HARBIN, China, Jan. 26, 2012 /PRNewswire-Asia-FirstCall/ -- China Education Alliance, Inc. (OTCQX: CEAI) is pleased to announce that its application to join the OTC markets' OTCQX U.S. Tier has been approved. The Company is now trading on OTCQX under the symbol CEAI. Financial disclosure and Real-Time Level 2 quotes for the Company are available at www.otcmarkets.com.
OTCQX is operated by OTC Markets Group Inc, the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. The OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. OTC companies are categorized into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide.
China Education expects to benefit from trading on OTCQX by gaining greater exposure and improved liquidity in the US marketplace.
Sichenzia Ross Friedman Ference LLP serves as China Education Alliance's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing guidance on OTCQX requirements.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 aged 6 to 18 and adults (university students and professionals) aged 18 and over. For students aged 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 (aged 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 aged 18 and over, China Education Alliance provides vocational training including IT and several professional training programs. Safe Harbor StatementSafe 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: