BEIJING, March 18, 2019 /PRNewswire/ -- Ambow Education
Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a
leading national provider of educational and career enhancement
services in China, today announced
it has entered into an agreement for international collaboration
with ITU, a San Jose,
California-based higher education institution fully
accredited by the Western Association of Schools and Colleges
(WASC).
The terms of the agreement are as follows:
- Ambow will establish a Doctoral of Business Administration
(DBA) Learning Center to bring ITU's technology-focused curriculum
and faculty to Ambow students throughout China. The DBA Learning Center will provide
doctoral programs, English training, and a suite of support
services for students within Ambow's education network. Students
enrolled in the doctoral track will be immersed in U.S. accredited
style courses and, upon meeting program requirements, will receive
a doctoral degree in Business Administration from ITU.
- ITU will work towards the creation of other international
postgraduate programs and initiate joint research with respect to
the development of future curriculum and course offerings in
entrepreneurship for undergraduates.
- ITU will arrange for its own faculty members from Silicon
Valley and visiting professors from U.S. universities to visit
China and offer classes in highly
technical subjects to students enrolled in various Ambow
programs.
- Both parties will collaborate on a Cooperative Accelerated
Master's Degree Program that will enable Ambow to offer
beginning-level master's degree courses to its students in
China. Students in the program can
obtain their remaining credit hours at ITU in the United States to earn a U.S. master's
degree within only one year.
"Benefiting from ITU's campus location, we believe our students
will have access to a large number of technology-based internships
and job opportunities within Silicon Valley," commented Dr.
Jin Huang, Ambow's President and
Chief Executive Officer. "Our collaboration with ITU not only
broadens Ambow's cooperation with international institutions, but
also expands learning and communication channels for Chinese and
American students. Ambow's education network is also further
expanded, crossing a milestone in realizing Ambow's curricula that
cover all ages from pre-school to doctoral education."
About Ambow Education Holding Ltd.
Ambow Education Holding Ltd. is a leading national provider of
educational and career enhancement services in China, offering high-quality, individualized
services and products. 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.
Follow us on Twitter: @Ambow_Education
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. Among other
things, the outlook and quotations from management in this
announcement, as well as Ambow's strategic and operational plans,
contain forward-looking statements. Ambow may also make written or
oral forward-looking statements in its reports filed or furnished
to the U.S. Securities and Exchange Commission, in its annual
reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statements, including but not limited to the
following: the Company's goals and strategies, expansion plans, the
expected growth of the content and application delivery services
market, the Company's expectations regarding keeping and
strengthening its relationships with its customers, and the general
economic and business conditions in the regions where the Company
provides its solutions and services. Further information regarding
these and other risks is included in the Company's filings with the
U.S. Securities and Exchange Commission. All information provided
in this press release is as of the date of this press release, and
Ambow undertakes no duty to update such information, except as
required under applicable law.
For investor and media inquiries please contact:
Ambow Education Holding Ltd.
Tel: +86-10-6206-8104
The Piacente Group | Investor Relations
Tel: +1 212-481-2050 or +86 10-5730-6202
Email: ambow@tpg-ir.com
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SOURCE Ambow Education Holding Ltd.