Ambow Reiterates Second Quarter Guidance
Press Release Source: Ambow Education Holding Ltd. On Thursday June 30, 2011, 6:00 pm EDT
BEIJING, June 30, 2011 /PRNewswire-Asia/ -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE:AMBO - News), a leading national provider of educational and career enhancement services in China, announces that it remains firmly confident in its long-term business outlook, and is comfortable with the revenue guidance previously provided.
The revenue guidance for the second quarter of 2011 is to be in the range of $74.8 million (RMB 490 million) to $76.4 million (RMB 500 million), as provided in the last earnings call on May 18, 2011. This is the Company's current view and is subject to market changes and other future events that may occur.
About Ambow Education Holding Ltd.
Ambow Education Holding Ltd. (NYSE:AMBO - News) is a leading national provider of educational and career enhancement services in China, offering high-quality, individualized services and products. Ambow has two business divisions: "Better Schools," which includes K-12 schools and tutoring centers; and "Better Jobs," which includes colleges and career enhancement centers.
With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in 30 out of the 31 provinces and autonomous regions within China.
