Looking longer term, I believe we have only began to scratch the massive opportunity of these fast growing markets. Over the next fiscal year, we will continue to aggressively invest in penetrating these lower tier cities and in fiscal ’13 we intend to open over 200 new learning centers. The vast majority of them will be small centers, 300 to 700 square meters, designed for our VIP and K-12 classes, rather than large scale test prep courses.
New Oriental Education & Technology's Management Presents Q4 2012 Results - Earnings Call Transcript
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