Tengtu International Corp. (fka TNTU)

[Aino_Retentive]

Thanks for the Invite
Nice post Mr. ezcomngo2, good for nortell. Did you see what happened with AOL today? tntu surely will need a lot of luck gettin involed into the IT loop?
have a good days tntu rock on!!!

[EZ2]

OT: NT in China

Canadian International School of Hong Kong Deploys Nortel Networks Solution; Gigabit Ethernet, Internet Telephony to Address Teaching, Web, Telephony, E-Mail Needs

HONG KONG, Jan 28, 2003 (BUSINESS WIRE) -- Seeking to strengthen its educational and administrative information technology (IT) resources, the Canadian International School of Hong Kong (CDNIS) has deployed a high-speed, high-bandwidth Gigabit Ethernet and Internet telephony solution from Nortel Networks (NT) (NT).

The Nortel Networks solution for CDNIS includes Nortel Networks Passport 8600 Intelligent Routing Switch at the network core; Nortel Networks BayStack Ethernet Switches for high-speed desktop connectivity; and Nortel Networks i2004 Internet Telephones to capitalize on new services enabled by voice and data convergence. CDNIS expects this solution to enhance its extensive computer-based teaching, as well as to help meet demand for Web, telephony and e-mail services for more than 1,500 students and faculty.

"At CDNIS we don't just talk IT, we put IT into action," said Allan McLeod, head of school. "We stress learning through participation - with students, for example, preparing videos and using live video streaming to communicate internally and externally - and Nortel Networks solution is going to make bandwidth-hungry projects like this easier, faster and much more rewarding. In terms of resilience, reliability and network simplicity, we at CDNIS believe that Nortel Networks offered lower total cost of ownership and the best price/performance by far for this investment in our future."

"We are delighted to work with CDNIS in helping the school further its vision of maximizing technology to enhance its educational environment as well as meet important administrative requirements," said Stephen Tsui, vice president and managing director, Nortel Networks Hong Kong.

In addition to more than 60 i2004 Internet Telephones, CDNIS has also deployed Nortel Networks Optivity Telephony Manager for simplified configuration and management of their telephony systems.

"Of particular benefit to us is Optivity's LDAP (Lightweight Directory Access Protocol) feature," said Edwin Edquist, IT manager, CDNIS. "With each new academic year, updating and configuring user data across telephone, Web and e-mail systems is very time-consuming. With the LDAP capability, our data network administrator can now authenticate data at any time across our entire IP network via one single directory."

Nortel Networks Passport 8600 Intelligent Routing Switch delivers high-density, high-performance Layer 2-7 switching, routing and traffic classification for enterprises, and carriers. Whether positioned in the wiring closet, at the network core, or as customer premises equipment, Passport 8600 is a reliable, secure and intelligent solution designed to provide increased bandwidth and additional revenue-generating potential for today's application-driven networks.

Nortel Networks BayStack 380-24T Gigabit Switch provides high-density Gigabit desktop connectivity for high-speed applications like graphics, multimedia and CAD/CAM. The stackable BayStack 420-24T 10/100 Mbps Switch offers a cost-effective desktop connectivity solution, and is capable of forwarding up to 5.1 million packets of data per second with no packet loss. It provides a superior price/performance solution, especially for growing networks with high-performance requirements.

Nortel Networks i2004 Internet Telephone capitalizes on the convergence of voice and data networks by combining the breadth of telephony features, reliability and ease-of-use associated with traditional telephones with the power to conduct real-time business communications at substantial savings in an Internet-enabled world.

A non-profit organization, the Canadian International School of Hong Kong opened in 1991 and now offers classes for children from four years of age up to high school graduation. Its curriculum is based on Canadian education, with its high school graduates earning the Ontario Secondary School Diploma and qualifying them for prestigious universities worldwide. The school is presently located in a new building in Aberdeen on Hong Kong's Nam Long Shan Road and has the capacity to educate 1,645 students.

Nortel Networks is an industry leader and innovator focused on transforming how the world communicates and exchanges information. The Company is supplying its service provider and enterprise customers with communications technology and infrastructure to enable value-added IP data, voice and multimedia services spanning Wireless Networks, Wireline Networks, Enterprise Networks, and Optical Networks. As a global company, Nortel Networks does business in more than 150 countries. More information about Nortel Networks can be found on the Web at www.nortelnetworks.com.

Nortel Networks, the Nortel Networks logo, the Globemark, Passport, BayStack and Optivity are trademarks of Nortel Networks.

Nortel Networks
Lily Yu, 852-2100 2120
[e-mail]
or
Pat Cooper, 408/495-9608
[e-mail]



EZ 2 :)
http://www.investorshub.com/boards/board_surveymenu.asp?board_id=485

[EZ2]

repost.....

Press Release Source: Tengtu International Corp.


Tengtu Announces Strategic Cooperation Agreement with Leading Chinese Technology Institute
Tuesday January 7, 9:39 am ET
Tengtu & the North China Institute of Computing Technology Will Focus on R & D in the K-12 E-Education Market


TORONTO & BEIJING--(BUSINESS WIRE)--Jan. 7, 2003-- Tengtu International Corp. (OTCBB:TNTU - News; TIC), a developer, marketer, distributor and integrator of distance learning solutions and e-education software, announced a strategic cooperation agreement with the North China Institute of Computing Technology (Institute). Tengtu International Corp. owns 57% of a joint venture in China in partnership with Tengtu China (Tengtu). The joint venture has been chosen by China's Ministry of Education to be the operating partner in the deployment of China's national education portal and distance learning network.
The Institute is one of the largest computing technology institutions in China. They employ over 2,000 people, including 1,400 technicians and 326 senior engineers and researchers, and over 158 employees have Doctorate or Master degrees. The Institute is a leader in key state science and technology projects including architectural designs for large information systems and engineering construction projects. They are one of the largest system integration vendors in China. For the last 40 years the Institute has been providing support and influence in the decision making for Chinese computer science and production development strategies. With its highly skilled technology team there are very few projects that do not fall within their purview of expertise.

Tengtu and the Institute have agreed to work together on IT research, development and application in the K-12 e-education market. Tengtu and the Institute will combine software technology with education for application in China's e-education market. Tengtu will also leverage the Institute's comprehensive technology with regards to systems integration work. The Institute will develop and provide support at favorable costs to Tengtu in the satellite communication, data encryption and multimedia fields.

