China Education Alliance Announces First Day of Trading on NYSE Amex
16 Juli 2009 - 3:55PM
PR Newswire (US)
HARBIN, China, July 16 /PRNewswire-Asia-FirstCall/ -- China
Education Alliance, Inc., a leading distributor of educational
resources offering high-quality programs and training through both
online networks and onsite training centers in the People's
Republic of China, announced that its common stock will begin
trading on NYSE Amex on July 20, 2009, under the new ticker symbol
"CEU." In the meantime, the Company's stock will continue to trade
on the Over-the-Counter Bulletin Board under the symbol "CEUA.OB".
"We are very pleased that our steadfast commitment to increasing
our growth and profitability, as well as our efforts to improve
corporate governance to meet the requirements of a senior exchange,
have led to our listing on NYSE Amex," said Mr. Xiqun Yu, Chief
Executive Officer of China Education Alliance, Inc. "We are honored
to be approved for trading on this senior exchange, and we expect
our listing will provide substantial leverage for us to broaden our
visibility in the U.S. capital markets and to strengthen and grow
our investor base." About China Education Alliance, Inc. China
Education Alliance, Inc. (NYSE Amex: CEU) is a fast growing,
leading China-based company offering high-quality education
resources and services to students ages 6 to 18 and adults ages 18+
(University students and professionals). For students ages 6 to 18,
China Education Alliance, Inc. offers supplemental, online
exam-oriented training materials and on-site exam-oriented training
and tutoring services. The company is providing on-line,
downloadable, famous teachers resources and on-site face-to-face
instructions. All resources and tutoring services are provided by
famous teachers within mainland China. The purpose of online
exam-orientated resources and on-site tutoring is to help Chinese
students ages 6 to 18 to pass the two most important and highly
competitive exams in their educational career: senior high school
entrance exam and college entrance exam. For graduates and
professionals age 18+, China Education Alliance provides vocational
training including IT and several professional training programs.
In addition, the Company is providing comprehensive English
programs that are taught by North American instructors to assist
graduates and professionals in learning the English language, both
written and conversational in order to better able them to work for
a foreign corporation or work-study abroad. At present, five
English schools are operating nationwide in China. For more
information about CEUA, please visit
http://www.chinaeducationalliance.com/ . About NYSE Euronext NYSE
Euronext (NYX) is a leading global operator of financial markets
and provider of innovative trading technologies. The company's
exchanges in Europe and the United States trade equities, futures,
options, fixed-income and exchange-traded products. With more than
8,000 listed issues, NYSE Euronext's equities markets -- the New
York Stock Exchange, Euronext, NYSE Arca and NYSE Amex -- represent
nearly 40 percent of the world's equities trading, the most
liquidity of any global exchange group. NYSE Euronext also operates
NYSE Liffe, the leading European derivatives business and the
world's second-largest derivatives business by value of trading.
The company offers comprehensive commercial technology,
connectivity and market data products and services through NYSE
Technologies. NYSE Euronext is in the S&P 500 index, and is the
only exchange operator in the S&P 100 index and Fortune 500.
For more information, please visit: http://www.nyx.com/ . Safe
Harbor Statement Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995: Certain statements in this press
release, constitute forward-looking statements for purposes of the
safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. These statements include, without limitation,
statements regarding our ability to prepare the company for growth,
the Company's planned expansion in 2008 and predictions and
guidance relating to the Company's future financial performance. We
have based these forward- looking statements largely on our current
expectations and projections about future events and financial
trends that we believe may affect our financial condition, results
of operations, business strategy and financial needs and are not a
guarantee of future performance but they involve risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements, which may include,
but are not limited to, such factors as unanticipated changes in
product demand especially in the education industry, pricing and
demand trends for the Company's products, changes to government
regulations, risk associated with operation of the Company's new
facilities, risk associated with large scale implementation of the
company's business plan, the ability to attract new customers,
ability to increase its product's applications, cost of raw
materials, downturns in the Chinese economy, the adoption by
consumers of its new game business, the unproven advertising model
that is dependent on attracting a large game user base, and other
information detailed from time to time in the Company's filings and
future filings with the United States Securities and Exchange
Commission. Investors are urged to consider these factors carefully
in evaluating the forward-looking statements herein and are
cautioned not to place undue reliance on such forward-looking
statements, which are qualified in their entirety by this
cautionary statement. The forward-looking statements made herein
speak only as of the date of this press release, readers are
cautioned not to place undue reliance on any of them and the
Company undertakes no duty to update any forward-looking statement
to conform the statement to actual results or changes in the
company's expectations. For more information, please contact: At
the Company: Ms. Susan Liu, CFO China Education Alliance, Inc. Tel:
+1-778-388-8513 Email: Investor Relations: RedChip Companies, Inc.
Jon Cunningham, Investor Relations Tel: +1-800-733-2447 x107 Email:
DATASOURCE: China Education Alliance, Inc. CONTACT: Susan Liu, CFO
of China Education Alliance, Inc., +1-778-388-8513, ; Or Investor
Relations, Jon Cunningham of RedChip Companies, Inc.,
+1-800-733-2447 x107, Web site:
http://www.chinaeducationalliance.com/ http://www.nyx.com/
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