HARBIN, China, Nov. 30, 2011 /PRNewswire-Asia-FirstCall/ --
China Education Alliance, Inc. (NYSE: CEU) announced today the
appointment of Ms. Cloris Li as
Chief Financial Officer, effective November
30, 2011. Ms. Cloris Li
replaces Ms. Alice Lee Rogers, who
is taking on a new role as Vice President of the Company's
North America business and
operations. She became the Company's Chief Financial Officer in
March 2011.
Ms. Cloris Li has acquired
substantial experience in professional accounting and auditing,
financial planning, tax advising, risk control and internal
controls. In 2010 and 2011, Ms. Cloris
Li worked as a consultant for PricewaterhouseCoopers in
China where she provided audit,
internal control advisory and SOX compliance services to both
private and public companies. Prior to that she was Vice President
at China Authority Holding Inc., a Chinese investment firm that
also provides advisory services to companies going public from 2007
to 2009. From 2004 to 2006, she was a senior auditor and tax
advisor in Romano Business Accountants Pty. Ltd. In 2003, she
worked as an associate at Zhejiang Xiacheng Certified Public
Taxation Accounts and Zhejiang Hongda Certified Public Accounts.
Ms. Cloris Li graduated with a BA in
Accounting from Queensland University
Technology in Australia. She is a
Certified Public Accountant and a member of Certified Public
Accountant Australia.
"We are pleased to have Cloris on board as our Chief Financial
Officer," said Mr. Xiqun Yu, CEO of
China Education Alliance, Inc. "She has been involved, and acquired
relevant skills, in all aspects of the life of a public company in
the financial markets. We are fully committed to transparency and
best corporate governance practices and we believe that her
financial skills and professional experience will help us reach a
higher level. We expect Cloris to play a leading role in our
business expansion and strengthen our internal financial controls,
and financial planning and reporting.
"I also want to thank Ms. Alice Lee
Rogers for her hard work and commitment to our Company. We
look forward to continuing to work with her in her new role."
About China Education Alliance, Inc.
China Education Alliance, Inc. (www.chinaeducationalliance.com)
is a fast-growing, leading, China-based company offering high-quality
education resources and services to students ages 6 to 18 and
adults (university students and professionals) ages 18 and over.
For students ages 6 to 18, China Education Alliance offers
supplemental, online exam-oriented training materials and onsite,
exam-oriented training and tutoring services. The company provides
online, downloadable famous-teacher resources and onsite,
personalized instruction. All resources and tutoring services are
provided by famous teachers within mainland China. The purpose of online exam-orientated
resources and onsite tutoring is to help Chinese students (ages 6
to 18) pass the two most important and highly competitive exams in
their educational career: the senior high school entrance and
college entrance exams. For graduates and professionals age 18 and
over, China Education Alliance provides vocational training
including IT and several professional training programs.
Safe Harbor Statement
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: Certain statements in
this press release, constitute forward-looking statements for
purposes of the safe harbor provisions under The Private Securities
Litigation Reform Act of 1995. These statements include, without
limitation, statements regarding our ability to prepare the company
for growth, the Company's planned expansion in
2009 and predictions and guidance relating to the
Company's future financial performance. We have based
these forward-looking statements largely on our current
expectations and projections about future events and financial
trends that we believe may affect our financial condition, results
of operations, business strategy and financial needs and are not a
guarantee of future performance but they involve risks
and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements, which may
include, but are not limited to, such factors as unanticipated
changes in product demand especially in the education industry,
pricing and demand trends for the Company's products,
changes to government regulations, risk associated with operation
of the Company's new facilities, risk associated with
large scale implementation of the company's business
plan, the ability to attract new customers, ability to increase its
product's applications, cost of raw materials,
downturns in the Chinese economy, and other information detailed
from time to time in the Company's filings and future
filings with the United States Securities and Exchange Commission.
Investors are urged to consider these factors carefully in
evaluating the forward-looking statements herein and are cautioned
not to place undue reliance on such forward-looking statements,
which are qualified in their entirety by this cautionary statement.
The forward-looking statements made herein speak only as of the
date of this press release, readers are cautioned not to place
undue reliance on any of them and the Company undertakes no duty to
update any forward-looking statement to conform the statement to
actual results or changes in the company's
expectations.
For more information, please contact:
Jenny Wu
Tel: +852 2232 3907
jwu@christensenIR.com
SOURCE China Education Alliance, Inc.