www.chinaeducationresources.com
VANCOUVER,
May 29, 2014 /CNW/ - China Education
Resources, Inc. ("CER") (TSXV: CHN, OTCQX: CHNUF), a leading
technology and content provider of intelligent system, online
learning, training courses and social media for teachers, students
and education professionals, announced today that its wholly owned
subsidiary company in China,
Today's Teachers Technology & Culture Ltd. ("TTTC"), signed a
strategic partnership agreement with a major China local teacher continuous training
company to form a strategic task team for creating additional sales
revenue for both companies through utilizing the resources
available from both companies.
"We expect this to be a prosperous agreement for
both parties," said Chengfeng Zhou,
CEO, China Education Resources. "The partnership will have the
synergy effect of bringing together both parties' training contents
and sales channels to deliver teacher training programs under CER's
brand "New Thinking" to China Kindergarten to Grade 12 teachers via
CER's online training platform". We are very pleased with the
agreement which will significantly reduce our cost of marketing and
development of teacher training programs and can generate more
revenue to both parties. Due to the increase in the number of
teachers involved in the training, we can also do cross selling of
our other products and services at the same time."
CER also advises that Mr. Mark Scott has resigned from the Board of
Directors of CER for personal reasons. We thank Mark's
contributions to CER and wish the best to his future endeavor. Mr.
Mark Scott will continue to provide
advisory service to CER after his resignation.
CER appointed Mr. Yan
Tian to be a member of the Board of Directors of CER. Mr.
Yan Tian has more than 30 years
experience in banking and investment area. He currently is the
Managing Director of Alexion Bio-Technologies (Nanjing) LLC and financial advisor to various
companies. Mr. Yan Tian held
Economist title at Bank of China
and worked 13 years for Bank of China. He was the Chief Representative in
Beijing for Hong Leong Investment
Ltd., a Singapore investment firm.
He was also the Senior Investment Manager of China Dynamic
Investment Management (HK) Ltd. (a joint venture investment fund by
Bank of China and H&Q Asia
Pacific, a Silicon Valley private equity firm). Mr. Yan Tian earned his Master of Business
Administration from The State University of
New York at Buffalo in 1988.
In collaboration with China's education administrators and experts,
China Education Resources has been helping to transform the
curriculum of the world's largest educational system. Recognizing
the need to address education reform changes, China Education
Resources has created educational tools and curriculum for
China's entire kindergarten
through twelfth grade system. The Company is playing an integral
part in transforming China's
educational system by helping to convert the existing educational
system from a memory-based learning system to a creative thinking
and interactive approach. Presently, China Education Resources has
over one million kindergarten through twelfth grade teachers
registered through its Web portal. For more information, please
visit www.chinaeducationresources.com or call (604) 331-2388.
Safe Harbor Statement
Certain statements made herein, and other
statements relating to matters that are not historical facts and
statements of our beliefs, intentions and expectations about
developments, results and events which will or may occur in the
future, constitute "forward-looking information" within the meaning
of applicable securities legislation. Forward-looking information
and statements are typically identified by words such as
"anticipate", "could", "should", "expect", "seek", "may", "intend",
"likely", "plan", "estimate", "will", "believe" and similar
expressions suggesting future outcomes or statements regarding an
outlook. All such forward-looking information and statements are
based on certain assumptions and analysis made by China Education
Resources, Inc.'s management in light of their experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors management believes
are appropriate in the circumstances. These statements, however,
are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those projected in the forward-looking information
or statements. Important factors that could cause actual results to
differ from these forward-looking statements include those
described under the heading "Risks and Uncertainties" elsewhere in
the Company's MD&A filed at www.SEDAR.com. The reader is
cautioned not to place undue reliance on forward-looking
information or statements. Except as required by law the Company
does not assume the obligation to revise or update these forward
looking statements after the date of this document or to revise
them to reflect the occurrence of future, unanticipated events.
The TSX Venture Exchange has not reviewed, and
does not accept, responsibility for the adequacy or accuracy of the
contents of this press release.
SOURCE China Education Resources Inc.