China Executive Education Files Its Annual Report on Form 10-K

China Executive Education Files Its Annual Report on Form 10-K

HANGZHOU, China, April 25, 2011 /PRNewswire-Asia-FirstCall/ -- China Executive Education Corp. (OTC Bulletin Board: CECX) ("China Executive Education" or the "Company"), a China-based executive training company, today announced that the Company has filed its 2010 Annual Report on Form 10-K with the United States Securities and Exchange Commission ("SEC"). The 2010 Annual Report can be accessed electronically at www.sec.gov.  

2010 Financial Highlights 

• Net revenue increased by $10.3 million or 124.9% as compared to the prior comparative period.
• Gross profit increased by $3.7 million, or 58.6%, to approximately $10 million in 2010, from $6.3 million in 2009.
• Net income decreased by $73,887 or 2.8% for the year ended December 31, 2010.

About China Executive Education Corp.

China Executive Education Corp., operating through MYL Business, is a fast-growing executive education company in China that offers comprehensive professional training programs in Hangzhou and Shanghai, two prosperous and commercial cities of China. Through open-enrollment training programs, including proprietary training courses and featured lectures, the company provides Chinese business executives with a variety of business training such as sales, marketing, leadership development, and highly effective personal skills development focused on decision-making skills, negotiation skills, public speaking skills and people skills. The training courses include a 7-course package for CEOs, as well as 22 other business development courses. The company is also one of very few business education training companies in China with the reputation and resources to attract world-renowned masters such as management guru Tom Peters, leadership guru John Maxwell, and relationship guru John Gray to China. China Executive Education Corp. will continue to pave the way for Chinese entrepreneurs who would like to have greater success going forward, helping them to reach international markets more easily. Since formally launching in April 2009, the company has provided its training programs to more than 5,000 Chinese business owners and executives from a broad range of industries.

Forward-Looking Statements

This press release may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding our management's expectations, hopes, beliefs, intentions, or strategies regarding the future, including the Company's ability to pursue its commercial objectives, the demand for and effectiveness of the Company's services, the Company's visibility, the Company's market share and the Company's future growth. In addition, the Company's operations are conducted in the PRC and, accordingly, are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe such as risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in the PRC and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve 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, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available at http://www.sec.gov. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.