BEIJING, June 19 /Xinhua-PRNewswire/ -- 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.
