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8-K - CHINACAST EDUCATION CORP | v210442_8k.htm |
EX-99.2 - CHINACAST EDUCATION CORP | v210442_ex99-2.htm |
ChinaCast
Education Corporation Releases Shareholder Letter on
its
Investor Website
BEIJING,
February 8, 2011 -- ChinaCast Education ("ChinaCast" or the "Company", (Nasdaq:
CAST), a leading for-profit, post-secondary education and e-learning services
provider in China, today announced that its Chairman and Chief Executive
Officer, Ron Chan, has issued a letter to Company shareholders regarding the
large trading volume of the Company’s shares last week. For the
complete letter, please refer to the following link at the Company’s website:
http://www.chinacasteducation.com
About
ChinaCast Education Corporation
Established
in 1999, ChinaCast Education Corporation is a leading post-secondary education
and e-learning services provider in China. The Company provides post-secondary
degree and diploma programs through its three fully accredited universities:
The Foreign Trade and Business College of Chongqing Normal University
located in Chongqing; Lijiang College of Guangxi Normal University located in
Guilin; and Hubei Industrial University Business College located in Wuhan.
These universities offer four year and three year, career-oriented
bachelor's degree and diploma programs in business, finance, economics, law, IT,
engineering, hospitality and tourism management, advertising, language studies,
art and music.
The
Company also provides e-learning services to post-secondary institutions, K-12
schools, government agencies and corporate enterprises via its nationwide
satellite broadband network. These services include interactive distance
learning applications, multimedia education content delivery and vocational
training courses. The Company is listed on the NASDAQ Global Select Market with
the ticker symbol CAST.
Safe
Harbor Statement
This
press release may contain statements that are forward-looking, as that term is
defined by the Private Securities Litigation Reform Act of 1995. These
forward-looking statements express our current expectations or forecasts of
possible future results or events, including projections of future performance,
statements of management's plans and objectives, future contracts, and forecasts
of trends and other matters. These projections, expectations and trends are
dependent on certain risks and uncertainties including such factors, among
others, as growth in demand for education services, smooth and timely
implementation of new training centers and other risk factors listed in the
Company's Annual Report on Form 10-K for the fiscal year ended December 31,
2009. Forward-looking statements speak only as of the date of this filing, and
we undertake no obligation to update or revise such statements to reflect new
circumstances or unanticipated events as they occur. You can identify these
statements by the fact that they do not relate strictly to historic or current
facts and often use words such as "anticipate," "estimate," "expect," "believe,"
"will likely result," "outlook," "project" and other words and expressions of
similar meaning. No assurance can be given that the results in any
forward-looking statements will be achieved and actual results could be affected
by one or more factors, which could cause them to differ materially. For these
statements, we claim the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform
Act.
Contact:
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ChinaCast
Education Corporation
Michael
Santos, President-International
+1-202-361-3403
mjsantos@chinacasteducation.com
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HC
International
Ted
Haberfield, Executive Vice President
+1-760-755-2716
thaberfield@hcinternational.net
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