ChinaCast Education Corporation Signs Academic Exchange and Cooperation Agreement With The University of North Carolina at Greensboro

BEIJING, Feb. 1, 2011 /PRNewswire-Asia/ -- ChinaCast Education ("ChinaCast" or the "Company", (Nasdaq: CAST), a leading for-profit, post-secondary education and e-learning services provider in China, today announced the signing of an academic exchange and cooperation agreement with The University of North Carolina at Greensboro ("UNCG").  Through the agreement, ChinaCast and UNCG will cooperate on academic transfer programs for undergraduate and graduate degree and non-degree programs, student and faculty exchange and joint research activities and academic materials exchange.

"We are quite pleased to establish this partnership with The University of North Carolina at Greensboro as it will provide an opportunity for our students in China to enroll in advanced degree programs at UNCG's campus in the United States," commented Mr. Ron Chan, CEO and Chairman of ChinaCast.  "This cooperation agreement is a testament of the high caliber students, faculty and programs we offer at our three universities. We look forward to the faculty and academic exchange programs with UNCG to enhance the quality of our teaching professionals and international program offerings."

Dr. James K. Weeks, Dean of the Bryan School of Business and Economics of The University of North Carolina at Greensboro added, "China is now the leading country in the world in sending college students to the United States with over 129,000 students enrolled in US universities last year.  With over 100 academic majors, a diverse student body and an outstanding faculty, we welcome the students from our new partner's universities to experience an UNCG education. We look forward to building a long term relationship with ChinaCast Education to broaden our global education partnerships and international community of students."

About the University of North Carolina at Greensboro

Established in 1891, the University of North Carolina at Greensboro is a public, coeducational, doctoral-granting, residential university.  UNCG is located in Greensboro, North Carolina, the third-largest city in North Carolina and is located about halfway between Atlanta and Washington, D.C.  The university has approximately 18,500 students and an alumni base of more than 100,000 graduates from 46 states and more than 90 countries.  UNCG's picturesque campus, which has over 30 academic buildings and 24 residence halls on 210 acres, includes a nationally recognized library, modern computer labs, a prestigious art museum, and access to one of the largest telescopes in the southeastern United States.  UNCG's mission is to redefine the public research university for the 21st century as an inclusive, collaborative and responsive institution making a difference in the lives of students and the communities it serves.  In keeping with that mission, UNCG is a learner-centered, inclusive and innovative institution, providing the challenges, supportive environment and community engagement that fuel growth and elevate achievement in a complex and changing world.

About ChinaCast Education Corporation

Established in 1999, ChinaCast Education Corporation is a leading post-secondary education and e-learning services provider in China. The Company provides post-secondary degree and diploma programs through its three fully accredited universities:  The Foreign Trade and Business College of Chongqing Normal University located in Chongqing; Lijiang College of Guangxi Normal University located in Guilin; and Hubei Industrial University Business College located in Wuhan.  These universities offer four year and three year, career-oriented bachelor's degree and diploma programs in business, finance, economics, law, IT, engineering, hospitality and tourism management, advertising, language studies, art and music.

The Company also provides 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 and vocational training courses. The Company is listed on the NASDAQ Global Select Market 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 10-K for the fiscal year ended December 31, 2009. 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.