HQ Global Education Inc. (Formerly Green Star Mining Corp.) Begins Trading Today With New Stock Symbol: HQGE
March 22 2010 - 8:00AM
Marketwired
Following a name change from Green Star Mining Corp. (OTCBB: GSTR),
HQ Global Education Inc. announced that its
shares will begin trading today on the OTC Bulletin Board with a
new stock symbol: (OTCBB: HQGE).
HQ Global Education controls and operates eight vocational
schools in China under the widely known "HQ" brand and is one of
China's leading providers of customized or "order-oriented"
vocational education. In cooperation with 120 participating
employers, HQ schools provide the skilled workers required by these
enterprises, which results in a 100% employment rate for all
graduates of its programs.
Mr. Guangwen He, Chairman and CEO of the Company, and founder of
the vocational school in 1994, commented, "Following our successful
reverse merger, we are pleased to have taken this next step in
expanding investor awareness of our Company and the outstanding
growth opportunity that lies before us. As China continues to grow,
we are a proven leader in helping to meet the severe shortages of
skilled blue collar workers developing in a variety of industries.
We will continue to expand the number of industries and students we
serve with our innovative 'order oriented' educational
programs."
The Company also announced that it is officially changing its
fiscal year end from February 28 to August 31 to be synchronized
with its management processes and education cycles.
HQ Global Education Inc. ("HQ")
As of the first semester of 2010, a faculty and support staff of
nearly 2800 served a total of approximately 32,238 HQ students from
21 provinces throughout China. They are taught a wide range of
vocational skills in approximately 60 programs in 17 technical
career categories at eight vocational schools in the Sichuan and
Hunan Provinces. In cooperation with more than 120 participating
employers, HQ has become increasingly synonymous throughout China
with superior training to meet employer needs and for producing
outstanding technical specialists with immediate jobs and
fulfilling career opportunities. In the twelve months ended August
31, 2009, the Company's revenues were $36.1 million (+25.4%,
compared with the prior year) and net income was $10.67 million
(+36.8%) as reported in pro-forma statements filed with the U.S.
Securities and Exchange Commission following completion of the
reverse merger in February this year. EPS, based on net income of
$10.67 million and 33 million shares outstanding, was $0.32.
Information Regarding Forward-Looking
Statements
Except for historical information contained herein, the
statements in this press release are forward-looking statements
that are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which
may cause our actual results in future periods to differ materially
from forecasted results. These risks and uncertainties include,
among other things, product demand, market competition, and risks
inherent in our operations. These and other risks are described in
our filings with the U.S. Securities and Exchange Commission.
Contacts: Mr. Guangwen He Chairman and Chief Executive Officer
HQ Global Education Inc. Tel: (86 731) 87828601 Fax: (86 731)
87828601 In the U.S. Ken Donenfeld DGI Investor Relations
donfgroup@aol.com kdonenfeld@dgiir.com Tel: 212-425-5700 Fax:
646-381-9727