BEIJING, Jan. 21 /PRNewswire-Asia/ -- ChinaEdu Corporation (Nasdaq: CEDU) ("ChinaEdu" or "the Company"), a leading educational services provider in China, announced that it has received the “2008 China’s Most Influential Education Group” award at the 2008 annual Tencent China Education Industry Review. ChinaEdu’s 101 Distance Learning Center or the 101 Online School also won the Tencent “Top Ten Best Personalized Online Tutoring Organizations” and Sina’s “Top Ten Online Education Institutions” awards. In addition, we are pleased to announce that four of our long-term exclusive collaborative alliance partners placed in the top ten rankings at several of the Sina annual China Education Survey categories including “Top Ten Online Universities,” and “Top Ten Online University Brands.” Two of our non-exclusive university partners also placed in the top rankings including “Top Ten Online Education Institutions” and “Top Ten Online Universities
Brands” at Sina.
The Sina annual China Education Survey and the Tencent annual China Education Industry Review are two of the most prestigious events in the China education industry. Tencent Education is a leading online platform that conducts the annual Tencent China Education Industry Review. The sponsors include some of the most reputable education print and online media outlets in China, including China Education Television, China Education News Network, Modern Education News, People’s CPPCC News, China Education Online, 21st Century Education Research Center, as well as McKinsey & Company, Xinhua Net, and People’s Daily. The award winners are all leaders of the education industry within China.
Sina is a leading web portal within China, which conducts an annual survey of China’s educational industries and institutions. Sina cooperated with many well respected educational professionals, over 150 tutoring organizations, over 40 mainstream media outlet in 14 provinces, and the participation of over 1.5 million online users. The survey of online degree programs is based on online voting and evaluations by industry experts and media professionals.
ChinaEdu’s CEO Julia Huang said: “This award shows that ChinaEdu, working along side our long-term exclusive partnering universities, has gained recognition from the public through years of hard work and dedication that have contributed in the field of the Chinese education services. We at ChinaEdu will continue to strive for our motto, ‘Success Through Learning’ a philosophy of providing quality education services for the community, for our partners and for every student.”
About ChinaEdu
ChinaEdu Corporation is an educational services provider in China, incorporated as an exempted limited liability company in the Cayman Islands. Established in 1999, the Company’s primary business is to provide comprehensive services to the online degree programs of leading Chinese universities. These services include academic program development, technology services, enrollment marketing, student support services and finance operations. The Company’s other lines of business include the operation of private primary and secondary schools, online interactive tutoring services (101 Online School) and providing marketing and support for international curriculum programs.
The Company believes it is the largest service provider to online degree programs in China in terms of the number of higher education institutions that are served and the number of student enrollments supported. The Company currently has strategic relationships with 22 universities to operate online degree programs, 12 of which are under long-term, exclusive contracts that vary from 15 to 50 years in length.
101 Online School is a brand under ChinaEdu that concentrates on the online tutoring and education of pre kindergarten through high school in China. It is the leading educational website for elementary and middle school students with over 1 million users to date.
Forward-Looking Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including certain plans, expectations, goals, and projections, which are subject to numerous assumptions, risks, and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and contingencies, many of which are beyond our control which may cause actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company’s actual results could differ materially from those contained in the forward-looking statements due to a number of factors, including those described under the heading “Risk Factors” in the Company’s final prospectus filed with the Securities and Exchange Commission on December 11, 2007, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Unless required by law, the Company undertakes no obligation to (and expressly disclaim any such obligation to) update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
