China Education Resources Inc. grants 620,000 Options, Extends 924,000 Options
The Company has also extended the expiration date of 924,000 share purchase options granted in 2005 from February 3, 2010 to February 3, 2015. These options are exercisable at $1.05 per share.
The above option grants and extension are subject to regulatory approval.
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.
Contact: China Education Resources Inc. (604) 683-6865
Equiti-trend Advisors LLC (800) 953-3350
Website: http://www.chinaeducationresources.com
Source: China Education Resources Inc.
China Education Resources Inc. completes $795,000 Private Placement and Hires Investor Relations Company
"We are very pleased that the majority of the private placement was placed with insiders in Canada and senior management based in China," said C.F. Zhou, Chairman and CEO. "Their additional investment in the company has demonstrated very clearly their confidence in the company's future direction."
The company also announced that it has retained the California-based firm Equiti-trend Advisors LLC to provide investor relations and public relations in North America. The agreement with Equiti-trend contemplates services being provided for an initial six month period. Under the terms of the agreement, Equiti-trend will be paid USD $30,000 for the six month period and an incentive stock option grant of 70,000 shares exercisable at $0.60 CDN per share subject to the Toronto Stock Exchange.
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.
Contact: China Education Resources Inc. (604) 683-6865
Equiti-trend Advisors LLC (800) 953-3350
Website: http://www.chinaeducationresources.com
Source: China Education Resources Inc.
China Education Resources Reaches Exclusive Agreement with Gansu Province
The agreement stipulates that one of CER's Chinese subsidiaries, Today's Teachers Technology & Culture Ltd. (TTTC) will be the exclusive online provider to IER of teaching and research programs. Both parties agree to establish a long term strategic partnership for the digitization and commercialization of educational resources and will work together to develop online tutoring for both teachers and students, expanded digitization of curriculum and online teaching programs.
As a first step in the expanded relationship with IER under this agreement and following the teacher training program conducted by TTTC in GANSU Province last summer (please see news release of June 24, 2009), TTTC will provide a multiyear series of online training programs for the approximately 220,000 K to 9 teachers in GANSU. TTTC will charge 180 RMB ($26) per teacher for the next program in the series which is scheduled to commence March 1, 2010. TTTC will be working with IER to schedule additional programs later in 2010.
C.F. Zhou, Chairman and CEO, said "I am very pleased to report that our work in GANSU, especially in the teacher training area, has started to pay dividends. This has resulted in our signing of this very important agreement with the Province which gives us the exclusive right to provide key online services and resources to the teachers of GANSU. As more teachers become familiar with our company, it will become easier to introduce our many leading edge educational products to the entire Provincial educational system -- teachers, administrators, students and parents, further strengthening our position as a leader in the fast growing K to 12 online education market."
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.
Contact:
China Education Resources Inc. (604) 683-6865
Website: http://www.chinaeducationresources.com
________________________________________
Source: China Education Resources Inc.
China Education Resources Partners with the Coca-Cola Company
Coke has distributed 100,000 promotional packages in the Beijing area each consisting of a large bottle of Qoo and a CD from CER which contains 10 short English courses developed by CER and a link to CER's education services portal, ("ESP"), through which the user will have access to a number of online tutoring courses and a memory game to help students learn English, both of which will be free initially but will require the user to pay after a certain period. The CD also contains an invitation to visit the CER offices in Beijing to take an English language assessment examination.
C.F. Zhou, Chairman and CEO, said "We are very proud of our new association with Coke, one of the most recognized companies in the world. This gives us tremendous credibility and to the best of my knowledge, CER is the only online education company in China to be involved in any promotional efforts with Coke. Over the last several years, CER has developed a strong national reputation as a company which provides leading edge, high quality products in the K to 12 area. This is a win/win situation for both companies. Coke believes that an association with a well known education company will help promote the sales of Qoo. We believe that Coke's market penetration and distribution capabilities will open new doors for us, as evidenced by the fact that the Qoo promotional packages have now appeared in Wal-Mart stores around Beijing. While it is too early to gauge the commercial success of this new venture, I feel that an association with Coke will greatly increase our exposure in the marketplace and do nothing but benefit our shareholders. We will keep shareholders updated."
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.
Contact:
China Education Resources Inc. (604) 683-6865
Website: http://www.chinaeducationresources.com
________________________________________
Source: China Education Resources Inc.
China Education Resources Reports Revenues of $2.02 million US in Q3, 2009
C.F. Zhou, Chairman and CEO, reports that the Company generated gross revenues of $2.02 million and a net income of $38,000 for the third quarter ended September 30, 2009, compared to gross revenues of $149,000 and a net loss of $714,000 for the comparable period in 2008.
Other highlights include:
- Operating income of $425,000 for the third quarter of 2009, as compared to an operating loss of $717,000 for the comparable period in 2008.
- Net cash flow of $162,000 was generated from operations for the third quarter of 2009, as compared to a cash flow used in operations of $351,000 for the comparable period in 2008.
- Completion of the purchase of a 60% interest in Zhong Yu Cheng Yuan Curriculum Development Centre Ltd. (previously known as Yu Cheng Yuan Consulting Services Ltd.) ("ZYCY"), a distributor of education products. The purchase consideration was 2,860,000 common shares of the company with a deemed value of 35¢ per share.
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.
Contact:
China Education Resources Inc. (604) 683-6865
Website: http://www.chinaeducationresources.com
________________________________________
Source: China Education Resources Inc.