IPDN Announces the Establishment of a New Subsidiary to Enter K12 Education Market in China
June 18 2019 - 3:49PM
Professional Diversity Network, Inc. (NASDAQ: IPDN, the “Company”),
a global developer and operator of online and in-person networks
that provides access to networking, training, educational and
employment opportunities for diverse individuals, announced the
establishment of a new subsidiary- Kids Enrichment Academy Ltd.
(欢乐童行北京教育科技发展有限公司) (“KEA”).
Kids Enrichment Academy (“KEA”) is a wholly owned subsidiary of
Jiangxi PDN Culture Media Co., Ltd. (“JXPDN”). Headquartered in
Beijing, the subsidiary will offer after-school and online
education programs for primary and secondary schools in China.
Through a combination of online and offline experience, KEA will
create a variety of programs including science education,
STEAM education (an educational approach to learning that
uses Science, Technology, Engineering, Arts and Mathematics as
access points for guiding student inquiry, dialogue, and critical
thinking), mental health education, etc.
According to the “2019 China Education Industry
Research Report” by Amazing House, China’s K12 education market
size was about 880 billion RMB in 2018. By 2019, the market size is
expected to reach 1 trillion RMB, with a compound annual growth
rate of 16.2% in five years. As a subdivision in the K12 field,
after-school educational programs are also in high demand.
According to the National Statistical Reports on Education
Development and “2017 China Family Quality Education Consumption
Report” by Rayee ACE, the potential market size of after-school
educational programs in China by 2020 will reach 171 billion
RMB.
“Education has always been our focus since IPDN
entered the China market in 2017,” said Michael Wang, Chairman and
CEO of Professional Diversity Network. “After a long period of
research and analysis, we believe after-school education is a very
promising niche market. Currently, we are working on the production
of our first after-school online course ‘The Rising Youth’. At the
same time, we are developing other exciting courses in science,
STEAM education, and mental health. KEA is determined to become a
major player in the after-school education field in China.”
About Professional Diversity
Network Professional Diversity Network, Inc.
(NASDAQ: IPDN) is a global developer and operator of online and
in-person networks that provides access to networking, training,
educational and employment opportunities for diverse professionals.
We operate subsidiaries in the United States and China including
International Association of Women (IAW), which is one of the
largest, most recognized networking organizations of professional
women in the country, spanning more than 200 industries and
professions. Through an online platform and our relationship
recruitment affinity groups, we provide our employer clients a
means to identify and acquire diverse talent and assist them with
their efforts to comply with the Equal Employment Opportunity
Office of Federal Contract Compliance Program. Our mission is to
utilize the collective strength of our affiliate companies,
members, partners and unique proprietary platform to be the
standard in business diversity recruiting, networking and
professional development for women, minorities, veterans, LGBT and
disabled persons globally.
Forward-Looking StatementsThis
press release contains certain forward-looking statements based on
our current expectations, forecasts and assumptions that involve
risks and uncertainties. This release does not constitute an offer
to sell or a solicitation of offers to buy any securities of any
entity. Forward-looking statements in this release are based on
information available to us as of the date hereof. Our actual
results may differ materially from those stated or implied in such
forward-looking statements, due to risks and uncertainties
associated with our business, which include the risk factors
disclosed in our most recently filed Annual Report on Form 10-K and
in our subsequent filings with the Securities and Exchange
Commission. Forward-looking statements include statements regarding
our expectations, beliefs, intentions or strategies regarding the
future and can be identified by forward-looking words such as
"anticipate," "believe," "could," "estimate," "expect," "intend,"
"may," “plan,” "should," and "would" or similar words. We assume no
obligation to update the information included in this press
release, whether as a result of new information, future events or
otherwise. Our most recently filed Annual Report on Form 10-K,
together with this press release and the financial information
contained herein, are available on our website, www.prodivnet.com.
Please click on "Investor Relations."
IR Contact:Dragon Gate
Investment Partners, LLCTel: +1 (646)-801-2803 Email:
ipdn@dgipl.com
Professional Diversity N... (NASDAQ:IPDN)
Historical Stock Chart
From Apr 2024 to May 2024
Professional Diversity N... (NASDAQ:IPDN)
Historical Stock Chart
From May 2023 to May 2024