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| ||Thu May 29, 2014|
China Education Resources Inc. Signed Strategic Partnership Agreement with A Local China Teacher training Company
| ||Vancouver, Canada -- (May 29, 2014) - China Education Resources, Inc. ("CER") (TSXV: CHN, OTCQX: CHNUF), a leading technology and content provider of intelligent system, online learning, training courses and social media for teachers, students and education professionals, announced today that its wholly owned subsidiary company in China, Today's Teachers Technology & Culture Ltd. ("TTTC"), signed a strategic partnership agreement with a major China local teacher continuous training company to form a strategic task team for creating additional sales revenue for both companies through utilizing the resources available from both companies.|
"We expect this to be a prosperous agreement for both parties," said Chengfeng Zhou, CEO, China Education Resources. "The partnership will have the synergy effect of bringing together both parties' training contents and sales channels to deliver teacher training programs under CER's brand "New Thinking" to China Kindergarten to Grade 12 teachers via CER's online training platform". We are very pleased with the agreement which will significantly reduce our cost of marketing and development of teacher training programs and can generate more revenue to both parties. Due to the increase in the number of teachers involved in the training, we can also do cross selling of our other products and services at the same time."
CER also advises that Mr. Mark Scott has resigned from the Board of Directors of CER for personal reasons. We thank Mark's contributions to CER and wish the best to his future endeavor. Mr. Mark Scott will continue to provide advisory service to CER after his resignation.
CER appointed Mr. Yan Tian to be a member of the Board of Directors of CER. Mr. Yan Tian has more than 30 years experience in banking and investment area. He currently is the Managing Director of Alexion Bio-Technologies (Nanjing) LLC and financial advisor to various companies. Mr. Yan Tian held Economist title at Bank of China and worked 13 years for Bank of China. He was the Chief Representative in Beijing for Hong Leong Investment Ltd., a Singapore investment firm. He was also the Senior Investment Manager of China Dynamic Investment Management (HK) Ltd. (a joint venture investment fund by Bank of China and H&Q Asia Pacific, a Silicon Valley private equity firm). Mr. Yan Tian earned his Master of Business Administration from The State University of New York at Buffalo in 1988.
In collaboration with China's education administrators and experts, China Education Resources has been helping to transform the curriculum of the world's largest educational system. Recognizing the need to address education reform changes, China Education Resources has created educational tools and curriculum for China's entire kindergarten through twelfth grade system. The Company is playing an integral part in transforming China's educational system by helping to convert the existing educational system from a memory-based learning system to a creative thinking and interactive approach. Presently, China Education Resources has over one million kindergarten through twelfth grade teachers registered through its Web portal. For more information, please visit www.chinaeducationresources.com or call (604) 331-2388.
Safe Harbor Statement
Certain statements made herein, and other statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information and statements are typically identified by words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "plan", "estimate", "will", "believe" and similar expressions suggesting future outcomes or statements regarding an outlook. All such forward-looking information and statements are based on certain assumptions and analysis made by China Education Resources, Inc.'s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risks and Uncertainties" elsewhere in the Company's MD&A filed at www.SEDAR.com. The reader is cautioned not to place undue reliance on forward-looking information or statements. Except as required by law the Company does not assume the obligation to revise or update these forward looking statements after the date of this document or to revise them to reflect the occurrence of future, unanticipated events.
The TSX Venture Exchange has not reviewed, and does not accept, responsibility for the adequacy or accuracy of the contents of this press release.
Contact China Education Resources at: (604) 331-2388
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