VANCOUVER, Jan. 31, 2012 /PRNewswire/ - China Education Resources, Inc. ("CER") (TSXV: CHN) (OTCQX: CHNUF), a leading technology provider of online learning, training courses, and tools for teachers, students and education professionals in China, is pleased to provide an update to the shareholders:
CER has been selected by the education authority of Shanxi Province, China to provide education materials and books to school libraries in the province. According to China's education development plan (2010 to 2020), Chinese government has started to invest billions of dollars to upgrade school libraries in China. As a qualified content provider to the school libraries, it brings great creditability and opportunity to CER. CER is also in discussions with other provinces for the school library upgrade program.
"We are very pleased with the progress we are making. As a school library content provider and with our expansion of school platform (the third step of the four-step growth plan), we have been approached by publishers and content providers for books and digital education material development as well as other education products. We expect to generate more revenue by our involvement in the school library upgrade program." said Chengfeng Zhou, CEO, China Education Resources.CER also advises that Mr. Bill Calvin and Mr. Jeff Munks have resigned from the board of directors of CER for personal reasons. We thank their contributions to CER and wish the best to their future endeavor. 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 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. The TSX Venture Exchange has not reviewed, and does not accept, responsibility for the adequacy or accuracy of the contents of this press release.
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