China Education Resources Inc. Signed MOU with World Book, Inc.
February 01 2018 - 8:00AM
China Education Resources, Inc. ("CER") (TSXV:CHN) (OTC:CHNUF), an
ed-tech company with leading technology of intelligent system and
contents to provide online/offline learning, training courses and
social media for teachers, students and education professionals,
today provides shareholders and investors with an update on its
business development.
CER has signed a Memorandum of Understanding (MOU) with World
Book, Inc. The two parties are discussing cooperation opportunities
in certain areas including: partnering together to create custom
contents around CER’s programs such as soccer and K to 12 education
resources; distribution of World Book’s books and digital products
in English to schools and libraries in China; Licensing and
translating into Chinese World Book’s titles and selling the books
in China; Book club with the direct to consumer model, etc. World
Book can also work with CER for the education programs of NBA,
FIFA, NHL, NASA, STEM and provide content, books, pedagogical
support.
World Book, Inc. is a part of Berkshire Hathaway and the
publisher of the famous World Book Encyclopedia. It produces
original non-fiction reference contents for children and young
adults and has great STEM and Social Studies related contents.
World Book can adopt existing programs to the needs of CER’s
clients and China market.
“We are pleased to work together with World Book to develop
China education market. This is a terrific opportunity to expand
our current product lines via our existing K-12 channels. World
Book is a leading publishing company that leverages cutting-edge
technology to produce authoritative, trustworthy, and
understandable educational and instructional content. CER
knows the China market and has connections. We believe that there
is a lot of potential for our partnership and together we can
create great opportunities for both companies.” said Chengfeng
Zhou, CEO, China Education Resources. For more information, please
visit www.chinaeducationresources.com or Email:
admin@chinaeducationresources.com.
According to research reports, China education market was
estimated to be more than $1.4 trillion USD in 2017. The market
size is continuing to increase with China’s economic growth. Asian
parents spend seven times more money on their kids' education than
American parents do. Since married Chinese couples can now have a
second child, there will be about 3 to 5 million newborns annually
and the domestic education demands are strong. We expect the
partnership to generate more revenue for CER. We will continue to
update shareholders on CER’s future development.
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 kindergartens through
twelfth grade teachers registered through 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. Contact China Education Resources
at: (604) 331-2388Email: admin@chinaeducationresources.com.Website:
http://www.chinaeducationresources.com
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