"This strategic cooperation with the Institute is an opportunity for Tengtu to align itself with one of the leading academic institutes in China. Tengtu has a chance to combine its efforts with the Institute in keeping up with market demand for leading technology products in the e-education market in China," stated John D. Watt, TIC's President.

"Tengtu and the Institute will conduct extensive research on our Total Solution plan for the K-12 e-education market. The joint research efforts will be extremely helpful and informative in designing the next generation of Tengtu's software and technology," commented Fan Qi Zhang, Chairman and CEO of Tengtu China.

About Tengtu International Corp.

Tengtu International Corp. (www.tengtu.com) is a developer, marketer, distributor, and integrator of distance learning solutions and e-education software. Tengtu International Corp controls 57% of a joint venture with its China partner, Tengtu China. The JV (Tengtu) has been chosen by China's Ministry of Education to be the operating partner in the deployment of China's national education portal and distance learning network. Tengtu is a key player in "Operation Morning Sun," China's national initiative to make computerized education available to 250 million students in the country's 800,000 kindergarten through 12th grade (K-12) schools.

To be added to Tengtu's email list for Company news, please send your email address to [e-mail]

Note: Portions of this press release include forward-looking statements made pursuant to the safe harbour provisions of the Securities Litigation Reform Act of 1995. Actual results could differ materially from the results discussed in this release and in the forward-looking statements contained herein for many reasons. Investors are cautioned that all forward-looking statements involve numerous risks and uncertainties, including but not limited to product development, product acceptance, licensing opportunities and general economic conditions. For more information concerning Tengtu International Corp., and risk factors that may affect its future results and may cause actual results to vary from results anticipated in forward-looking statements, investors should review the Company's public filings with the U.S. Securities and Exchange Commission.



--------------------------------------------------------------------------------
Contact:
Tengtu International Corp
Anu Dhir, 416/963-3999



--------------------------------------------------------------------------------
Source: Tengtu International Corp.

[Tin-Berrygood]

EZ your a bEZy man!..lol..Aloha

[EZ2]

OT: THANKS rick !!!!!!!! :)

EZ 2

[EZ2]

muell ---- yes, I have. excellent stuff......but,
it all looks Chinese to me ~~~ LOL !!!!!!! :)

EZ 2

[Ruellit]

This looks very interesting EZ, have you sampled their software?

Ron

[EZ2]

Tengtu Announces Strategic Cooperation Agreement with Leading Chinese Technology Institute

Tengtu & the North China Institute of Computing Technology Will Focus on R & D in the K-12 E-Education Market

TORONTO & BEIJING, Jan 7, 2003 (BUSINESS WIRE) -- Tengtu International Corp. (TNTU) (TIC), a developer, marketer, distributor and integrator of distance learning solutions and e-education software, announced a strategic cooperation agreement with the North China Institute of Computing Technology (Institute). Tengtu International Corp. owns 57% of a joint venture in China in partnership with Tengtu China (Tengtu). The joint venture has been chosen by China's Ministry of Education to be the operating partner in the deployment of China's national education portal and distance learning network.

The Institute is one of the largest computing technology institutions in China. They employ over 2,000 people, including 1,400 technicians and 326 senior engineers and researchers, and over 158 employees have Doctorate or Master degrees. The Institute is a leader in key state science and technology projects including architectural designs for large information systems and engineering construction projects. They are one of the largest system integration vendors in China. For the last 40 years the Institute has been providing support and influence in the decision making for Chinese computer science and production development strategies. With its highly skilled technology team there are very few projects that do not fall within their purview of expertise.

Tengtu and the Institute have agreed to work together on IT research, development and application in the K-12 e-education market. Tengtu and the Institute will combine software technology with education for application in China's e-education market. Tengtu will also leverage the Institute's comprehensive technology with regards to systems integration work. The Institute will develop and provide support at favorable costs to Tengtu in the satellite communication, data encryption and multimedia fields.

"This strategic cooperation with the Institute is an opportunity for Tengtu to align itself with one of the leading academic institutes in China. Tengtu has a chance to combine its efforts with the Institute in keeping up with market demand for leading technology products in the e-education market in China," stated John D. Watt, TIC's President.

"Tengtu and the Institute will conduct extensive research on our Total Solution plan for the K-12 e-education market. The joint research efforts will be extremely helpful and informative in designing the next generation of Tengtu's software and technology," commented Fan Qi Zhang, Chairman and CEO of Tengtu China.

About Tengtu International Corp.


Tengtu International Corp. (www.tengtu.com) is a developer, marketer, distributor, and integrator of distance learning solutions and e-education software. Tengtu International Corp controls 57% of a joint venture with its China partner, Tengtu China. The JV (Tengtu) has been chosen by China's Ministry of Education to be the operating partner in the deployment of China's national education portal and distance learning network. Tengtu is a key player in "Operation Morning Sun," China's national initiative to make computerized education available to 250 million students in the country's 800,000 kindergarten through 12th grade (K-12) schools.

To be added to Tengtu's email list for Company news, please send your email address to [e-mail]

Note: Portions of this press release include forward-looking statements made pursuant to the safe harbour provisions of the Securities Litigation Reform Act of 1995. Actual results could differ materially from the results discussed in this release and in the forward-looking statements contained herein for many reasons. Investors are cautioned that all forward-looking statements involve numerous risks and uncertainties, including but not limited to product development, product acceptance, licensing opportunities and general economic conditions. For more information concerning Tengtu International Corp., and risk factors that may affect its future results and may cause actual results to vary from results anticipated in forward-looking statements, investors should review the Company's public filings with the U.S. Securities and Exchange Commission.

Tengtu International Corp
Anu Dhir, 416/963-3999


http://www.businesswire.com


Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.



EZ 2

[EZ2]

repost by nikken on RB/TNTU board...."good stuff" !!

By: nikken $$$$$
Reply To: None Tuesday, 11 Dec 2001 at 10:14 AM EST
Post # of 8218


besides posting on RB, i do have other things to do. I came back home late last night, after a long day of meeting with one of my partners who just came back from China, this time with some interesting projects signed, finally. I will share some of his insights which may be helpful to this board and relevant to TNTU.

