China Education Alliance, Inc. (OTC BB: CEUA), an educational service company offering high-quality online education materials and on-site training and tutoring to families, education officials, schools and teachers in China, disseminates online test preparation materials, researchers’ materials, study guides, audio recordings, and provides vocational skills and certification training. The company’s training programs include: the “Famed Instructors Test Paper Store,” which is marketed to its database of more than 300,000 exams and test papers and courseware. For further information, visit the Company’s web site at www.chinaeducationalliance.com.
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China Education Alliance Inc.’s (CEUA.OB) Wholly-owned Subsidiary Invests in New Media Joint Venture to Broaden Distribution ChannelsFriday, July 11th, 2008
China Education Alliance, Inc. (OTCBB: CEUA), a leading distributor of educational resources offering high-quality programs and training both through online networks and an on-site training center in China, recently announced that its wholly-owned subsidiary, Harbin Zhong He Li Da Education Technology, Inc. (Harbin ZHLD), has entered into a new media joint venture to broaden the company’s distribution channels into mainstream newspaper media.
Harbin ZHLD has invested in a joint venture company, Harbin New Discovery Media Co., Ltd. (Harbin Media), with Harbin Daily Newspaper Group (Harbin Daily), and contributed approximately $430,000 in cash for a 49.02 percent equity interest in Harbin Media. Harbin ZHLD will cooperate with Harbin Daily to run the newspaper, “Scientific Discovery,” under the new joint venture.
Scientific Discovery is expected to promote the China Education Alliance brand while minimizing advertising expenses to facilitate the company’s nationwide expansion, win the long-term loyalty of readers and generate significant revenue. China Education Alliance’s Harbin ZHLD subsidiary plans to publish this newspaper twice a week, and expand distribution of the publication on a national basis. By the end of 2009, China Education Alliance expects weekly newspaper sales to reach up to 150,000 sets, and to generate approximately $3.6 million in total revenues.
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China Education Alliance, Inc. (CEUA.OB) is an educational service company focused on making available high-quality online education materials, on-site training, and tutoring. The company also distributes online test preparation materials, researchers’ materials, study guides, and vocational skills and training packets for certain certifications. All of China Education’s services and products are available to families, provincial education officials, administrators, schools and teachers throughout China.
China Education Alliance’s database exceeds 300,000 exams, courseware and test papers. The database also includes materials relevant from elementary school through college and is called “Famed Instructors Test Paper Store.” The company’s private, on-site, exam-oriented after-school training and tutoring services are called “The Big Classroom of the Famous Instructors.”
China Education Alliance reported revenues in the first quarter of 2008 increased 31.9% since the first quarter in 2007 to $4.1 million. The company says the increase was due to both their on-site training centers and their online education services. The online education contributed $3.1 million in the first quarter and the training center contributed $983,632.
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Education is a vast and growing field for every country, but it has special connotation for the enormous population of China. The country cannot meet its economic and development aims unless both children and adults have access to world-class competence development facilities. The central business of this company is therefore closely aligned with a key national objective for Beijing.
The stock derives value through management’s ability to participate simultaneously in the most important and emerging segments of the Chinese education market. The company has its own training center, products to help children do well in tests, online products, and an array of content. There is something for people of all ages who would like to acquire qualifications and new skills.
Net income is likely to register a sharp increase during 2008 as the company spread its wings to new provinces in China. Earnings could also be favorably impacted by further inorganic growth moves. The company has received official recognition by being asked to operate an examination center for vocational training, which will add considerably to its brand image amongst potential new customers.
China has over 35 million students in need of vocational training. The education market is estimated to be worth $4 billion already, and is likely to grow rapidly with active government encouragement. The company has planned to open 30 new training centers to cater to the expected demand for its services. The stock closed the trading day on February 13 2008 at $3.61, after opening at $3.35. The 52-week high is $6.40.
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