We are engaged in the business of distribution of educational resources through the Internet. Our website, www.edu-chn.com, is a comprehensive education network platform which is based on network video technology and large data sources of education resources. We have a database comprising such resources as test papers for secondary education courses as well as video on demand. Our database includes more than 500,000 exams, test papers and courseware for secondary and elementary schools. We generate revenue through our website by selling prepaid debit cards to our subscribers and sales of advertisement on our website.
We also provide on-site teaching and training services and have training facilities in Heilongjiang and Beijing, which can accommodate approximately 8,000 students. The courses cover primarily the compulsory education curriculum of junior, middle and high school. We also provide vocational training services and language training services. We charge tuition fees for these classes and services.
We have also introduced another online service aimed at students who want to attend vocational school. These students include high school students who do not intend to continue their education at universities and university graduates who are looking for employment. The core business for our vocation education will be in three main areas: vocation training, vocational certification, and career development for college graduates. We have collaborated with the National Vocational Education Association of China in setting up www.360ve.com, which provides information regarding vocation training schools and vocation training both on-line and on-site at our training centers. We will also be involved in a project called the "Zhong He Win-Win Program", which is designed to fit the needs of Chinese entrepreneurs and to improve their leadership, management and marketing skills. Our comprehensive business training initiatives integrate research-based, proprietary content with processes that are specifically connected to the critical business issues that most private Chinese companies are facing.
At the beginning of 2012, we started to design and build a web-based information platform for our online education program - "China Education Cloud Platform" to provide a stable long distance education network including video/audio courses, cloud based network service for teachers, students, and parents and online educational administration services system. This platform is also intended to serve as a comprehensive cloud based resource/space for educational institutions and individual teachers to store and share resources, market and sell their courses and services among themselves, including course management, video releases, examination system, courseware, study cards management system, etc. We will charge fees for the cloud storage and receive commissions for the courses/services the educational institutions or the teachers sell through our platform. We expect to launch this platform in 2013 and are currently in discussions with several advertisement companies to design a comprehensive marketing campaign to promote this platform.
Our current activities are primarily conducted in the northern part of the PRC. PRC has about 150 million students aged 6 -18, who are the target of our education services. There are about 10 million students in the 6-18 age group in the northeastern provinces of the PRC. Because we serve approximately 500,000 - 600,000 students, only 5% of the students in our primary market, we believe that we have great potential to grow. Our growth will depend on how we penetrate and expand our market. Our expansion may take the form of organic growth and/or acquisitions and the key to our growth will be increased student enrollment.
News Releases Conference Call Q3 2012 China Education Alliance Inc Earnings Conference Call and Webcast
Monday, November 19, 2012, 8:00 am EST >link< Nov. 26, 2012 China Education Alliance Announces Partnership with Texthelp >link< Jan. 16, 2013 China Education Alliance Appoints Albert Wong & Co. as its Independent Registered Public Accounting Firm
>link< Feb. 21, 2013 China Education Alliance to Hold Annual Meeting of Stockholders on February 28, 2013 >link< March 21, 2013
China Education Alliance Receives S.E.C. Letter Regarding Non-Compliance of Former Auditor >link< April 1, 2013
China Education Alliance Announces Fourth Quarter and Full Year 2012 Financial Results >link<
Full Year 2012 China Education Alliance Inc Earnings Conference Call and Webcast
Tuesday, April 02, 2013, 8:00 am EDT
May 1, 2013