with the best known private education company in
China,' said Ian Adam, DynEd's Chief Executive Officer. 'Our highly
acclaimed software is the perfect complement to New Oriental's
renowned English teaching methodology and we are confident that
China's students will benefit from our cooperation.' About DynEd
DynEd International, Inc. was founded in 1987 by a dedicated team
of language teachers, engineers, and artists. It produced and
brought to market the world's first language-teaching CD-ROM and
received a patent for its innovative design. Now, in its twentieth
year, DynEd has the world's most comprehensive lineup of
award-winning computer-based English Language Teaching (ELT)
solutions. For more information about DynEd please visit
http://www.dyned.com/ . About New Oriental New Oriental is the
largest provider of private educational services in China based on
the number of program offerings, total student enrollments and
geographic presence. New Oriental offers a wide range of
educational programs, services and products consisting primarily of
English and other foreign language training, test preparation
courses for major admissions and assessment tests in the United
States, the PRC and Commonwealth countries, primary and secondary
school education, development and distribution of educational
content, software and other technology, and online education. New
Oriental's ADSs, each of which represents four common shares,
currently trade on the New York Stock Exchange under the symbol
'EDU.' For more information about New Oriental, please visit
http://english.neworiental.org/ . Safe Harbor Statement This
announcement contains forward-looking statements. These statements
are made under the 'safe harbor' provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as 'will,'
'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'believes,'
'estimates' and similar statements. Statements that are not
historical facts, including statements about New Oriental's beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Information
regarding these risks and uncertainties is included in our
registration statement on Form F-1 and other documents filed with
the Securities and Exchange Commission. New Oriental does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law. All information provided
in this press release is as of January 16, 2007, and New Oriental
undertakes no duty to update such information, except as required
under applicable law. For investor and media inquiries, please
contact: In China: Ms. Sisi Zhao New Oriental Education and
Technology Group Inc. Tel: +86-10-6260-5566 x8203 Email: Mr. Rory
Macpherson Ogilvy Public Relations Worldwide Tel: +86-10-8520-6553
Email: In the United States: Mr. Thomas Smith Ogilvy Public
Relations Worldwide Tel: +1-212-880-5269 Email: DATASOURCE: New
Oriental Education and Technology Group Inc. CONTACT: In China --
Ms. Sisi Zhao of New Oriental Education and Technology Group Inc.,
+86-10-6260-5566 x8203, or , or Mr. Rory Macpherson of Ogilvy
Public Relations Worldwide, +86-10-8520-6553, or ; or in the United
States -- Mr. Thomas Smith of Ogilvy Public Relations Worldwide,
+1-212-880-5269, or , for EDU Web Site:
http://english.neworiental.org/
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