CORRECTING AND REPLACING -- ChinaCast Education Corporation to Report First
Quarter Financial Results On May 11, 2009
BEIJING, April 28, 2009 (GLOBE NEWSWIRE) -- In a press release issued earlier
today with the same headline by ChinaCast Education Corporation (Nasdaq:CAST),
the first sentence of the second paragraph reading "8 am on Tuesday, May 12,
2009, U.S. Eastern Time (8 am on May 12, 2009, Beijing/Hong Kong Time)" should
read "8 am on Tuesday, May 12, 2009, U.S. Eastern Time (8 pm on May 12, 2009,
Beijing/Hong Kong Time)." The corrected release follows:
ChinaCast Education Corporation (the "Company" or "ChinaCast") (Nasdaq:CAST), a
leading for-profit, post-secondary and e-learning services provider in China,
today announced that it will report its financial results for the first quarter
ended March 31, 2009, on Monday, May 11, 2009, after the close of the market.
ChinaCast's management team will host an earnings conference call at 8 am on
Tuesday, May 12, 2009, U.S. Eastern Time (8 pm on May 12, 2009, Beijing/Hong
Kong Time). The dial-in details for the earnings conference call are as follows:
U.S./Canada Toll Free: +1-877-719-9786
International: +1-719-325-4807
A replay of the conference call will be available at the following numbers from
11:00 am Tuesday, May 12, 2009, U.S. Eastern Time, until 11:30 pm Tuesday, May
26, 2009, U.S. Eastern Time.
U.S./Canada Toll Free: +1-888-203-1112
International: +1-719-457-0820
Pass Code: 7395430
Additionally, a live and archived version of the earnings call will be available
at www.chinacasteducation.com. Please access the website approximately 10
minutes prior to the start time in order to download and install any necessary
software.
About ChinaCast Education Corporation
Established in 1999, ChinaCast Education Corporation is a leading for-profit,
post-secondary education and e-learning services provider in China. The Company
provides its post-secondary degree programs through its 80% ownership in the
holding company of the Foreign Trade and Business College (or "FTBC") of
Chongqing Normal University. FTBC offers career-oriented bachelor's degree and
diploma programs in business, economics, trade, tourism management, advertising,
language, IT and music. These degree and diploma programs are fully accredited
by the PRC Ministry of Education. The Company provides its e-learning services
to post-secondary institutions, K-12 schools, government agencies and corporate
enterprises via its nationwide satellite broadband network. These services
include interactive distance learning applications, multimedia education content
delivery, English language training and vocational training courses. The company
is listed on the NASDAQ with the ticker symbol CAST.
Safe Harbor Statement
This press release may contain statements that are forward-looking, as that term
is defined by the Private Securities Litigation Reform Act of 1995. These
forward-looking statements express our current expectations or forecasts of
possible future results or events, including projections of future performance,
statements of management's plans and objectives, future contracts, and forecasts
of trends and other matters. These projections, expectations and trends are
dependent on certain risks and uncertainties including such factors, among
others, as growth in demand for education services, smooth and timely
implementation of new training centers and other risk factors listed in the
company's Annual Report on Form 10KSB for the fiscal year ended December 31,
2008. Forward-looking statements speak only as of the date of this filing, and
we undertake no obligation to update or revise such statements to reflect new
circumstances or unanticipated events as they occur. You can identify these
statements by the fact that they do not relate strictly to historic or current
facts and often use words such as "anticipate", "estimate", "expect", "believe,"
"will likely result," "outlook," "project" and other words and expressions of
similar meaning. No assurance can be given that the results in any
forward-looking statements will be achieved and actual results could be affected
by one or more factors, which could cause them to differ materially. For these
statements, we claim the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform Act.
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CONTACT: ChinaCast Education Corporation
Michael J. Santos, Chief Marketing Officer
+1-347-482-1588
mjsantos@chinacasteducation.com
www.chinacasteducation.com
HC International, Inc.
Ted Haberfield, Executive VP
+1-760-755-2716
thaberfield@hcinternational.net
