InvestorsHub Logo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating
profile icon
surfer44 PremiumMember
01/15/15 9:11 AM
profile icon
surfer44 PremiumMember
12/19/14 3:12 PM
profile icon
Renee PremiumMember
09/19/14 9:35 AM
profile icon
stocktrademan Free
08/14/14 1:50 PM
profile icon
samsamsamiam Free
09/26/13 9:47 PM
profile icon
kranthikumar Free
08/09/13 9:50 AM
profile icon
sahd3g Free
07/25/13 8:38 AM
profile icon
TrueWealth Free
07/22/13 11:40 AM
profile icon
TrueWealth Free
06/27/13 2:06 AM
profile icon
J.D. Penny Free
03/03/13 8:15 PM
profile icon
CO123 Free
02/13/13 1:11 PM
profile icon
CO123 Free
02/11/13 8:23 PM
profile icon
CO123 Free
02/06/13 6:06 PM
profile icon
sahd3g Free
02/04/13 10:31 AM
profile icon
sahd3g Free
02/04/13 8:59 AM
profile icon
sahd3g Free
02/02/13 8:56 AM
profile icon
sahd3g Free
02/02/13 8:56 AM
profile icon
sahd3g Free
02/02/13 8:26 AM
profile icon
CO123 Free
01/31/13 6:23 PM
profile icon
sahd3g Free
01/31/13 3:13 PM
profile icon
chepi Free
01/31/13 2:05 PM
profile icon
New Waters Free
01/31/13 1:43 PM
profile icon
FergusVI Grandfathered
01/30/13 9:06 PM
profile icon
CO123 Free
01/30/13 6:49 PM
profile icon
Roy London Terminated
01/30/13 3:41 PM
profile icon
CO123 Free
01/30/13 1:54 PM
profile icon
sahd3g Free
01/29/13 7:14 PM
profile icon
CO123 Free
01/28/13 2:02 PM
profile icon
sahd3g Free
01/28/13 10:28 AM
profile icon
sahd3g Free
01/07/13 12:38 PM
profile icon
sahd3g Free
01/07/13 8:08 AM
profile icon
sahd3g Free
01/02/13 8:46 AM
profile icon
tbun147 Free
08/30/12 12:15 AM
profile icon
deadjim Free
08/26/12 11:43 PM
profile icon
sticknflip Free
08/26/12 10:20 PM
profile icon
sticknflip Free
08/24/12 3:25 PM
profile icon
tbun147 Free
08/24/12 8:47 AM
profile icon
sticknflip Free
08/21/12 10:21 PM
profile icon
TheProfit Free
08/13/12 3:58 PM
profile icon
gr8investment Free
07/02/12 1:45 PM
profile icon
gr8investment Free
07/02/12 9:55 AM
profile icon
gr8investment Free
07/02/12 9:53 AM
profile icon
gr8investment Free
07/02/12 7:57 AM
profile icon
gr8investment Free
07/02/12 7:56 AM
profile icon
millionflair Free
06/29/12 6:17 PM
profile icon
gr8investment Free
06/29/12 10:15 AM
profile icon
dannie30 Free
06/29/12 1:26 AM

Chinacast Education Corp. (fka CAST) RSS Feed

Followers
3
Posters
33
Posts (Today)
0
Posts (Total)
74
Created
10/05/11
Type
Free
Moderators

WELCOME TO CHINACAST

"Our strategic vision is to be the leading private, post-secondary education company in China that provides both physical campuses and a comprehensive online learning platform to address the high demand for university graduates with career skills and adult continuing education"

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 which offer four year and three year, 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.



MANAGEMENT

Derek Feng, Chairman and Chief Executive Officer

Mr. Feng has served on the Company's board of directors since January 2012. At the time of his appointment, Mr. Feng was a private investor and an advisor to education companies. From 2006 to 2011, he was the Executive Vice President, Strategy, Planning and Operations at Knowledge Universe. Prior to joining Knowledge Universe, Mr. Feng held several executive positions at the General Electric Company including leading the global business development efforts at GE Industrial. Mr. Feng graduated from Tsinghua University in China in 1989 with a BS in Industrial Automation and earned an MBA from UCLA in 1992.

Doug Woodrum, Chief Financial Officer and Secretary

Mr. Woodrum has served on the Company's board of directors since January 2012. At the time of his appointment, Mr. Woodrum was a private investor. From 2006 to 2009, he served as a research analyst for Jayhawk Capital Management, a private equity firm focused on investing in small- and medium-sized businesses operating in China. From 1998 to 2005, Mr. Woodrum was the Chief Financial Officer of CNET Networks, Inc., an online media company, where his responsibilities included raising capital for growth, business model development, financial reporting, annual budgeting, long-term planning, acquisitions, investor relations and tax. Mr. Woodrum received his B.B.A. in finance and accounting from the University of Iowa.

