SHENZHEN CITY, China--(BUSINESS WIRE)--China Ivy School, Inc. (OTCBB: CIVY - News) announced in their 10-KSB, issued on March 30, significant operational and financial progress in the year ended December 31, 2006. The company's form 10-KSB can be accessed on the company's web site and www.sec.gov.
Referring to the accomplishments of the company, Yongqi Zhu, Director and Chief Executive Officer of China Ivy School, Inc. noted, "The continuation of our top-line growth is just another piece of evidence that proves that our approach to private education in China is a successful one." Mr. Zhu continued, "At CIS, we emphasize a well-rounded and harmonious educational experience. By doing so, we have set down a path towards maximizing the possibility of individual growth and prosperity."
Net revenue for the year ended December 31, 2006 totaled $5,564,409 compared to $5,252,757 for the year ended December 31, 2005, an increase of $311,652, or approximately 5.93%. The increase was due to increased enrollment in 2006 as compared to 2005.
