ATA Delivers Counter Officer Qualification Exam to China Life Insurance Employees
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ATA Delivers Counter Officer Qualification Exam to China Life Insurance
Employees
BEIJING, June 19 /Xinhua-PRNewswire-FirstCall/ -- ATA Inc. (Nasdaq: ATAI)
("ATA", or the "Company"), the leading provider of computer-based testing
services in China, announced today that it has successfully delivered Counter
Officer Qualification Exam to China Life Insurance Company Limited ("China
Life Insurance").
On June 14, 2008 a total of 32,582 people sat China Life Insurance's
Counter Officer Qualification Exam, which was held simultaneously in 50 cities
across 31 provinces. This is the first time ATA and China Life Insurance
cooperate on a nationwide computer based test to evaluate internal staff
qualifications and skills.
"We are pleased with this opportunity to use our leading technology for
delivering computer based tests to help China Life Insurance evaluate its
internal staff, and we look forward to a long and successful cooperation,"
commented Mr. Kevin Ma, Chairman and Chief Executive Officer of ATA. "The use
of computer based testing technology to assess internal human resources
capabilities is at the very early stages of development. We look forward to
more customers with mission critical operating systems to qualify staff using
ATA's leading testing technologies and nationwide test center network"
This exam adopted ATA's proprietary Dynamic Simulation Technology, DST, to
simulate China Life Insurance's counter operating system. This exam
comprehensively tested counter officers' operating skills for accuracy and
usage fluency. Through the systematic collection and analysis of exam data,
ATA will help China Life Insurance Company Limited get a more comprehensive
assessment of their staffs' capabilities. Executives from China Life Insurance
participated in the nationwide monitoring of the examination using ATA real-
time remote monitoring platform.
About China Life Insurance Company Limited
China Life Insurance Company Limited was established in Beijing on 30 June
2003 according to the Company Law of the People's Republic of China. On 17 and
18 December 2003, the company successfully listed its shares on the New York
Stock Exchange and the Stock Exchange of Hong Kong respectively. The company
is the leading life insurance company in China with the most extensive
distribution network that comprises exclusive agents, direct sales
representatives and dedicated and non-dedicated agencies. China Life Insurance
is one of the largest institutional investors in China and is also the largest
insurance asset manager through its control of China Life Asset Management
Company Limited. It offers products and services including individual and
group life insurance, accident insurance and health insurance. As at 31
December 2007, it had over 93 million individual and group life insurance
policies, annuities contracts and long-term health insurance policies that are
in force and also offers individual and group accident and short-term health
insurance policies.
About ATA Inc.:
ATA Inc. (Nasdaq: ATAI) ("ATA" or the "Company") is the leading provider
of computer-based testing services in China. The Company offers comprehensive
services for the creation and delivery of computer-based tests based on its
proprietary testing technologies and test delivery platform. The Company's
computer-based testing services are used for professional licensure and
certification tests in various industries, including information technology,
or IT, services, banking, teaching, securities, insurance and accounting.
ATA's test center network comprised 1,835 authorized test centers located
throughout China as of December 31, 2007, which the Company believes is the
largest test center network of any commercial testing service provider in
China. Combined with its test delivery technologies, this network allows ATA's
clients to administer large-scale nationwide tests in a consistent, secure and
cost-effective manner. ATA has delivered over 23 million tests since it
commenced operations in 1999, and in July 2007 delivered tests to more than
200,000 test takers in a single day for the China Banking Association, through
its test delivery platform.
Safe-Harbor Statement
This announcement may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, and as defined in the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "look forward to,"
"outlook," "forecast," "will," "expect," "anticipate," "future," "intend,"
"plan," "believe," "estimate" and similar terminology. Among the factors that
could cause the Company's actual financial and operating results to differ
from what the Company currently anticipate may include the Company's ability
to meet challenges associated with its rapid expansion, the Company's ability
to meet the expectations of current and future clients, the Company's ability
to implement and maintain effective internal controls over financial
reporting,
the health of the PRC economy, and uncertainties with respect to the PRC legal
and regulatory environments. For additional information on these and other
important factors that could adversely affect the Company's business,
financial condition, results of operations and future prospects, please refer
to a more detailed discussion of the Company's risk factors in the Company's
filings with the Securities and Exchange Commission.
For more information, please contact:
ATA Inc.
Carl Yeung, CFO
Tel: +86-10-6518-1122-5107
CCG Elite Investor Relations
Crocker Coulson, President
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Ed Job, CFA
Tel: +1-646-213-1914
Email: ed.job@ccgir.com
SOURCE ATA Inc.
ATA Inc. - Carl Yeung, CFO, +86-10-6518-1122-5107; CCG Elite Investor
Relations - Crocker Coulson, President, +1-646-213-1915, or
crocker.coulson@ccgir.com; Ed Job, CFA, +1-646-213-1914, or ed.job@ccgir.com
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