1. China is not stable, therefore presents lots of business opportunities and traps. This friend of mine can be considered a seasoned China insider, like Zhang and Cheung of TNTU, yet he has to be on his toes every second. He knows what to say to everyone in the meeting, and knows that the talk that matters starts after the meeting. He is seeing more upright business dealings, more younger generation leaders taking charge. For example, he used to dine and wine over a table with a final tab of couple thousand US dollars, yet nobody really touched the food (to show you can afford it i guess), now they talk business over a cup of tea. Older communist comrades are being replaced by western trained know-hows. Whereas people overseas are still hanging onto human right issues, china is busy making progress on all fronts. Everyone is starving for knowledge for self improvement. He asked me to guess if Beijing shopping district is busier than a book fair in a park. I thought so, he said no. Imagine the hunger that TNTU may relieve.

2. Two of the arguably most well known china scholars were with us yesterday. They talked the talk and they were starving. Even though they are into politcal changes coming up in china, they both conceded that for business development, this is THE time. Jiang and his supporters have a firm control of power in china. Other than letting another party to co-exist with the ruling party, almost everything else can be entertained to some degree. My friend had to pinch himself when in china he came across a documentary program on TV produced by the current govt that literally scorned at the mistakes made by Mao, even Deng. No more Gods i guess.

3. we discussed about education and ethical/moral concerns facing the young generation in china. Money cannot replace education, but can help get one. They concurred without hesitation that a better, modernized education system is the foremost national priority for many reasons. They are very happy to hear that TNTU is making great strides in china. They feel that without education, the population can be easily controlled. Since the current govt wants to drastically move china forward based on a modern education system, the dilemma facing the leadership will be whether the current leaders will lead the way, or will it bring about its own demise?

[EZ2]

TNTU ~~~~~~~~~
http://yahoo.marketguide.com/mgi/busidesc.asp?rt=busidesc&rn=A2146

[EZ2]

latest SEC filing:

http://www.edgar-online.com/lycos/quotecom/search/?cik=0000847597

[EZ2]

CCN Newswire, 11/28/2001 08:40
Tengtu International Expands Board From Seven to Ten; Three New China Provinces Sign Letters of Intent to Install Tengtu Information Technology in 150,000 More Schools


NEW YORK, NEW YORK--Tengtu International Corp. (OTCBB: TNTU) at its Annual Meeting of Shareholders held here late yesterday expanded its Board of Directors from seven to ten, adding five new directors and accepting the resignations of two incumbents. New directors include William Ballard, Yung Sung Dai, Bin Huang, John McBride and Peter Soumalias. The retiring directors were Barry Clark and Gordon Reid. Chairman and CEO Pak K. Cheung told shareholders that the company has received letters of intent from Jiangsu, Sichuan and Fujian provinces in the People's Republic of China to provide Tengtu information technology products and services to approximately 150,000 K-12 schools. These include the Tengtu Total Solution application software package and distance learning broadband hardware and consulting. "Our new awards, when finalized as expected in December, will give Tengtu a 25% share of the K-12 e-education market in the PRC and we are confident that it can grow even larger," Cheung stated. Tengtu has an exclusive contract with the National Center for Audio/Visual Education of the PRC Ministry of Education to create and implement China's Broadband Education Resource Centre, a national initiative to provide content to computerized classrooms across China as an Application Service Provider/Internet Content Provider. The goal of the PRC is to link all 200 million students in 800,000 K-12 schools in China directly to the Resource Center and via the internet portal to each other by 2006. Note: All dollar figures are given in US dollars. About Tengtu International Corp. Tengtu International Corp. is a developer and distributor of multimedia educational software, e-education applications and systems, operating through a joint venture and subsidiaries in Canada, Hong Kong and the People's Republic of China. The company's primary operating unit, Tengtu United Electronics Development Co. Ltd. ("Tengtu United"), is a 57% owned joint venture with Beijing Tengtu Culture & Education Development Co. Ltd. ("Tengtu China"), the Chinese state enterprise mandated to develop a comprehensive information technology solution for the national K-12 school system and to serve as the country's gateway for electronic publishing. Tengtu China is owned by China's three largest computer companies, Legend Computer Group, Great Wall Computer Group and Taiji Computer Corporation, and technology investor Beijing Oriental Lian Fa Company Ltd. Its strategic partners include the China unit of Microsoft Corporation (Nasdaq: MSFT), Netopia Inc. (Nasdaq: NTPA) and the People's Education Press, the sole source of materials authorized for use in Chinese schools. It operates a national broadband satellite system with two channels at present. Tengtu International's other units include wholly owned e-business portal e-bizTengtu.com, Inc.; wholly owned animation and television production studio TIC Beijing Digital Pictures Co., Ltd.. and 61.3% owned software marketer Edsoft Platforms (Hong Kong) Ltd. Note: Portions of this press release include forward-looking statements made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Actual results could differ materially from the results discussed in this release and in the forward-looking statements contained herein for many reasons. Investors are cautioned that all forward-looking statements involve numerous risks and uncertainties, including but not limited to product development, product acceptance, licensing opportunities and general economic conditions. For more information concerning Tengtu International Corp., and risk factors that may affect its future results and may cause actual results to vary from results anticipated in forward-looking statements, investors should review the companies' respective public filings with the U.S. Securities and Exchange Commission. This press release was prepared by The Cavior Organization, Inc., a public relations firm, based on information supplied by its client, Tengtu International Corp. The information contained herein is believed to be reliable, but has not been independently verified by The Cavior Organization, Inc. None of the information contained in this press release should be construed as an offer to buy or sell securities, either directly or indirectly. The Cavior Organization, Inc. or its officers or employees may from time to time acquire, hold or sell a position in the securities of Tengtu International Corp. Neither Tengtu International Corp. nor The Cavior Organization, Inc. undertakes any obligation to publicly release revisions to these forward-looking statements, which may reflect events or circumstances after the date hereof or reflect the occurrence of unanticipated events. FOR FURTHER INFORMATION PLEASE CONTACT: Tengtu International, Toronto Pak K. Cheung Tengtu Contact [phone] or Tengtu International, Toronto John D. Watt Tengtu Contact [phone] [e-mail] or The Cavior Organization Warren J. Cavior Agency Contact [phone] [e-mail]

[EZ2]

Tengtu International Expands Board From Seven to Ten
Three New China Provinces Sign Letters of Intent to Install Tengtu Information Technology in 150,000 More Schools

NEW YORK--(BUSINESS WIRE)--Nov. 28, 2001--Tengtu International Corp. (OTCBB: TNTU - news) at its Annual Meeting of Shareholders held here late yesterday expanded its Board of Directors from seven to ten, adding five new directors and accepting the resignations of two incumbents.

