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| ||Mon Jan 28, 2008|
China Education Resources Inc. Signs Agreement with China Telecom Information Development Co. LTD
| ||VANCOUVER, BRITISH COLUMBIA - (Marketwire - Jan. 28, 2008) - China Education Resources Inc. ("CER," the "Company") (TSX VENTURE:CHN - News; PINK SHEETS:CHNUF - News), announced today that its subsidiary, Today's Teachers Technology and Culture Ltd. (TTTC), signed an agreement with China Telecom Information Development Co. LTD (CTID) to develop and market education content for CTID online "Video On Demand" program.|
"We expect this to be a prosperous agreement for everyone," stated CER Chairman and CEO, Mr. Chengfeng Zhou, "We have a significant pipeline of education products that are specifically designed for the internet market and we are targeting several revenue streams, such as pay on demand content, fee-based education resources and advertising. Now consumers will have around the clock access to a wide range of education programming and payments will be automatic through their home phone bill."
China Education Resources plans to access over 30 million broadband users with its proprietary and licensed products, including English as a Second Language (ESL) training, tutoring services, digital textbooks, digital supplemental education material and more.
The agreement calls on TTTC and CTID to develop multimedia education content for online "Video on Demand" programs. TTTC will provide approved education content in Chinese (traditional and simplified) and English versions, advertising customers, a technical support team, web administer and legal support. CTID will provide promotion support to provincial telecom companies, including but not limited to Anhui, Shanghai, Shaanxi, and Sichuan, ensure internet service provider operations run smoothly, and monitor customer use for billing and advertising purposes. Both companies have pledged other additional support as necessary.
ABOUT CHINA TELECOM
China Telecom Corporation Limited is the leading provider of wireline telecommunications services in China, providing voice, data, image, multimedia and telecommunications and information services in 20 municipalities, provinces and autonomous regions in China with a subscriber base exceeding 200 million.
ABOUT CHINA EDUCATION RESOURCES INC.
In collaboration with China's Ministry of Education Curriculum Development Center, 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, China Education Resource Inc. 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.
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Mr. Craig Bird
China Education Resources Inc.
(215) 885-4982 (FAX)
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