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| ||Tue Apr 8, 2008|
China Education Resources Inc. Announces Management Change and Corporate Growth Initiatives
| ||VANCOUVER, BRITISH COLUMBIA -- (April 8, 2008) - China Education Resources Inc. ("CER," the "Company") (TSX VENTURE:CHN) (OTCQX:CHNUF) announced today management changes to focus on its growth strategy, reduce costs and create future opportunities. |
Mr. Ron Shon, President of CER, has informed the board of directors of his resignation as President, effective immediately. Mr. Shon will remain on the board of directors. "I have enjoyed working with this great enterprise, but must devote my talents to pursue other endeavors," said Mr. Shon, "I will remain close to CER in my director's role and expect to see great growth in the near future."
"¬¬¬We reluctantly accepted Ron's resignation and thank him for many years of hard work," said CER Chairman and chief executive officer Chengfeng Zhou, "At the same time; we have great expectations to take advantage of our developing education opportunities with China and North America."
The Company's growth strategy now includes opening up U.S. -- Sino education opportunities, which it began last year with California State University Monterey Bay (CSUMB) Extended Education and International Programs (EEIP). The first initiative is provide a CSUMB/EEIP sponsored English language program to China through its CERSP portal and through China Telecom's portal. The second initiative is to work with CSUMB/EEIP to bring Mandarin language instruction from China to schools throughout the U.S.
Zhou continued, "By developing our relationship with CSUMB we are focused on taking advantage of their tremendous resources in the form of faculty and professional practitioners. CSUMB/EEIP's capabilities are a perfect match for us; we are delighted to collaborate with them and, through them, with other top flight U.S. educational institutions. Together we expect to strengthen the development of our K-12 education initiatives in China and tap the North American market for targeted education services, such as teaching Chinese Mandarin."
Monterey is The Language Capital of the World, a title conferred by then California Governor Pete Wilson in recognition of the incredibly rich collection of resources in the Monterey region that are involved with language teaching, learning, use, and policy development. This explains why CER selected CSUMB as its primary language partner versus any of the other 22 campuses in the CSU system. The greater Monterey area is directly involved with 25 percent of the nation's post-secondary learning in languages other than English and plays a major role in delivering translation and interpretation services around the globe. The designation of Monterey as The Language Capital of the World also reflects its deep historical, multilingual and multicultural heritage.
Zhou concluded, "Our agreements with CSUMB/EEIP and China's number one telecom company (China Telecom) gives us several unique differentiators that provides CER with capabilities no one else in the education sector possesses. These agreements provide us with greater education content and service capabilities and a much larger distribution capability." In January 2008, CER signed an agreement with China Telecom to access over 30 million broadband users with its proprietary and licensed education products and services, including English as a Second Language (ESL) training, tutoring services, digital textbooks, digital supplemental education material and more.
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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