New directors include William Ballard, Yung Sung Dai, Bin Huang, John McBride and Peter Soumalias. The retiring directors were Barry Clark and Gordon Reid.

Chairman and CEO Pak K. Cheung told shareholders that the company has received letters of intent from Jiangsu, Sichuan and Fujian provinces in the People's Republic of China to provide Tengtu information technology products and services to approximately 150,000 K-12 schools. These include the Tengtu Total Solution application software package and distance learning broadband hardware and consulting.

``Our new awards, when finalized as expected in December, will give Tengtu a 25% share of the K-12 e-education market in the PRC and we are confident that it can grow even larger,'' Cheung stated.

Tengtu has an exclusive contract with the National Center for Audio/Visual Education of the PRC Ministry of Education to create and implement China's Broadband Education Resource Centre, a national initiative to provide content to computerized classrooms across China as an Application Service Provider/Internet Content Provider. The goal of the PRC is to link all 200 million students in 800,000 K-12 schools in China directly to the Resource Center and via the internet portal to each other by 2006.

Note: All dollar figures are given in US dollars.

About Tengtu International Corp.

Tengtu International Corp. is a developer and distributor of multimedia educational software, e-education applications and systems, operating through a joint venture and subsidiaries in Canada, Hong Kong and the People's Republic of China.

The company's primary operating unit, Tengtu United Electronics Development Co. Ltd. (``Tengtu United''), is a 57% owned joint venture with Beijing Tengtu Culture & Education Development Co. Ltd. (``Tengtu China''), the Chinese state enterprise mandated to develop a comprehensive information technology solution for the national K-12 school system and to serve as the country's gateway for electronic publishing. Tengtu China is owned by China's three largest computer companies, Legend Computer Group, Great Wall Computer Group and Taiji Computer Corporation, and technology investor Beijing Oriental Lian Fa Company Ltd. Its strategic partners include the China unit of Microsoft Corporation (Nasdaq: MSFT - news), Netopia Inc. (Nasdaq: NTPA - news) and the People's Education Press, the sole source of materials authorized for use in Chinese schools. It operates a national broadband satellite system with two channels at present.

Tengtu International's other units include wholly owned e-business portal e-bizTengtu.com, Inc.; wholly owned animation and television production studio TIC Beijing Digital Pictures Co., Ltd.. and 61.3% owned software marketer Edsoft Platforms (Hong Kong) Ltd.

Note: Portions of this press release include forward-looking statements made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Actual results could differ materially from the results discussed in this release and in the forward-looking statements contained herein for many reasons. Investors are cautioned that all forward-looking statements involve numerous risks and uncertainties, including but not limited to product development, product acceptance, licensing opportunities and general economic conditions. For more information concerning Tengtu International Corp., and risk factors that may affect its future results and may cause actual results to vary from results anticipated in forward-looking statements, investors should review the companies' respective public filings with the U.S. Securities and Exchange Commission.

[EZ2]

If you want to know WHAT is going on w/ Education and China ----- look no further. This is an excellent link w/ tons of good info (( posted by nikken on TNTU (RB) board ))------->>>> "right place to be" !!!!!
linkhttp://www.edu.cn/HomePage/english/education/disedu/index.shtml

[EZ2]

nikken -- three coins in a red ribbon ==== back to you !!

[nikken]

Hi EZ!!!

Good work so far!

let the 2 flower blossom!!!

[EZ2]

on HP:Friday October 19, 6:58 am Eastern Time
HP to launch China centre, add 1,500 jobs
(UPDATE: adds details, quote)

SHANGHAI, Oct 19 (Reuters) - Hewlett-Packard Co (HP) chief executive officer Carly Fiorina said on Friday the company plans to open a software development centre in Shanghai in November which will create 1,500 jobs.

``I am pleased to announce that we are celebrating our 20th anniversary in China by launching a major software development centre here in Shanghai next month,'' said Fiorina, chairman and chief executive officer of Hewlett-Packard.

``We're especially pleased that the project will create another 1,500 jobs for software professionals here in Shanghai,'' she said in remarks prepared for delivery to a business conference in Shanghai.

HP said last month about 15,000 jobs would be lost worldwide as a result of its merger with fellow tech titan, Compaq (NYSE:CPQ - news).

Analysts say HP's $20 billion acquisition of Compaq has been driven by brutal price competition that is forcing technology firms to find ways to slash costs. Almost 140,000 jobs have been lost in the technology sector world-wide this year.

A gloomy global economic outlook adds to the sector's woes.

But the long-term growth potential of the industry remained intact despite difficult times, Fiorina's speech said -- stressing that simply cutting costs would not be enough to kick start world economic growth.

``Most of us have taken the necessary steps to boost efficiency, reduce redundancy and reduce costs. But we all know it's not possible to cost-cut our way to growth. Growth is dependent on new revenues one, three, five and 10 years down the line,'' the speech said.

Exploring business opportunities in developing nations, where spending on information technology grew at twice the rate of spending in the industrialised world in 2000, was central to that revenue growth strategy, she said.

[EZ2]

New development posted on TNTU chinese website:

HP and TNTU on 10/15/01 have signed up as business partners where on one hand, HP will provide support to TNTU online platforms, and on the other, TNTU will help promote HP products. It has been noted that HP has been doing research on e learning and recently the 2 companies came together.

