ETS and New Oriental Enter Into Strategic Agreement

karlfriedrich

http://www.ets.org/portal/site/e ... 2f95190RCRD&vgnextchannel=811ed898c84f4010VgnVCM10000022f95190RCRD
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ETS and New Oriental Enter Into Strategic Agreement

Contact:

Tom Ewing $ ~4 q: U- w3 d! W& ^# V7 t1 + (609) 683-2899 tewing@ets.org Julia Xiao (APCO Worldwide) +86 (10) 6505-5127 ext. 213

Beijing, China (November 26, 2007) —This press release is also available in Chinese (PDF).
Educational Testing Service (ETS), creator of the Test of English asa Foreign Language (TOEFL®), and New Oriental Education &Technology Group Inc. (NYSE: “EDU”), China’s largest privateeducational services provider, have reached an agreement making NewOriental the only language schools in China authorized by ETS to sellthe TOEFL Practice Online (TPO) in their training classes.
As part of the agreement, New Oriental has an exclusive right toprovide TPO as a component of its language training or test preparationcourses and may also sell the TPO to the general public through itsbookstores. ETS will continue to sell the TPO on its website or throughits subsidiaries or other third party resellers.
3 Q) O, d/ S8 f$ o2 x% R& G7 n' t“This agreement marks the first instance of formal cooperationbetween two world leaders in education,” says Kurt Landgraf, Presidentand CEO of ETS. “The TOEFL is the gateway to success for studentswishing to study abroad and is accepted by more than 6,000 universitiesworldwide. A very effective way to prepare for the TOEFL is through theTOEFL Practice Online. Now, Chinese students will have access to itthrough New Oriental, one of the most popular and respected providersof foreign language training and preparation in the country.”
& H, S' I! D- ?; \$ m: g“We are excited to enter into this strategic relationship with ETS,which can address the increasing needs of Chinese students to improvetheir English communications and succeed in the global market,” saidMichael Minhong Yu, New Oriental’s Chairman and CEO, “The agreementwill complement our existing training resources and network, to furtherfacilitate Chinese students to easily access, identify and benefit fromTPO, the latest official tool from ETS for both English improvement andtest preparation.”
ABOUT ETSETS is a nonprofit institution with the mission to advance qualityand equity in education by providing fair and valid assessments,research and related services for all people worldwide. In servingindividuals, educational institutions and government agencies aroundthe world, ETS customizes solutions to meet the need for teacherprofessional development products and services, classroom andend-of-course assessments, and research-based teaching and learningtools. Founded in 1947, ETS today develops, administers and scores morethan 50 million tests annually in more than 180 countries, at over9,000 locations worldwide.
3 k3 y( T0 f+ P) Y1 E  F3 ?- x+ KAbout New OrientalNew Oriental is the largest provider of private educational servicesin China based on the number of program offerings, total studentenrollments and geographic presence. New Oriental offers a wide rangeof educational programs, services and products consisting primarily ofEnglish and other foreign language training, test preparation coursesfor major admissions and assessment tests in the United States, the PRCand Commonwealth countries, primary and secondary school education,development and distribution of educational content, software and othertechnology, and online education. New Oriental's currently trades onthe New York Stock Exchange under the symbol ''EDU.'' For moreinformation about New Oriental, please visit http://english.neworiental.org.
Safe Harbor StatementThis announcement contains forward-looking statements. Thesestatements are made under the ''safe harbor'' provisions of the U.S.Private Securities Litigation Reform Act of 1995. These forward-lookingstatements can be identified by terminology such as ''will,''''expects,'' ''anticipates,'' ''future,'' ''intends,'' ''plans,''''believes,'' ''estimates'' and similar statements. Statements that arenot historical facts, including statements about New Oriental's beliefsand expectations, are forward-looking statements. Forward-lookingstatements involve inherent risks and uncertainties. Informationregarding these risks and uncertainties is included in our registrationstatement on Form F-1 and other documents filed with the Securities andExchange Commission. New Oriental does not undertake any obligation toupdate any forward-looking statement, except as required underapplicable law. All information provided in this press release is as ofNovember 26, 2007, and New Oriental undertakes no duty to update suchinformation, except as required under applicable law.
New Oriental ContactsFor investor and media inquiries, please contact:
4 Y8 l( c* S% O* k8 n4 C$ I* `' r1 sIn China:
# n' ~. h4 O5 YMs. Sisi Zhao
( O5 z: r! c3 TNew Oriental Education and Technology Group Inc.
Tel: +86-10-6260-5566 x8203
; `) j4 _# L% g5 E: cEmail: zhaosisi@staff.neworiental.org
. O8 U! k" m- t. }& t4 TMr. Derek Mitchell
Ogilvy Public Relations Worldwide (Beijing)
* p. Z4 J# B, }) Y! }' T+ cTel: +86-10-8520-6284
Email: derek.mitchell@ogilvy.com
  J1 b: q2 O6 K" {' n5 {/ fIn the United States:
2 P  A9 e- x! a" IMr. Jeremy Bridgman
; s, o7 b) t2 i1 ?+ K% @2 h  fOgilvy Public Relations Worldwide (New York)
Tel: +1 (212) 880-5363
5 j" |( ]% \8 e# W2 DE-mail: jeremy.bridgman@ogilvypr.com