SOURCE: Wonder International Education
PHOENIX, AZ--(Marketwire - Jul 23, 2012) - Wonder International Education and Investment Group Corporation's (OTCBB: WIEI) (OTCQB: WIEI) management today provided a review of their past results and snapshot of their future. Wonder is a provider of information technology vocational training schools and the first China-based vocational training school publicly traded in the U.S. on Over The Counter Bulletin Board and OTC Markets.
Wonder ended 2011 with a record revenue of $14.8 million and a comprehensive income of $7.2 million compared to revenue of $12.7 million and comprehensive income of $6.4 million in 2010. For the 1st Quarter of 2012, Wonder recorded revenue of $4.6 million and comprehensive income of $2.2 million with increases of 18% and 16% versus the same quarter in 2011.
Frank Wei, CEO of Wonder, commented, "We are very pleased to begin trading in the United States this past week. We have been able to continue to improve our financials on our own, without access to outside capital. Having access to the U.S. capital market will now allow us to expand our IT vocational training business and also allow us to expand into other vocational training opportunities. We will keep our shareholders and the U.S. markets informed of our expansion plans via press releases and shareholder conference calls. We are excited about our future and look forward to providing a significant financial return for our shareholders. 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 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.