As usual, any hyping company could have used this as a legit PR, but hey, maybe TNTU has bigger things to do.

here is the linkhttp://www.tengtu.com.cn/news/news2001-1017.htm

[EZ2]

Opportunity knocks...Tengtu International Reports First Operating Profit of $1.8 Million

Company Sees Uptrend Accelerating in Current Fiscal Year as New Mandates and Initiatives Reflect PRC Confidence in Tengtu Model

TORONTO, Ontario--(BUSINESS WIRE)--Sept. 28, 2001-- Tengtu International Corp. (OTCBB: TNTU - news) today reported the first operating income in the history of the company for the quarter and fiscal year ended June 30, 2001 and guided expectations upward for the current fiscal year after a seasonally slow September quarter when China schools are mostly closed.

For the fourth quarter ended June 30, 2001 Tengtu reported revenues of $3,259,746, up from $1,450,879 in the immediately preceding March quarter and zero revenues in the year-ago period.

Operating income of $1,762,914 was equivalent to four cents per share in the June quarter (based on 45,278,057 shares outstanding at the end of the quarter) compared with an operating loss of $143,496 in the March quarter and an operating loss of $1,377,306 in the June 2000 quarter.

For the full fiscal year ended June 30, 2001 Tengtu reported revenues of $6,213,450, up from $358,026 in the year ended June 30, 2000. Driven by its strong fourth quarter, Tengtu recorded its first-ever annual net profit of $104,266 or about half a cent on 26,614,794 weighted average shares outstanding, fully diluted. In the fiscal year ended June 30, 2000 Tengtu reported a net loss of $4,701,285 or twenty-three cents per share on 20,863,271 weighted average shares outstanding.

Chairman and CEO Pak Cheung stated that the company completed Phase I of Operation Morning Sun in the June quarter by installing the last of 3,017 proprietary Tengtu ``Total Solution'' e-education platforms for K-12 schools in the People's Republic of China (PRC). ``We are already installing the first of 50,000 additional platforms in Phase II now that schools have reopened after their summer hiatus,'' he said. ``We anticipate completing Phase II by the end of calendar 2002 and beginning other phases. As well, we are beginning work on many other regional and local e-education initiatives independent of Operation Morning Sun, which is mandated by the national Ministry of Education in Beijing. For example, our contract with ShanDong province alone should accelerate our revenues and profits well beyond the levels one might reasonably extrapolate from our ''Morning Sun`` contracts.''

President John Watt noted that even allowing for the impact of the increased number of shares issued since the end of the June quarter, earnings per share should continue to improve. ``The PRC has expressed great confidence in our business model and the leadership of our outstanding head of operations in China, Zhang Fan Qi, who is not only a high ranking member of the Communist Party but Governor of the Association of Private Entrepreneurs of China.''

Chairman Cheung added that the recent raise of equity capital was timely, welcome and an integral part of the financial strength of Tengtu going forward, enabling it to undertake e-education projects never before attempted in history. ``To paraphrase Winston Churchill, this is not the end, or even the beginning of the end for our fast-growing company, but it is surely the end of the beginning for us,'' he said.

Tengtu has an exclusive contract with the National Center for Audio/Visual Education of the PRC Ministry of Education to create and implement China's Broadband Education Resource Center, a national initiative to provide content to computerized classrooms across China as an Application Service Provider/Internet Content Provider. The goal of the PRC is to link all 200 million students in 800,000 K-12 schools in China directly to the Resource Center and via the internet portal to each other by 2006.

Note: All dollar figures are given in US dollars.

About Tengtu International Corp.

Tengtu International Corp. is a developer and distributor of multimedia educational and entertainment software and related services, operating through a joint venture and subsidiaries in Canada, Hong Kong and the People's Republic of China.

The company's primary operating unit, Tengtu United Electronics Development Co. Ltd. (``Tengtu United''), is a 57% owned joint venture with Beijing Tengtu Culture & Education Development Co. Ltd. (``Tengtu China''), the Chinese state enterprise mandated to develop a comprehensive information technology solution for the national K-12 school system and to serve as the country's gateway for electronic publishing. Tengtu China is owned by China's three largest computer companies, Legend Computer Group, Great Wall Computer Group and Taiji Computer Corporation, and technology investor Beijing Oriental Lian Fa Company Ltd. Its strategic partners include the China unit of Microsoft Corporation (Nasdaq: MSFT - news), and the People's Education Press, the sole source of materials authorized for use in Chinese schools. It operates a national broadband satellite system with two channels at present.

Tengtu International's other units include wholly owned e-business portal e-bizTengtu.com, Inc.; wholly owned animation and television production studio TIC Beijing Digital Pictures Co., Ltd.. and 61.3% owned software marketer Edsoft Platforms (Hong Kong) Ltd., For more information, please visit www.tengtu.com.

Note: Portions of this press release include forward-looking statements made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Actual results could differ materially from the results discussed in this release and in the forward-looking statements contained herein for many reasons. Investors are cautioned that all forward-looking statements involve numerous risks and uncertainties, including but not limited to product development, product acceptance, licensing opportunities and general economic conditions. For more information concerning Tengtu International Corp., and risk factors that may affect its future results and may cause actual results to vary from results anticipated in forward-looking statements, investors should review the companies' respective public filings with the U.S. Securities and Exchange Commission.

This press release was prepared by The Cavior Organization, Inc., a public relations firm, based on information supplied by its client, Tengtu International Corp. The information contained herein is believed to be reliable, but has not been independently verified by The Cavior Organization, Inc. None of the information contained in this press release should be construed as an offer to buy or sell securities, either directly or indirectly. The Cavior Organization, Inc. or its officers or employees may from time to time acquire, hold or sell a position in the securities of Tengtu International Corp.

Neither Tengtu International Corp. nor The Cavior Organization, Inc. undertakes any obligation to publicly release revisions to these forward-looking statements, which may reflect events or circumstances after the date hereof or reflect the occurrence of unanticipated events.

[EZ2]

link to latest SEC filing:
http://biz.yahoo.com/e/010928/tntu.ob.html

[EZ2]

China's Entry Into WTO Hailed

By CLARE NULLIS
.c The Associated Press


BEIJING (AP) - Foreign firms, Japan's trade minister and Chinese advocates of reform on Tuesday hailed China's impending membership in the World Trade Organization. Others fretted that the country is ill-prepared for an onslaught of foreign competition.

China's foreign and trade ministries had no immediate comment on the approval Monday of terms for China's entry to the rule-making trade body.

But China's chief negotiator at the talks in Geneva, Long Yongtu, said membership would be an ``all-win situation'' unleashing the purchasing power of 1.26 billion Chinese and leading to a vast open market.