Michael J. Santos, President - International

Mr. Santos has overall responsibility for all international operations including global education and technology partnerships, external communications, fund raising and M&A. He previously worked with Hughes Network Systems from 1988 to 2001, where he was Senior Director, Asia-Pacific, responsible for all sales, marketing, customer support and business development activities in the Asia-Pacific region and was a member of the Hughes deal team that lead the investment in ChinaCast's $17 million Series A venture capital financing round in October 2000. Mr. Santos holds a Bachelor of Science in Electrical Engineering and Computer Science degree from The George Washington University, in Washington, D.C.

Li Wei, Chief Operating Officer

Prior to joining ChinaCast in 2001, Mr. Li was a business director for China Orient Satellite. From 1987 to 1995, Mr. Li served in the China Liberation Army as an auditor. From 1996 to 1999, Mr. Li was the General Manager of Finance for China Venture Investment Co. Mr. Li holds a Bachelor's degree in Finance and Accounting from the Wuhan Military & Economic College and a Master's degree in Business Administration from the People's University.

Jim Ma, Chief Accounting Officer

Mr. Ma joined the Group in 1999 and is responsible for managing the Company's financial processes, including financial reporting, fund raising, investor relations and other related corporate finance activities of the Group. Mr. Ma previously worked for Cambridge Neural Dynamics Ltd and for Lippo Securities Limited as an associate director working on initial public offers and M&A projects. Mr. Ma holds a M.Phil (Finance) and M.A. (Engineering), both from Cambridge University (UK). He is also a Chartered Financial Analyst.

Donald Gardner, Director of International Academic Affairs

Dr. Donald Gardner, a global education industry veteran, will spearhead the overall development and operations of ChinaCast's international higher education division. This includes cultivating partnerships with international education institutions, developing student and teacher exchange programs and selecting key individuals to build out an effective international team. Prior to joining ChinaCast, Dr. Gardner taught in a number of graduate schools and universities throughout Asia and the United States, including Hong Kong Baptist University, Hong Kong Baptist Theological Seminary, Asia Graduate Theological Seminary, Malaysian Baptist Theological Seminary, Chung Yuan University, William Jewell College and Dallas Baptist University. He has also served on a number of academic committees and in various administrative roles within the aforementioned schools. Dr. Gardner holds a Bachelor of Science Degree from Dallas Baptist University, both Masters and Graduate Specialist Degrees from Southwestern Theological Seminary in Fort Worth, Texas, and his Doctorate from Midwestern Theological Seminary in Kansas City, Missouri.

Liu Baoqian, Vice President, Education Sales and Marketing

Mr. Liu is responsible for the operation and management of higher education projects, regulatory license applications and the development of new business ventures. He was the General Manager of China Online's (Shenzhen Rayes Group Ltd) Telecom Division prior to joining the Group in 1999. Mr Liu was a lecturer at the Radio Physics Department at the Baoji Art and Science University and has a Master Degree in Wireless Electronics & Physics from Xi'an Electronic Science and Technology University.



BOARD OF DIRECTORS

Derek Feng, Chairman and Chief Executive Officer

Mr. Feng has served on the Company's board of directors since January 2012. At the time of his appointment, Mr. Feng was a private investor and an advisor to education companies. From 2006 to 2011, he was the Executive Vice President, Strategy, Planning and Operations at Knowledge Universe. Prior to joining Knowledge Universe, Mr. Feng held several executive positions at the General Electric Company including leading the global business development efforts at GE Industrial. Mr. Feng graduated from Tsinghua University in China in 1989 with a BS in Industrial Automation and earned an MBA from UCLA in 1992.

Stephen Markscheid, Non-Executive Director

Mr. Markscheid, currently the Chief Executive Officer of Synergenz BioScience Ltd., has broad business experience as a banker, consultant, manager and corporate finance professional with more than 20 years experience in new business development in the US, Asia and Europe. Mr. Markscheid previously worked at GE Capital, where he led their business development activities in China and Asia. Prior to joining GE, he worked with the Boston Consulting Group and was a banker in London, Chicago, New York, Hong Kong and Beijing with Chase Manhattan Bank and First National Bank of Chicago. His career began with the US-China Business Council, working in Washington D.C. and Beijing. Mr. Markscheid earned a MBA with distinction from Columbia University (class valedictorian), a Masters in International Affairs and Economics from Johns Hopkins and a BA in East Asian Studies from Princeton University. He has lived and worked in Asia for over sixteen years including China, Singapore, Hong Kong, Taiwan and Thailand. Besides his native English, he is fluent in Chinese and conversant in Japanese and French. He also serves as board director of CNinsure, Inc., Jinko Solar Inc., China Energy Corporation, China Integrated Energy, Inc. and China Ming Yang Wind Group Co. Ltd.

