BEIJING, December 20, 2011 /PRNewswire-Asia-FirstCall/ -- China Distance Education Holdings Limited (NYSE: DL) ("CDEL" or the "Company"), a leading provider of online education in China focusing on professional education, today announced that it signed six new contracts throughout 2011 relating to its business start-up, or entrepreneurship training program offering. CDEL's business start-up training program aims to teach university students, job seekers and individuals how to start their own businesses using a practical, "learning-by-doing" approach. The program leverages the concept and training framework of an international organization called EUROPEN/Pen International, and allows students to set up their own practice companies and participate in virtual business dealings with other practice companies from both inside China and around the world.
The new contracts signed throughout 2011 include:
Mr. Zhengdong Zhu, Chairman and Chief Executive Officer of CDEL commented, "We have made significant progress throughout the year on the expansion of our business start-up training programs provided through Yucai. The signing of these six contracts demonstrates the strong underlying demand among both students and local governments for effective business start-up training. We believe the growth opportunities for this business segment will remain healthy given the increasing competition among job seekers and the strong entrepreneurial spirit evident throughout China today. We will continue to work hard to establish new agreements with additional cities and provinces in the year ahead."
About China Distance Education Holdings Limited
China Distance Education Holdings Limited is a leading provider of online education in China focusing on professional education. The courses offered by the Company through its websites are designed to help professionals and other course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers in China in the areas of accounting, law, healthcare, construction engineering, and other industries. The Company also offers online test preparation courses to self-taught learners pursuing higher education diplomas or degrees and to secondary school and college students preparing for various academic and entrance exams. In addition, the Company offers online foreign language courses and offline business start-up training courses. Further information is available at the investor relations website at http://ir.cdeledu.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains certain "forward-looking statements" within the meaning of federal securities laws. All statements, other than statements of historical facts, included herein are "forward-looking statements" including, among other things, the Company's projected cash balance and its growth prospects. The expectations reflected in these forward-looking statements involve significant assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, in addition to those results discussed in the Company's periodic reports that are filed or furnished with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Contacts: | |
China Distance Education Holdings Limited | |
Lingling Kong, Investor Relations Manager | |
Tel: +86-10-8231-9999 x1805 | |
Email: IR@cdeledu.com | |
Investor Relations (Hong Kong): | |
Mahmoud Siddig | |
Tel: +852-3196-3712 | |
Email: cdel@taylor-rafferty.com | |