Foreign businesses were excited by the prospect of greater access to China's long-protected markets. But they also urged foreign governments and firms to help ensure that China fulfills its promises to WTO members to open up.

``The terms of China's accession are very specific, both as to goals and as to the time granted to China to achieve those goals,'' said Robert Kapp, president of the U.S.-China Business Council. ``Americans should welcome China's commitments, and we will do what we can to make this historic achievement a success.''

For some, China's WTO entry took on added significance because it came when the world and its markets are still reeling from last week's terror attacks in New York and Washington.

``When we see some very powerful forces trying to tear down the international order, to have the largest country in the world become a part of that order and make those type of commitments - it is a very encouraging sign,'' said Timothy Stratford, vice chairman of General Motors China.

Chinese leaders are gambling that increased foreign investment in China and greater access to foreign export markets will create jobs and prosperity. They hope ailing state firms will be forced to reform.

Opponents fear that Chinese industries and farmers will succumb to foreign competition, costing millions of Chinese jobs.

Police expect smuggling to decrease as tariffs drop and foreign goods become more available. But crime could rise as idle farmers and the unemployed flock to cities in search of work.

``I don't think we're adequately prepared,'' said Han Deqiang, an economics professor and author of the anti-globalization book ``Clash.'' ``The disadvantages outweigh the advantages.''

Han said that if he were China's leader, he would have delayed WTO entry until ``Chinese industries were competitive enough.'' He fretted that China would be unable to protect companies from more modern foreign competitors.

``China's door has always been open but the meaning of WTO is to rip the sill off the door, too,'' he said. ``China needed that sill.''

But Chinese supporters of WTO entry argue that economic change also will force the communist government to allow political reforms. Chinese consumers also have been looking forward to having a greater choice of cheaper foreign imports.

``I'm extremely excited,'' said Cao Siyuan, a bankruptcy and mergers consultant. ``There will be short-term pressures, but long-term there will be many benefits.''

Andy Wang, whose company makes construction and manufacturing equipment, noted that businesses have had a lot of time to get ready. ``Businesses that have confidence that they can compete are happy and anticipating entry into WTO,'' he said.

The U.S. Department of Agriculture said China's WTO entry could mean an increase of $2 billion a year for American farm exports.

``We are very pleased,'' Agriculture Secretary Ann Veneman said. ``China has committed to specific market-opening measures that will benefit U.S. products, including reduced tariffs and an end to import bans.''

Trade ministers are expected to adopt the 1,000-page text laying out the terms of China's membership at a meeting in November.

That will clear the way for China to join the WTO early next year, after the Chinese legislature approves the deal.

AP-NY-09-18-01 0510EDT

[EZ2]

ONLINE SCHOOLS
Online schools have much to learn
Aug 22 2001 3:15PM

Homeway

Online colleges will become one of the most promising Internet businesses in China despite dim prospects for profitability in the near future, according to industry executives and experts, Business Weekly reports.

Between July 2000 and March 2001, 38 universities enrolled 240,000 students for their online colleges, the Ministry of Education (MOE) said.

Since then, MOE approved eight more universities to conduct courses on the Internet. More than 400,000 students may be enrolled by the year's end.

MOE has an even more ambitious plan for the 10th Five-Year Plan Period (2001-05). By the end of that period, as many as 100 universities will be involved in this mode of education and 5 million Internet students will receive diplomas.

The public views online education as an important use of the Internet. Respondents of a recent survey indicated they view it as the second-most promising electronic commercial use of the medium, right behind shopping.

"The future will be very good and the enthusiasm from both universities and students will be greater and greater," said Pan Jianxin, general manager of Prcedu.com, partner of Renmin University of China (RUC).

Prcedu.com has invested more than RMB50 million (US$6 million) into its co-operation with RUC, one of China's best-known universities. RUC has had more than 6,000 online students, the most of any Chinese university, and expects to have 10,000 more this year.

Yan Jichang, dean of the continuation college of Tsinghua University, is also optimistic.

"More than 200 million Chinese people do not have the chance to go to universities, so the Internet has given us a good way to extend higher education to those people," Yan said.

More than 2,500 students enrolled in Tsinghua's college last year with the same figure expected this year.

The available areas of study are also expanding to include economics, law, English and arts design.

Yet all involved know it will be a long time before the huge initial investments are recovered.

Online colleges require at least RMB50 million (US$6 million) in investment, with Peking University funding RMB70 million (US$8.4 million).

Officials with Prcedu.com, which is involved in online college projects through five universities including RUC, said the investment will bear fruit - eventually.

"We have spent about RMB30 million (US$3.6 million) on development and production of teaching software for our 100 courses for RUC, but with the present scale of the online college, we are still far from making profits," Prcedu.com's Pan said.

Zhang Hongren, president of the online education Web company Eduedu.com, also warned against shortsightedness.

"The online education market is just being initiated, and we should pay more attention to the long-term development of the market rather than the immediate profits," Zhang said.

The financial challenge is just one problem to be solved in this field.

Not all parents believe online schools are as good as an on-campus education.

Plus, the offerings thus far are limited to courses from key universities that can land approvals from MOE.

"We will be very careful so as to safeguard our reputation," Tsinghua's Yan Jichang said.

Peking University took 10 months after MOE approval to recruit its first wave of online students and offered only one major.

Inadequate hardware also limits the growth of this sector. Since most Chinese people dial up to the Internet, the bandwidth isn't great enough on common phone lines to use interactive teaching software in real time.

As a result, students in the online college of RUC must receive some lessons via CD-ROMs, while those at Peking University must go to classrooms to make up what they can't get on the Internet.

Prcedu.com has written more than 120 computer programs for students in RUC's online college. Tsinghua, meanwhile, also created its own teaching software, but many courses in both universities are similar.

Copyright (c)2001 Beijing Homeway Info.Media Ltd.All Rights Reserved

[EZ2]

NICE !!! :)
http://quotes.barchart.com/texpert.asp?sym=tntu

[EZ2]

http://www.tengtu.com/about/tic.htm

[EZ2]

huge news for TNTU !!!!!!

