VANCOUVER, March 26, 2012 /CNW/ - China Education Resources, Inc.
("CER") (TSXV: CHN) (OTCQX: CHNUF), a leading technology provider of
online learning, training courses, social networking and tools for
teachers, students and education professionals in China, is pleased to
provide an update to shareholders:
CER has been selected by Guizhou education authority to provide digital
textbook contents to the students of Guizhou province in 2012. CER is
in discussion with other provinces for similar digital textbook
"We are delighted to see progress across a number of our product
offerings. China's education digitization program is providing abundant
opportunities for CER and other education service providers. Over the
past few years, CER has developed the infrastructure to take advantage
of this business and it is beginning to bear fruit. This is especially
true of CER's portal (CERSP) which has been engaged by 14 provinces for
online teacher training programs and has over one million teachers
registered. We are also being increasingly approached by publishers and
content providers for digital education material development." said
Chengfeng Zhou, CEO, China Education Resources Inc..
CER is pleased to announce that Mr. Mark Scott has joined the Board of
Directors of CER. Mr. Scott is the owner of Daythan Capital the major
shareholder of D&M Publishers Inc., one of Canada's largest independent
book publishers. He is also the founder of BookRiff Media Inc., a new
digital content platform. Prior to acquiring D&M, Mr. Scott was
Managing Director, Office Head of Scotia Capital's Vancouver office.
Scotia Capital is the investment banking division of the Bank of Nova
Scotia. He spent six years as Managing Director in Hong Kong working
with Scotia Capital, and as Director of Asian Capital Partners, a
leading investment bank in Asia.
CER granted 1 million stock purchase options to two directors and six
employees. The exercise price of the option is $0.40 for five years.
These stock options are vested over a four year period.
In collaboration with China's education administrators and experts,
China Education Resources has been helping to transform the curriculum
of the world's largest educational system. Recognizing the need to
address education reform changes, China Education Resources has created
educational tools and curriculum for China's entire kindergarten
through twelfth grade system. The Company is playing an integral part
in transforming China's educational system through helping to convert
the existing educational system from a memory-based learning system to
a creative thinking and interactive approach. Presently, China
Education Resources has over 1 million kindergarten through twelfth
grade teachers registered as users of its CERSP web portal. For more
information, please visit www.chinaeducationresources.com or call (604) 331-2388.
Safe Harbor Statement
Certain statements made herein, and other statements relating to matters
that are not historical facts and statements of our beliefs, intentions
and expectations about developments, results and events which will or
may occur in the future, constitute "forward-looking information"
within the meaning of applicable securities legislation.
Forward-looking information and statements are typically identified by
words such as "anticipate", "could", "should", "expect", "seek", "may",
"intend", "likely", "plan", "estimate", "will", "believe" and similar
expressions suggesting future outcomes or statements regarding an
outlook. All such forward-looking information and statements are based
on certain assumptions and analysis made by China Education Resources,
Inc.'s management in light of their experience and perception of
historical trends, current conditions and expected future developments,
as well as other factors management believes are appropriate in the
circumstances. These statements, however, are subject to a variety of
risks and uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the
forward-looking information or statements. Important factors that could
cause actual results to differ from these forward-looking statements
include those described under the heading "Risks and Uncertainties"
elsewhere in the Company's MD&A filed at www.SEDAR.com. The reader is cautioned not to place undue reliance on forward-looking
information or statements. Except as required by law the Company does
not assume the obligation to revise or update these forward looking
statements after the date of this document or to revise them to reflect
the occurrence of future, unanticipated events.
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