Member Member of the Audit Committee 
Member Member of the Nominating and Governance Committee 
Member Member of the Compensation Committee 
Member Member of the Special Committee
Ned Sherwood, Non-Executive Director

Mr. Sherwood co-founded ZS Fund L.P., a private equity firm, in 1985 and currently serves as its managing general partner. Mr. Sherwood joined W. R. Grace & Co. in 1975 as a vice president in the Office of Strategic Projects, a group specializing in the evaluation and divestiture of various W. R. Grace & Co.'s business units. In 1981, Mr. Sherwood joined AEA Investors, Inc., where he led a number of successful acquisitions until his departure to co-found ZS Fund L.P. Mr. Sherwood has served as a director on a number of public company boards, including Consolidated Stores Corporation (now Big Lots, Inc.), Market Facts, Inc., Kaye Group, Inc., Colorado Prime, Inc., Southern Electronics, Inc., Mazel Company; Niagara Frontier Services, Inc. (now Tops Markets) and Sun Television and Electronics, Inc. Mr. Sherwood graduated magna cum laude from The Wharton School at the University of Pennsylvania where he received the Herbert T. Steuer Memorial Award for the Most Outstanding Wharton Student. Mr. Sherwood serves as a director for a number of not-for-profit organizations, including I HAVE A DREAM, the Dana Farber Hospital Advisory Board, the Stanford University Parents Advisory Board, City Squash and the Columbia-Presbyterian Heart Research Institute.

Member Member of the Audit Committee 
Member Member of the Nominating and Governance Committee 
Member Member of the Compensation Committee
Daniel Tseung Kar Keung, Non-Executive Director

Mr. Tseung is the Founder & Managing Director of LionRock Capital, a private equity fund which provides strategic, financial, and corporate governance support for growth stage companies in Greater China. He is also a Senior Advisor to Owens Corning (NYSE: OC) and Sun Hung Kai Properties Group, where he last served as Managing Director of Sun Hung Kai Properties Direct Investments Limited. Before joining the Sun Hung Kai Properties Group in 2000, Mr.Tseung worked from 2997 to 2000 at GE Equity, the private equity arm of GE Capital, and from 1993 to 1995 at DE Shaw, a major global hedge fund. He also currently serves as an independent Board Director for Gourmet Master (Taiwan Stock Exchange: 2723) and has previously served on the Board of Directors for RCN Corporation (NASDAQ: RCNI) and Owens Corning (NYSE: OC). Mr. Tseung holds a Bachelor's degree from Princeton University and a Master's Degree from Harvard University.

Member Member of the Audit Committee 
Member Member of the Nominating and Governance Committee 
Member Member of the Special Committee
Doug Woodrum, Chief Financial Officer and Secretary

Mr. Woodrum has served on the Company's board of directors since January 2012. At the time of his appointment, Mr. Woodrum was a private investor. From 2006 to 2009, he served as a research analyst for Jayhawk Capital Management, a private equity firm focused on investing in small- and medium-sized businesses operating in China. From 1998 to 2005, Mr. Woodrum was the Chief Financial Officer of CNET Networks, Inc., an online media company, where his responsibilities included raising capital for growth, business model development, financial reporting, annual budgeting, long-term planning, acquisitions, investor relations and tax. Mr. Woodrum received his B.B.A. in finance and accounting from the University of Iowa.



Income Statement Get Income Statement for: 
View: Annual Data | Quarterly Data All numbers in thousands
Period Ending Sep 30, 2011 Jun 30, 2011 Mar 31, 2011 Dec 31, 2010
Total Revenue 25,927   26,387   22,603   26,573  
Cost of Revenue (24,389) 14,809   9,580   40,577  
 
Gross Profit 12,146   11,578   13,023   10,587  
 
Operating Expenses
Research Development -   -   -   -  
Selling General and Administrative (10,246) 4,613   4,224   13,232  
Non Recurring -   -   -   -  
Others -   -   -   -  
 
Total Operating Expenses -   -   -   -  
 
 
Operating Income or Loss 9,879   6,903   8,769   5,360  
 
Income from Continuing Operations
Total Other Income/Expenses Net 772   567   609   799  
Earnings Before Interest And Taxes 10,559   7,530   9,410   6,159  
Interest Expense 793   649   550   488  
Income Before Tax 9,766   6,881   8,860   5,671  
Income Tax Expense 1,483   304   3,174   1,738  
Minority Interest (40) (29) (32) (8)
 
Net Income From Continuing Ops 8,345   6,548   5,653   4,079  
 
Non-recurring Events
Discontinued Operations -   -   -   179  
Extraordinary Items -   -   -   -  
Effect Of Accounting Changes -   -   -   -  
Other Items -   -   -   -  
 
 
Net Income 8,247   6,548   5,653   4,251  
Preferred Stock And Other Adjustments -   -   -   -  
 
Net Income Applicable To Common Shares 8,247   6,548   5,653   4,251  

 



 

Board Info
Posts Today
0
Posts (Total)
74
Posters
33
Moderators
New Post