Monday July 30, 12:47 pm Eastern Time
Press Release
Tengtu Partners With Netopia, Inc.
Tengtu Leverages Netopia's Web Platform to Launch E-Education Portal in China
TORONTO--(BUSINESS WIRE)--July 30, 2001--Tengtu International Corp. (OTCBB: TNTU - news) and Netopia, Inc. (NASDAQ National Market: NTPA - news) today announced the launch of a new educational portal in Beijing, People's Republic of China.

The portal will target K-12 schools, students and their families. Tengtu will deploy hardware and Netopia's Web Platform software in a new hosting center and both Tengtu and Netopia will support the launch of the portal in August.

Tengtu has an exclusive contract with the National Center for Audio/Visual Education of the PRC Ministry of Education to create and implement China's Broadband Education Resource Center, a national initiative to provide content to computerized classrooms across China as an Application Service Provider/Internet Content Provider. The goal of the PRC is to link all 800,000 K-12 schools in China directly to the Resource Center and via the eEducation portal to each other by 2006.

This high-priority PRC initiative will deliver the capability to transform China's education system into one of the world's most modern learning and teaching environments for K-12, professional and life-long learning applications. The portal also supports multi-level functions for administrative and e-commerce applications.

The design and functionality of the eEducation portal using Netopia's Web Platform results from the 18-month collaboration between Tengtu and its partners in China and the Ministry of Education. The portal technology will support not only the national Broadband Education Resource Center but local versions of the Center throughout the provinces of the PRC.

``The launch of the portal within the People's Republic of China will add online functionality to the Tengtu/Microsoft `Total Solution' software suite currently being installed in thousands of PRC schools,'' said Tengtu Chief Operating Officer Greg Mavroudis. ``The portal will go live in September when schools re-open and begin to generate significant additional revenues for Tengtu beyond its software sales to schools under Operation Morning Sun and other initiatives,'' he added.

``Netopia is pleased that Tengtu is implementing the Netopia Web Platform for the new eEducation portal in the People's Republic of China. Netopia's Web Platform enables our partners to build and deploy rapidly a network of thousands of interconnected web sites,'' said Tom Skoulis, Senior Vice President and General Manager, Netopia Web Platforms.

About Tengtu International Corp.

Tengtu International Corp. is a developer and distributor of multimedia educational and entertainment software and related services, operating through a joint venture and subsidiaries in Canada, Hong Kong and the People's Republic of China.

The company's primary operating unit, Tengtu United Electronics Development Co. Ltd. (``Tengtu United''), is a 57% owned joint venture with Beijing Tengtu Culture & Education Development Co. Ltd. (``Tengtu China''), the Chinese state enterprise mandated to develop a comprehensive information technology solution for the national K-12 school system and to serve as the country's gateway for electronic publishing. Tengtu China is owned by China's three largest computer companies: Legend Computer Group, Great Wall Computer Group and Taiji Computer Corporation, and technology investor Beijing Oriental Lian Fa Company Ltd. Its strategic partners include the China unit of Microsoft Corporation (Nasdaq: MSFT - news) and the People's Education Press, the sole source of materials authorized for use in Chinese schools.

Tengtu International's other units include wholly owned e-business portal e-bizTengtu.com, Inc.; wholly owned animation and television production studio TIC Beijing Digital Pictures Co., Ltd.. and 61.3% owned software marketer Edsoft Platforms (Hong Kong) Ltd., For more information, please visit www.tengtu.com.

About Netopia, Inc.

Netopia, Inc. develops, markets and supports broadband gateways and web platform software designed for small, medium and distributed enterprises, small offices/home offices, and multi-PC households. Netopia's targeted technology enables carriers and service probiders to deliver bundled, value-added services for acquiring and retaining subscribers in large, fast-growing markets.

Netopia's broadband gateways are interoperable with all major central office equipment suppliers, including Alcatel, Cisco, Copper Mountain Networks, Ericsson, Lucent Technologies, Nokia, Paradyne, Siemens, and Zhone Technologies. Netopia has established strategic distribution relationships with leading carriers and service providers including BellSouth, Covad Communications, Earthlink Network, Everdream, France Telecom, McLeodUSA, MegaPath Networks, Network Telephone, Rhythms NetConnections, Telecom Italia, UUNet, Verio, Verizon, and XO Communications.

Headquartered in Alameda, Calif., Netopia's common stock trades on The Nasdaq Stock Market® under the symbol NTPA. Further information about Netopia can be obtained via phone [phone], fax [phone] or on the web at www.netopia.com.

Note: Portions of this press release include forward-looking statements made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Actual results could differ materially from the results discussed in this release and in the forward-looking statements contained herein for many reasons. Investors are cautioned that all forward-looking statements involve numerous risks and uncertainties, including but not limited to product development, product acceptance, licensing opportunities and general economic conditions. For more information concerning Tengtu International Corp., Netopia, Inc. and risk factors that may affect their future results and may cause actual results to vary from results anticipated in forward-looking statements, investors should review the companies' respective public filings with the U.S. Securities and Exchange Commission.

All company names, brand names and product names are trademarks of their respective holder(s).


--------------------------------------------------------------------------------
Contact:

Tengtu International Corp.
John D. Watt, 416/963-3999
[e-mail]
or
The Cavior Organization
Warren J. Cavior, 212/687-6070
[e-mail]
or
Netopia Contact:
Web Platform Public Relations
Jessica Mullens, 510/814-5352
[e-mail]

[EZ2]

repost from HRCT board on China education:

How The Chinese Scholars Project Their Country's Future Vs USA:

http://www.china2thou.com/0002p2.htm

[DD]

Nice thread. Alot of DD info. I'm in.
Congrats,
DD

[EZ2]

NEWS !!!!!!!!!
6/26/2001 9:20:00 AM

Tengtu Distance Learning Satellite Network Established in PRC Tengtu to Operate China's National Broadband Resource Centre

TORONTO, Jun 26, 2001 (BUSINESS WIRE) -- Tengtu International Corporation (TNTU) today announced that it has entered into an agreement with the People's Republic of China (PRC), Ministry of Education to become the operating and development partner of China's new e-education and national distance learning system.

Tengtu will share its profits 70% - 30% with the Ministry of Education.

