China Education Resources Issues Update and Discusses Growth Plans
08 Octubre 2009 - 1:57PM
Marketwired
China Education Resources Inc. ("China Education", "CER", "the
Company") (TSX VENTURE: CHN)(OTCQX: CHNUF) - today issued an update
on recent business developments:
1. The combination of CER's subsidiary TTTC and its recent
acquisition Yu Cheng Yuan Consulting Services Ltd. (YCY) has
started to deliver results. The company expects to generate at
least $2 million in revenue for 2009 and show a significant
increase over that figure in 2010.
2. The process of integrating YCY with TTTC is proceeding on
schedule. The online supporting materials including video contents
used in some of YCY's textbooks have been uploaded onto CER's
portal www.CERSP.com. C.F. Zhou, Chairman and CEO, said, "The
portal will increase the market penetration of YCY's products and
increase sales. Further, the portal has been used to introduce
YCY's online vocational skills training program targeted at over
3,000,000 secondary school students initially. The objective is to
better equip secondary school students for the job market so that
they will be more easily hired by employers and/or manage their own
small businesses."
Mr. Zhou said, "It is clear that CER has turned a corner. We are
well on our way to becoming an important provider of online
educational resources and services to the 12 million teachers and
the 200 million students in the K-12 area. The recent acquisition
of YCY has given us the sales and marketing capability to start
selling the products and services that we have developed over the
last several years. While many of these are still in testing phase,
I believe we will be able to generate meaningful revenue from the
sale of these products and services.
CER's revenues will consist of a stable and growing base in the
distribution of traditional hard copy material coupled with higher
margin, online revenue from our portal which will have greater
market penetration and greater potential to grow."
ABOUT CHINA EDUCATION RESOURCES INC.
In collaboration with China's various education authorities and
experts, China Education Resources Inc. ("CER") is helping to
transform the curriculum of the world's largest educational system.
Recognizing the need for centralization and increased accessibility
to address the Chinese Central government's 2000 education reform
policy changes, CER has created educational tools and curricula for
China's entire kindergarten through twelfth grade system. By
implementing the government's goal of converting the existing
educational system from memory-based learning to creative thinking
and utilizing a more interactive approach to embrace a world-based
economy, CER has played an integral part in positioning China's
educational system to reach new heights.
Safe Harbor Statement
This press release contains certain forward-looking statements
that reflect the current views and/or expectations of China
Education Resources Inc. with respect to its performance, business
and future events. Such statements are subject to a number of
risks, uncertainties and assumptions. Actual results and events may
vary significantly.
To receive press releases, investor newsletters and corporate
updates, please email your request to:
admin@chinaeducationresources.com.
The TSX Venture Exchange has not reviewed, and does not accept,
responsibility for the adequacy or accuracy of the contents of this
press release.
Contacts: China Education Resources Inc. (604) 683-6865
www.chinaeducationresources.com
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