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EXTINGUISHMENT OF LIABILITIES | 12 Months Ended
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Feb. 29, 2012
EXTINGUISHMENT OF LIABILITIES |
EXTINGUISHMENT OF LIABILITIES |
4. EXTINGUISHMENT OF LIABILITIES During the year ended February 28, 2009 the Group renegotiated with the sellers of Wuhan Jianghan School, acquired in July 2008, and $731,092 of acquisition consideration was waived and recorded as a gain resulting from extinguishment of liabilities. In December 2010, $134,370 of remaining unpaid consideration was subsequently waived and recorded as a gain on extinguishment of liabilities for the year ended February 28, 2011.

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