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Exhbit 99.1
HQ GLOBAL EDUCATION INC. (FORMERLY GREEN STAR MINING CORP.)
BEGINS TRADING TODAY WITH NEW STOCK SYMBOL: HQGE
NINGXIANG COUNTY, HUNAN PROVINCE, CHINA- March 22, 2010-Following a name change
from Green Star Mining Corp. (OTC BB: GSTR), HQ GLOBAL EDUCATION INC. announced
that its shares will begin trading today on the OTC Bulletin Board with a new
stock symbol: HQGE.
HQ Global Education, with 2009 revenues of $36.1 million (+25.4% compared with
2008) and net income for the year ended December 31, 2009 of $10.67 million
(+36.8%) or $0.32 per share, controls and operates eight vocational schools in
China under the widely known "HQ" brand and is one of China's leading providers
of customized or "order-oriented" vocational education. In cooperation with 120
participating employers, HQ schools provide the skilled workers required by
these enterprises, which results in a 100% employment rate for all graduates of
its programs.
Mr. Guangwen He, Chairman and CEO of the Company, and founder of the vocational
school in 1994, commented, "Following our successful reverse merger, we are
pleased to have taken this next step in expanding investor awareness of our
Company and the outstanding growth opportunity that lies before us. As China
continues to grow, we are a proven leader in helping to meet the severe
shortages of skilled blue collar workers developing in a variety of industries.
We will continue to expand the number of industries and students we serve with
our innovative "order oriented" educational programs."
HQ GLOBAL EDUCATION INC. ("HQ")
As of the first semester of 2010, a faculty and support staff of nearly 2800
served a total of approximately 32,238 HQ students from 21 provinces throughout
China. They are taught a wide range of vocational skills in approximately 60
programs in 17 technical career categories at eight vocational schools in the
Sichuan and Hunan Provinces. In cooperation with more than 120 participating
employers, HQ has become increasingly synonymous throughout China with superior
training to meet employer needs and for producing outstanding technical
specialists with immediate jobs and fulfilling career opportunities.
INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
Except for historical information contained herein, the statements in this press
release are forward-looking statements that are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties,
which may cause our actual results in future periods to differ materially from
forecasted results. These risks and uncertainties include, among other things,
product demand, market competition, and risks inherent in our operations. These
and other risks are described in our filings with the U.S. Securities and
Exchange Commission.
CONTACTS:
Mr. Guangwen He
Chairman and Chief Executive Officer
HQ Global Education Inc.
Tel: (86 731) 87828601
Fax: (86 731) 87828601
IN THE U.S.
Ken Donenfeld
DGI Investor Relations
donfgroup@aol.com
kdonenfeld@dgiir.com
Tel: 212-425-5700
Fax: 646-381-972