INTAC Expands Role With the Ministry of Education in China
20 Oktober 2005 - 9:34PM
PR Newswire (US)
HONG KONG, Oct. 20 /PRNewswire-FirstCall/ -- On October 20, 2005,
INTAC International, Inc. (Nasdaq: INTN; FSE: WKN 805768) (the
"Company") a leading provider of a full range of integrated
educational and career development services in China, today
announced that its subsidiary, Beijing Intac Purun Educational
Development Ltd. ("Intac Purun"), has expanded its agreement with
the Education Management Information Center ("EMIC") of the
Ministry of Education of China (the "MOE") to cooperate with the
EMIC's China Employment Service Information Network for Graduates
of China's Higher Education Institutions, which operates on the
http://www.myjob.edu.cn/ ("MyJob") website. MyJob will provide
employment information services to graduates of China's higher
education institutions nationwide, and will contain information on
over 3.5 million students in China scheduled to graduate in the
2005-2006 school year. The MyJob database will be combined with the
database of 3.3 million graduates previously made available by the
EMIC to Intac Purun to produce the most comprehensive career
development database in China. The EMIC has chosen Intac Purun as
its exclusive partner in developing and maintaining the MyJob
database to help graduates of higher education institutions obtain
employment. Under Intac Purun's existing relationship with the
EMIC, Intac Purun had been granted exclusive access to the database
on university graduates maintained by the EMIC for use by Intac
Purun in providing job training and placement services. Under the
new expanded agreement, the EMIC has commissioned Intac Purun to
collect data and develop businesses pertaining to employer
recruitment and student placement through the use of the MyJob
website. The services to be provided to MyJob by Intac Purun will
include: * collecting employer recruitment information; *
conducting recruitment services for employers; * providing
individualized SMS, evaluation and career guidance services to
students; * collecting data on 2006 graduates; and * continuing to
provide technical support to MyJob. "This agreement gives INTAC the
opportunity to strengthen its relationship with the MOE and to
further expand and commercialize its existing student database,"
said Wei Zhou, Chairman and CEO of INTAC. "We are pleased to
continue to work with the MOE in this expanded partnership, which
will certainly provide us with more business opportunities in
China's fast growing education market." "After collecting the data
on the 2006 graduates in China, which is estimated to be around 3.5
to 4.0 million students, MyJob will have the largest database of
the 2006 graduate student population in China," says Mr. Liou,
senior officer of the EMIC. Although Intac Purun intends to
continue to pursue providing career training and job placement
services through its website phr.bank.com , Intac Purun believes
that the expanded relationship with the EMIC will help Intac Purun
develop these career development services by enhancing branding
recognition and through access to the MyJob database. About INTAC
International, Inc. INTAC International, Inc. is a leading provider
of a full range of integrated educational and career development
services as well as management software products for educational
institutions in China. INTAC International is also engaged in the
distribution of premium brand wireless handset products
distribution business. About the EMIC The Education Management
Information Center is a departmental agency under the Ministry of
Education of China, responsible for planning and managing
information systems for the Ministry of Education. About MyJob
China Employment Service Information Network for Graduates of
China's Higher Education Institutions or http://www.myjob.edu.cn/ ,
is a website sponsored by the Ministry of Education of China and
undertaken by the EMIC for the purpose of providing employment
information services to graduates of China's higher education
institutions. Forward-Looking Statements This press release
contains certain "forward-looking statements." Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause our actual results, performance or
achievements expressed or implied by such forward-looking
statements to differ materially from those projected or implied.
Factors that could cause or contribute to such differences include,
among other things: changes in general business conditions; the
impact of competition in our industry, especially in the Asia-
Pacific Rim; the added expense structure assumed by us as a U.S.
public company; political and economic events and conditions in
jurisdictions in which we operate; Internet laws and regulations of
the government of The People's Republic of China, or the PRC, that
are unclear and may change in the near future; regulation and
censorship of information distribution in China which may adversely
affect our business; political and economic policies of the PRC;
the risk of the loss of the agreements, or the exclusivity terms,
with the PRC's Education Management Information Center; the high
cost of Internet access that may limit the growth of the Internet
in China and impede our growth; advertising and e-commerce
customers that have only limited experience using the Internet for
advertising or commerce purposes; the acceptance of the Internet as
a commerce platform in China which depends on the resolution of
problems relating to fulfilment and electronic payment; concerns
about security of e-commerce transactions and confidentiality of
information on the Internet that may increase our costs, reduce the
use of our Internet portal and impede our growth; our network
operations that may be vulnerable to hacking, viruses and other
disruptions, which may make our products and services less
attractive and reliable; changes in interest rates, foreign
currency fluctuations and capital market conditions; and other
factors including those detailed under the heading "Risk Factors"
and elsewhere in the INTAC's annual report on Form 10-K for the
fiscal year ended December 31, 2004 and quarterly reports on Form
10-Q for the quarters ended March 31 and June 30, 2005, as filed
with the Securities and Exchange Commission. We disclaim any
intention or obligation to revise any forward-looking statements
whether as a result of new information, future events or otherwise.
INTAC undertakes no obligation to update any forward-looking
statements made in this media release. Contact: J. David Darnell,
Senior Vice President and Chief Financial Officer, 469-916-9891,
for further information. Internet:
http://www.intac-international.com/ DATASOURCE: INTAC
International, Inc. CONTACT: J. David Darnell, Senior Vice
President and Chief Financial Officer of INTAC International, Inc.,
+1-469-916-9891 Web site: http://www.intac-international.com/
http://www.myjob.edu.cn/
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