BEIJING, July 20 /PRNewswire-Asia-FirstCall/ -- ChinaEdu
Corporation (Nasdaq: CEDU) ("ChinaEdu" or "the Company"), a leading
educational services provider in China, today announced that it has updated its
corporate website, http://www.chinaedu.net , to incorporate its new
online learning community for adult students, which will undergo
continuous update and development. In the meantime, it has signed a
partnership agreement with Livemocha.
ChinaEdu's online learning community for adult students
currently serves the Company's students with a series of social
network services centered around their online colleges, classes and
academic disciplines. Other content such as skills training and
test preparation will also be added in the future. ChinaEdu also
intends to broaden its reach to all adult students. Under the
Company's agreement with Livemocha, ChinaEdu will act as a sales
representative for Livemocha in China through the learning community for a
period of three years. Livemocha's award-winning online language
learning course, Active English, will be promoted through
http://www.chinaedu.net .
Julia Huang, Chairman and CEO of
ChinaEdu, said: "We have seen a fundamental shift in English
language learning, moving from traditional brick and mortar
learning methods to innovative online courses. We are excited to be
working with Livemocha, which provides a social approach to online
English language learning. Its award-winning Active English course,
combined with a learning community of over six million members,
gives every student the ability to communicate with native English
speakers to improve their English language skills."
Shirish Nadkarni, Founder and
Chief Strategy Officer of Livemocha, said: "We are excited about
the opportunity to work with ChinaEdu, a leader in online education
in China. Both companies share
similar visions in wanting to bring true innovation to online
language learning in China. By
working together, we bring an unrivaled English language learning
solution to the Chinese market."
About Livemocha
Livemocha is a Seattle-based
company that is redefining language learning by combining dynamic
online courses in over 30 languages with the world's largest
community of native language speakers. Since launching in
September 2007, Livemocha has grown
to more than six million members from over 200 countries,
underscoring the strong demand for an engaging, collaborative
approach to language learning. There are currently over 375 million
people wanting to learn a language worldwide, and the market is
currently estimated to be over $80
billion, fueled by rapid globalization, immigration and
travel. For more information about Livemocha, please visit
http://www.livemocha.com .
Livemocha Active English is an award winning series of 12
interactive online courses focused on real conversational English.
The online courses range from beginner to advanced levels, and
include interactions with a language community of over six million
members worldwide. Each lesson includes interactions with English
native speakers to provide a more engaging and effective learning
experience. Active English was developed in partnership with
Pearson Education, the global leader in educational publishing.
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, support for international curriculum programs
and online learning community for adult students.
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 16 long-term contracts that generally vary from 10 to
50 years in length. ChinaEdu also performs recruiting services for
18 universities through our nationwide learning center network.
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
Annual Report on Form 20-F for the year ended December 31, 2009, 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:
Company Contacts:
Lily Liu, CFO
ChinaEdu Corporation
Phone: +86-10-8418-6655 x1002
Email: ir@chinaedu.net
S. Jimmy Xia, IR Manager
ChinaEdu Corporation
Phone: +86-10-8418-6655 x1150
Email: ir@chinaedu.net
SOURCE ChinaEdu Corporation