ZHONGSHAN CITY, China, Aug. 31 /PRNewswire-Asia-FirstCall/ -- China
Interactive Education, Inc., (OTC Bulletin Board: CIVN) ("China Interactive
Education" or the "Company"), a pioneer in interactive teaching and learning
solutions in China, today announced that it has named Mr. Hon Wan Chan, Chief
Financial Officer (CFO), effective September 1, 2010. Mr. Chan replaces
former Chief Financial Officer, Mr. Ting Pong Cheung, who left the Company on
August 31, 2010, for personal reasons, and not in connection with any
disagreement with the Company.
Mr. Chan has over 25 years' experience in overseeing accounting and
finance matters for emerging market companies, including public companies.
Prior to joining China Interactive Education, Mr. Chan served as Chief
Financial Officer of Sino Clean Energy, a China based NASDAQ listed company,
as a finance director and as a business director for Texwood Group, Inc., a
Hong Kong based clothing manufacturer and exporter with array of renowned
brands in Asia, and as a financial controller of Fairwood Fast Food Ltd., a
Hong Kong listed company. Mr. Chan is an associate member of The Institute of
Chartered Accountants in Australia and an associate member of the Hong Kong
Institute of Certified Public Accountants. He holds a Master's Degree in
Accounting from the Hong Kong Polytechnic University and a Bachelors Degree in
Economics from Macquarie University in Australia.
"Mr. Ting Pong Cheung has been instrumental in transforming the Company
into a US-listed company," commented Mr. Ruofei Chen, CEO of China Interactive
Education. "His expertise in bridging China and US GAAP has been critical to
our development and we wish him the best in his future endeavors. In the wake
of Mr. Cheung's departure, we would like to welcome Mr. Helice Chan to our
management team. Mr. Chan previously served, since July 1, 2010, as our SEC
financial filing coordinator, and is already integrated with the Company's
accounting team. We believe that Mr. Chan's extensive background in financial
accounting and his experience as CFO of a US public company will be vital to
our continued financial growth."
About China Interactive Education
China Interactive Education, Inc., headquartered in Zhongshan, China, is a
pioneer in providing interactive teaching and learning solutions to China's
educational institutions, professional training schools, and individuals. The
Company's proprietary educational materials, co-developed with one of China's
leading universities and groups of educational professionals, are embedded in
its self-developed interactive hardware and software solutions. China
Interactive Education sells its interactive classroom solutions (ICS) directly
to educational institutions, as well as through area distributors, and its
electronic learning products (ELP) are sold under its own "Five-Best Student"
consumer brand as well as other licensed brands through retail points of sale
throughout China. To learn more about the Company, please visit
http://www.menq.com.cn .
Safe Harbor Statement
This press release may contain certain 'forward-looking statements'
relating to the business of China Interactive Education, Inc., and its
subsidiary companies. All statements, other than statements of historical fact
included herein are forward-looking statements, including statements regarding:
the impact of the Company's appointment of Mr. Hon Wan Chan on the Company's
results of operation; the general ability of the Company to achieve its
commercial objectives; the business strategy, plans and objectives of the
Company and its subsidiaries; and any other statements of non-historical
information. These forward-looking statements are often identified by the use
of forward-looking terminology such as 'believes,' 'expects' or similar
expressions, involve known and unknown risks and uncertainties. Although the
Company believes that the expectations reflected in these forward-looking
statements are reasonable, they do involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect. Investors
should not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's actual results
could differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those discussed in
the Company's reports that are filed with the Securities and Exchange
Commission and available on its website ( http://www.sec.gov ). All
forward-looking statements attributable to the Company or persons acting on
its behalf are expressly qualified in their entirety by these factors. Other
than as required under the securities laws, the Company does not assume a duty
to update these forward-looking statements.
For more information, please contact:
Mr. Michael Lin
Vice President, Investor Relations
China Interactive Education, Inc.
Tel: +1-949-743-0868
Email: ir@menq.com.cn
SOURCE China Interactive Education, Inc.