China Education Resources Issues Update and Discusses Growth Plans
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VANCOUVER, BRITISH COLUMBIA, Oct 08 (MARKET WIRE) --
China Education Resources Inc. ("China Education", "CER", "the Company")
(TSX VENTURE: CHN)(OTCQX: CHNUF) - today issued an update on recent
business developments:
1. The combination of CER's subsidiary TTTC and its recent acquisition Yu
Cheng Yuan Consulting Services Ltd. (YCY) has started to deliver results.
The company expects to generate at least $2 million in revenue for 2009
and show a significant increase over that figure in 2010.
2. The process of integrating YCY with TTTC is proceeding on schedule.
The online supporting materials including video contents used in some of
YCY's textbooks have been uploaded onto CER's portal www.CERSP.com. C.F.
Zhou, Chairman and CEO, said, "The portal will increase the market
penetration of YCY's products and increase sales. Further, the portal has
been used to introduce YCY's online vocational skills training program
targeted at over 3,000,000 secondary school students initially. The
objective is to better equip secondary school students for the job market
so that they will be more easily hired by employers and/or manage their
own small businesses."
Mr. Zhou said, "It is clear that CER has turned a corner. We are well on
our way to becoming an important provider of online educational resources
and services to the 12 million teachers and the 200 million students in
the K-12 area. The recent acquisition of YCY has given us the sales and
marketing capability to start selling the products and services that we
have developed over the last several years. While many of these are still
in testing phase, I believe we will be able to generate meaningful
revenue from the sale of these products and services.
CER's revenues will consist of a stable and growing base in the
distribution of traditional hard copy material coupled with higher
margin, online revenue from our portal which will have greater market
penetration and greater potential to grow."
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.
Contacts:
China Education Resources Inc.
(604) 683-6865
www.chinaeducationresources.com
Copyright 2009, Market Wire, All rights reserved.
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