China Bilingual Announces Conference Call to Discuss Third Quarter Fiscal 2012 Financial Results
Nine-Month year-over-year revenue increases 72.5% to $31.5 million and EBITDA increases to $14.5 million or 46.1% of revenues
TAIYUAN CITY, China, July 17, 2012 /PRNewswire-Asia-FirstCall/ -- China Bilingual Technology & Education Group Inc. (OTCBB: CBLY) ("China Bilingual" or the "Company"), an education company that owns and operates high-quality, K-12 private boarding schools in China, will hold a conference call with investors to discuss its third quarter fiscal 2012 financial results today, Tuesday, July 17, 2012 at 10:00 a.m. Eastern time.
Investors may access the call as follows:
(877) 941-1427 (Toll-Free)
(480) 629-9664 (International)
A replay of the call will be available for two weeks from 1:00 p.m. ET on July 17, 2012, until 11:59 p.m. ET on July 31, 2012. The number for the replay is (877) 870-5176, or (858) 384-5517 for international calls; the passcode for the replay is 4553596.
About China Bilingual Technology & Education Group Inc.
China Bilingual Technology and Education Group Inc. is an education company that owns and operates high-quality, K-12 private boarding schools in China. Founded in 1998, the Company currently operates three schools encompassing the kindergarten, elementary, middle and high school levels with approximately 13,881 students and 1,876 faculty and staff.
The Company's schools are located in Shanxi and Sichuan Provinces and provide students with an innovative and high-quality education with a focus on fluency and cultural skills in both Chinese and English. The schools regularly rank among the top schools in their respective regions for college entrance rates and national college entrance exam scores. The Company's schools have earned excellent teaching reputations and are recognized for the success of their students and strong faculty.
As China experiences rapid industrialization and economic growth, the government is focused on education as a means to increase worker productivity and raise the standard of living. Parents in China's new middle and upper classes are sending their children to receive private school education to give them an advantage in China's increasingly competitive workforce. The Company's sector in education is not subject to corporate income tax, and the Company anticipates its growth will come from both organic growth through increased enrollment and expansion of its business model and teaching methods into new schools to be acquired by the Company.
At the Company:
Michael Toups, Chief Financial Officer
U.S. Office +1 727-641-1357
SOURCE China Bilingual Technology & Education Group Inc.
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