NOAH EDUCATION HOLDINGS, Ltd.
SEC Filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001411825&owner=include&count=40
Shares O/S (10/20/07)> 36.7 million
Shares Float --------------> 9.8 million
22 JAN 08 Total 5
"Here's how IBD rates NED in fundamentals in the computer software education & entertainment software sector - which contains companies like Activision, Electronic Arts, etc."
Thanx, Old Pro.
Noah Education Holdings Ltd. is a provider of interactive education content in China. The Company develops and markets interactive, multimedia learning materials mainly to complement prescribed textbooks used in China’s primary and secondary school curriculum, covering subjects, such as English, Chinese, mathematics, physics, chemistry, biology, geography, political science and history. It delivers its content primarily through handheld digital learning devices (DLDs), into which its content is embedded or subsequently downloaded at over 8,500 points of sale, approximately 2,000 download centers, or through its Website, www.noahedu.com. In addition, the Company sells electronic dictionaries (E-dictionaries). In July 2007, the Company began offering after-school tutoring programs.
Noah Education Holdings' NP Series Digital Learning Device with Graphic Calculator Technology Chosen as Exclusive Learning Device for Mathematics in National Network Originality Competition in China
Wednesday April 30, 5:00 am ET
SHENZHEN, China, April 30 /Xinhua-PRNewswire/ -- Noah Education Holdings Ltd. (''Noah'') (NYSE: NED - News), a leading provider of interactive education content in China, today announced that Noah's NP series digital learning device (DLD), with graphic calculator technology, has been chosen as the exclusive learning device for mathematics in China's National Network Originality Competition (NOC).
The NOC is a nationwide competition created to improve students' knowledge of intellectual property rights and innovation. Now in its sixth year, the NOC draws more than 12 million student and teacher participants and approximately 26 million additional people are involved in some capacity. Students and teachers participate first at the city level, then at the county and eventually at the national level. Noah's NP series DLD with graphic calculator technology will be used exclusively in both the Application Math and Discovery Math competitions.
''This exclusive agreement with the NOC demonstrates the strength of the Noah brand and the confidence China's top educators and innovators have in Noah's full-spectrum education products and content," said Noah's chairman and chief executive officer, Mr. Dong Xu, ''We are pleased to work with the NOC and play an important role in generating greater appreciation for and understanding of innovation and intellectual property rights among China's youth.
Mr. Rick Chen, executive vice president of Noah commented, ''Noah is excited to use this opportunity to expose a great number of China's most talented students and teachers to the capabilities of Noah's latest DLDs and superior content offerings. Our goal is to become the brand of choice in supplemental education in China. Participation in China's top educational competitions, like the NOC, will bring more engaged students and teachers into the community of learning we are building around the Noah brand.''
China's annual NOC began in 2002 and now hosts competitions including applied mathematics, graphic design, website design, web-based composition for students, and lecturing ability for participating educators. The mathematics portions of the NOC will take place in July 2008 in the city of Wuhan.
Noah Education Holdings Limited (''Noah'') (NYSE: NED - News) is a leading provider of interactive education content in China. Noah develops and markets interactive multimedia learning materials mainly to complement prescribed textbooks used in China's primary and secondary school curricula. Noah delivers content primarily through handheld digital learning devices, or DLDs. Additionally, Noah operates nine after-school tutoring centers in Chengdu, Chongqing and Beijing as part of its strategy to become China's leading brand in supplemental education content and service.
For more information about Noah, please visit http://www.noahtech.com.cn
For investor and media inquiries, please contact:
Noah Education Holdings Limited
Ogilvy Public Relations Worldwide (Beijing)
In the United States:
Ogilvy Public Relations Worldwide (New York)
Source: Noah Education Holdings Limited
From Investor's Business Daily:
Noah Education Holdings has two pluses going for it when it goes public this week on the Big Board:Demand for Chinese IPOs remains high, and as a provider of handheld teaching devices, it's involved in education. Chinese families put high value on education. With a government-imposed one-child policy, a growing number of Chinese families with expendable income are able to focus expenditures on an only child. According to government figures, Chinese families spend about 15% of their disposable incomes on education and culture. Such incomes on a per-capita basis have grown almost 7% a year from 2002 to 2006 and are expected to rise more than 8% a year through 2011. "Education is a very hot space in China," analyst Alex Xu of Brean Murray said.
Since private educator New Oriental Education & Technology (NYSE:EDU - News) went public last year, at $15, its share price has more than quadrupled. But while New Oriental teaches in physical classrooms, Noah plies the digital world. It focuses on handheld digital learning devices, or DLDs. These devices come with content that supplements grade-school textbooks. It also sells handheld e-dictionaries. "While Noah may be riding on Oriental's (success), it still has good growth opportunities," analyst Matthew Molberger of Renaissance Capital said. Of the almost 300 million students in China between ages 5 and 19 -- Noah's target market -- only 3% use DLDs. That low penetration rate leaves room for growth, he says. Citing an industry source, Noah says DLD sales in China will grow more than 20% annually over the next couple of years. In a crowded market where the top-five players hold about 80% of the DLD market, Noah says it is No.1 in sales, with about a 30% market share.
Noah in its present form was created in 2004. At that time, the founders took the assets of a five-year-old translation-device business, Noah Industrial, and turned them toward interactive education. Though it's officially based in the Cayman Islands, Noah operates in China through subsidiaries. Noah began selling handheld e-dictionaries in 2004 and handheld DLDs in March 2005. Strong growth in DLD sales is offsetting a slowdown in e-dictionaries. The company has developed about 28,000 courseware titles based largely on content it licenses from educational publishers in and out of China, including Oxford University Press and People's Education Press. It puts a big emphasis on English language courseware. But Noah also covers standard grade-school subjects such as Chinese, math, physics, chemistry and history. Supported by TV ads, Noah's DLDs are sold in bookstores, electronics and department stores, mall kiosks and Noah-branded stores. The company's Web site also offers content for downloading. Efforts are underway to expand content to the fast-growing mobile phone market in China. Noah also is working to fold its technology into other tech devices, such as interactive entertainment consoles and personal digital assistants. To tap into another area of the supplemental education market, Noah recently began offering some after-school tutoring programs.
Noah has enjoyed strong growth since its start-up in 2004. Revenue in its fiscal year ending June 30 totaled $72.9 million, up from $51.6 million the prior year. Net income over that time jumped 77% to $8.7 million.
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