BEIJING, Nov. 30, 2017 /PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a leading K-12 after-school tutoring services provider in China, today announced strategic collaboration with ETS, a top educational testing and assessment organization in the world. TAL and ETS will begin to collaborate on online test prep content, assessment technologies and promotion for the TOEFL series.
Founded as a nonprofit in 1947, ETS develops, administers and scores more than 50 million tests annually - including the TOEFL® and TOEIC ® tests, the GRE ® tests and The Praxis Series ® assessments - in more than 180 countries, at over 9,000 locations worldwide. As a mission-driven organization, ETS supports a deep and wide portfolio of educational research, conducted by a large research & development staff and internationally distinguished educational experts.
"We are excited about building a strong relationship with ETS. Our cooperation in TOEFL online prep content represents an innovative model of combining ETS' high quality content with TAL's localized content and services to provide unique value to students in China," said Mr. Rong Luo, Chief Financial Officer and President of Global and Lifelong Education Group at TAL. "This collaboration will open up new possibilities for both sides in the field of international education to better serve increasingly younger learners in China who desire to develop competences that are aligned with global educational standards. With the great brand influence and operational capabilities of TAL, and the deep assessment and educational research expertise of ETS, there will be more opportunities for cooperation in the Chinese international education market," Mr. Luo added.
"Working with TAL, we expect to bring customized assessments and learning tools to Chinese students," said Mr. David Hunt, Executive Vice President and COO of ETS. "ETS and TAL have a shared goal in advancing education through scientific and technological innovations. We look forward to future collaborations that will help to improve and expand learning opportunities for students in China," said Mr. Hunt.
This strategic collaboration is of great significance to the international education business of TAL. Both TAL and ETS have expressed strong interests in expanding collaborations in assessments learning content and technologies.
About TAL Education Group
TAL Education Group is a leading K-12 after-school tutoring services provider in China. The acronym "TAL" stands for "Tomorrow Advancing Life," which reflects our vision to promote top learning opportunities for Chinese students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive tutoring services to students from pre-school to the twelfth grade through three flexible class formats: small classes, personalized premium services, and online courses. Our tutoring services cover the core academic subjects in China's school curriculum including mathematics, English, Chinese, physics, chemistry, and biology. The Company's learning center network includes 575 physical learning centers as of August 31, 2017, located in 36 key cities in China: Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Wuhan, Xi'an, Chengdu, Nanjing, Hangzhou, Taiyuan, Zhengzhou, Chongqing, Suzhou, Shenyang, Jinan, Shijiazhuang, Qingdao, Changsha, Luoyang, Nanchang, Ningbo, Wuxi, Fuzhou , Hefei, Xiamen, Lanzhou, Dalian, Changchun, Guiyang, Dongguan, Changzhou, Xuzhou, Nantong, Foshan and Zhenjiang. We also operate www.jzb.com, a leading online education platform in China. Our ADSs trade on the New York Stock Exchange under the symbol "TAL".
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. Statements that are not historical facts, including statements about TAL's beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and TAL does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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