Kid Castle Becomes the Leading Franchise Pre-School Operation in China
25 Februar 2004 - 11:55AM
PR Newswire (US)
Kid Castle Becomes the Leading Franchise Pre-School Operation in
China TAIPEI, Taiwan, Feb. 25 /PRNewswire-FirstCall/ -- Kid Castle
Educational Corporation (BULLETIN BOARD: KDCE) celebrates the
opening of its 100th Kid Castle franchise school in China's
ChanChung city, Jilin province. This represents a remarkable
achievement for Kid Castle, as the company has operated for only
two years in mainland China. In that brief period, Kid Castle has
become the country's leading franchise pre-school operator. In
spite of the impact of the SARS epidemic on the region, Kid Castle
has remained on schedule with its aggressive expansion throughout
China. In particular, Kid Castle has formed strategic alliances
with China Haier Group, the country's leading electronic appliance
manufacture, as well as with 21st Century Publishing Company. With
these business partners, Kid Castle has secured an excellent
opportunity to penetrate the China market with its 'Digital
Classroom' and direct-sale publication products. Mr. Yu-En Chiu,
CFO of Kid Castle, expects that the above cooperation will bring
about a great contribution to the company's continued financial
performance. Furthermore, in the interest of the company broadening
its exposure to international investors, the board of directors of
Kid Castle has agreed to apply for AMEX listing and has begun
preparing the related documentation for review by the Exchange.
About Kid Castle Educational Corporation Kid Castle Educational
Corporation (http://www.kidcastle.com/) is a Taiwan based provider
of English language instruction and educational services to
children for whom Chinese is their primary language. Contact: Yu-En
Chiu CFO of Kid Castle Educational Corporation +886-2-2218-5996
DATASOURCE: Kid Castle Educational Corporation CONTACT: Yu-En Chiu,
CFO of Kid Castle Educational Corporation, +886-2-2218-5996 Web
site: http://www.kidcastle.com/
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