ChinaEdu to Provide Recruiting and Support Services to Eight New University Partners Through Its Learning Center Network
July 21 2008 - 8:36AM
PR Newswire (US)
BEIJING, July 21 /Xinhua-PRNewswire-FirstCall/ -- ChinaEdu
Corporation (NASDAQ:CEDU) ("ChinaEdu" or "the Company"), an
educational services provider in China, today announced that it has
signed education cooperation agreements with eight of the 68
universities approved to issue online degrees by the Ministry of
Education in China. ChinaEdu will provide these institutions with
recruiting services for the universities' already established
online degree programs. These services will be conducted through
the Company's self-owned and franchised learning center network for
an initial period of five years or less. These new agreements bring
ChinaEdu's total number of online degree partnerships to twenty,
the scope and duration of which vary by university. The twelve
previously signed contracts are exclusive partnerships by which
ChinaEdu provides comprehensive services including academic program
development, technology services, enrollment marketing, student
support services and finance operations. The eight new university
partners are: Southwest Jiaotong University, the University of
Electronic Science and Technology (Chengdu), Chinese Geology
University (Wuhan), Chinese Geology University (Beijing), Northeast
Normal University, Beijing Jiaotong University, Fujian Normal
University and South China Normal University. ChinaEdu is one of
three institutions approved to operate a learning center network in
multiple provinces in China. In February 2007, the Ministry of
Education gave ChinaEdu the approval to open 10 learning centers in
Beijing, Shanghai, Jiangsu and Zhejiang. In addition to these
wholly-owned learning centers, and in cooperation with its
university partners, ChinaEdu also established additional 32
franchised learning centers located in Jiangxi Province, Guangzhou,
Changchun, among other locations. Of the 32 franchised learning
centers, 13 have already launched student and recruitment services.
ChinaEdu is continuously expanding its learning center network to
accommodate the increasing demand for these services among
universities in China. Julia Huang, Chief Executive Officer of
ChinaEdu Corporation, commented, "We are pleased to have added
eight very reputable institutions to our esteemed list of
university partners. We believe our learning center network will
add considerable value to the high-quality services they already
provide to their students. It will also enable us to take a more
hands-on approach to the marketing and provision of these
services." "This is an important milestone for ChinaEdu as
expanding our learning center network is a key component of our
growth strategy. By complementing our flagship online degree
services and providing a more complete service offering, we aim to
capitalize on the growing demand for distance education services.
These new partnerships are evidence of our ability to deliver on
that strategy," Ms. Huang continued. Information on Universities:
Southwest Jiaotong University was founded in 1896 and was moved to
Chengdu in 1989. It is one of the oldest engineering universities
in China. The university has 18 schools, three departments and two
divisions, with students totaling more than 38,000 and over 3,900
professors and staff members. University of Electronic Science and
Technology (Chengdu) was founded in 1958 as part of a new type of
university established by the Chinese Academy of Sciences that
fosters educated professional in the field of science and
technology. The university has nine schools, 23 departments with
students totaling more than 13,000 and over 3,600 professors and
staff members. Chinese Geology University (Wuhan) / Chinese Geology
University (Beijing) was founded in Beijing in 1952 and was later
moved to Wuhan in 1975. In 1987 the university divided its
departments and institution with locations in both Wuhan and
Beijing. The university specializes in the field of geology,
resources, environment, and combines geological engineering
technology with social sciences and management courses. The
university has more than 44,000 students and about 1,000
professors. Northeast Normal University was founded in 1946 in
Benxi, Liaoning Province but was later moved to Changchun city,
Jilin province in 1949. The university has 19 schools, 56
undergraduate specialties and a graduate school, which offers 145
M.A. degree specialties, and 77 Ph.D. degree specialties. The
university has more than 22,000 students and around 1,300
professors. Beijing Jiaotong University was founded in 1896. The
university consists of two basic departments: international
exchanges and international students. The university currently has
around 22,000 students and more than 2,700 professors and staff
members. Fujian Normal University was founded in 1907 and is Fujian
Province's oldest university. There are currently 28 colleges,
which together offer 56 undergraduate programs, over 120 master
programs about 50 doctoral programs and seven post-doctoral
research centers. The university currently has around 22,000
students and 2,600 professors and staff members. South China Normal
University was established in 1933. The university comprises of 24
schools and one department offering programs, which include a
certificate, a bachelor's degree, a master's degree and a doctoral
degree. The university has more than 29,000 students and 1,600
professors and staff members. About ChinaEdu ChinaEdu Corporation
is an educational services provider in China, incorporated as an
exempted limited liability company in the Cayman Islands.
Established in 1999, the Company's primary business is to provide
comprehensive services to the online degree programs of leading
Chinese universities. These services include academic program
development, technology services, enrollment marketing, student
support services and finance operations. The Company's other lines
of businesses include the operation of private primary and
secondary schools, online interactive tutoring services and
providing marketing and support for international curriculum
programs. The Company believes it is the largest service provider
to online degree programs in China in terms of the number of higher
education institutions that are served and the number of student
enrollments supported. The Company currently has strategic
relationships with 20 universities to support their online degree
programs. Forward-Looking Statement This press release contains
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including certain plans,
expectations, goals, and projections, which are subject to numerous
assumptions, risks, and uncertainties. Forward-looking statements
involve known and unknown risks, uncertainties and contingencies,
many of which are beyond our control which may cause actual
results, levels of activity, performance or achievements to differ
materially from any future results, levels of activity, performance
or achievements expressed or implied by such forward-looking
statements. The Company's actual results could differ materially
from those contained in the forward-looking statements due to a
number of factors, including those described under the heading
"Risk Factors" in the Company's final prospectus filed with the
Securities and Exchange Commission on December 11, 2007, and in
documents subsequently filed by the Company from time to time with
the Securities and Exchange Commission. Unless required by law, the
Company undertakes no obligation to (and expressly disclaim any
such obligation to) update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. For more information, please contact: Investor
Contacts In China: S. Jimmy Xia ChinaEdu Corporation Tel:
+86-10-8418-6655 x1150 Email: Pamela Leung Taylor Rafferty, Hong
Kong Tel: +852-3196-3712 Email: In the United States: Jessica
McCormick, Taylor Rafferty, New York Tel: +1-212-889-4350 Email:
DATASOURCE: ChinaEdu Corporation CONTACT: In China, S. Jimmy Xia of
ChinaEdu Corporation, +86-10-8418-6655 x1150, or ; or Pamela Leung
of Taylor Rafferty, Hong Kong, +852-3196-3712,or , or in the United
States, Jessica McCormick of Taylor Rafferty, New York,
+1-212-889-4350, or , both for CEDU
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