The landmark agreement encompasses a totally integrated nationwide system reaching China's education market, largest in the world with more than 200 million K-12 students, via satellite, broadband, cable, broadcast and the internet. It follows the successful completion by Tengtu of Phase One of Operation Morning Sun, a fast-track Ministry of Education program to install IT application software jointly developed by Tengtu and Microsoft (MSFT) in some 20,000 K-12 schools in its first two phases. On July 1, Tengtu will launch Phase Two under the aegis of the Ministry with a contract value of approximately $27 million.

Tengtu Chairman & CEO Pak P. Cheung said that this latest award by the PRC, for e-education, once again reflects the confidence that the central government of China has in Tengtu's unique ability, well demonstrated over five years, to work closely with authorities at all levels to assist in the reorganization of its education system. "We have always believed in aligning our own business plans with the strategic goals set by China for the development of its market," Cheung stated. "This is indeed a vote of confidence in Tengtu over some of the world's largest media companies and provides us with the opportunity to become one of the largest fully integrated e-education companies in the world."

Under the agreement, which Tengtu sealed with an inital payment of $1 million, Tengtu will operate and develop, with the Ministry, China's Broadband Education Resources Centre, a national data-base networking system of teaching and learning resources to support web-based and distance learning for the K-12 market. Tengtu will be funding another $10 million in stages for the initial phase of this project.

The innovative e-education portal which Tengtu designed and developed over the past two years with leading western technology suppliers has been officially adopted by the Ministry of Education to serve as the operating, production and distribution system for the national China Broadband Education Resource Centre and local Broadband Education Resource Centres throughout the PRC.

Tengtu and its Chinese partners have established the Tengtu Distance Learning Satellite Network to provide the backbone delivery system for the K-12 market. Satellite uplinks and downlinks combined with CERNET (China Educational Research Information Network) enables the system to comprehensively support the distance learning objectives of the government. In fact, the Ministry of Education, through its National Centre for Audio/Video Education, has contributed its own satellite channels to the Tengtu Distance Learning Satellite Network.

Zhang Fan Qi, a director of Tengtu International Corporation and majority shareholder amongst its Chinese partners, stated that "this opportunity is one that we have all worked hard to bring to fruition and represents an undertaking that will enable China's education system to meet the requirements for learning in the 21st century. We are committed to creating an e-education model that will truly win the admiration of world educators."

Chairman Cheung predicted that the Tengtu e-education portal, which goes live in July, would start seeing revenues by September. "Just as the Han, Min and Wu flow into and make the mighty Yangtze, so revenues from subscriptions and connections, user fees and e-commerce transactions will stream into the top line of the Tengtu p & l," he said. "Over time, Tengtu profits from e-education could well surpass our income from equipping classrooms with software."

The agreement between the Ministry of Education and Tengtu states that it not only reinforces the promotion and popularization of information technology in elementary and secondary education and the connection of K-12 schools to web-based learning but will also have a profound influence on the reform and development of education in China as a whole.

Note: all dollar amounts are in US dollars.

About Tengtu International Corp.

Tengtu International Corp. is a developer and distributor of multimedia educational and entertainment software and related services, operating through a joint venture and subsidiaries in Canada, Hong Kong and the People's Republic of China.

The company's primary operating unit, Tengtu United Electronics Development Co. Ltd. ("Tengtu United"), is a 57% owned joint venture with Beijing Tengtu Culture & Education Development Co. Ltd. ("Tengtu China"), the Chinese state enterprise mandated to develop a comprehensive information technology solution for the national K-12 school system and to serve as the country's gateway for electronic publishing. Tengtu China is owned by three of China's largest computer companies, Legend Computer Group, Great Wall Computer Group and Taiji Computer Corporation, and Chinese technology firm Beijing Oriental Lianfa Company Ltd. Its strategic partners include the China unit of Microsoft Corporation (MSFT); People's Education Press, the sole source of materials authorized for use in Chinese schools, and Netopia, Inc.

Tengtu International's other units include wholly owned e-business portal e-bizTengtu.com, Inc.; wholly owned animation and television production studio TIC Beijing Digital Pictures Co., Ltd.; and 61.3% owned software marketer Edsoft Platforms (Hong Kong) Ltd.

Note: This press release for Tengtu International Corp. may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, regarding events, conditions and financial trends that may affect the company's operating results and financial position. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual events or results may differ from the company's expectations, which are subject to various risks and uncertainties, some of which are listed in the company's SEC filings.

This press release was prepared by The Cavior Organization, Inc., a public relations firm, based on information supplied by its client, Tengtu International Corp. The information contained herein is believed to be reliable, but has not been independently verified by The Cavior Organization, Inc. None of the information contained in this press release should be construed as an offer to buy or sell securities, either directly or indirectly. The Cavior Organization, Inc. or its officers or employees may from time to time acquire, hold or sell a position in the securities of Tengtu International Corp.

Neither Tengtu International Corp. nor The Cavior Organization, Inc. undertakes any obligation to publicly release revisions to these forward-looking statements, which may reflect events or circumstances after the date hereof or reflect the occurrence of unanticipated events.

CONTACT: Tengtu International Corp., Toronto
Pak P. Cheung, 604/438-9729
John D. Watt, 613/223-6042
or
The Cavior Organization, Inc., New York
Warren J. Cavior, 212/687-6070
[e-mail]

URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.

[mmayr]

Hi EZ! I'll be watching. Rumor has it a short-term 2.00 pricetag on HRCT may transpire. Apparently there are some big "deals" in the making. Yeah, okay. . .anyway.. .

Will watch TNTU. And of course, CHAG. I'm also watching MCLD for a potential breakout to the upside.

Peace,

M&M Man

[EZ2]

Arch --- Hello !!!!
Right now, I would be a "buyer/holder" on this. Seems
to have plenty of upside but (like HRCT).....WTO could
add some "afterburner acceleration" ----- EZ :)

[Archangel]

Hey EZ, first non-EZ poster...lol...are we long or trading this pup?

Arch

[EZ2]

Firms reshuffle for WTO entry
(06/25/2001) (chinadaily.com.cn)


Mergers and acquisitions between foreign and Chinese companies are warming up as China is expected to enter the World Trade Organization (WTO) soon.
Zhu Wenhui, a researcher from the China Business Centre under the Polytechnic University of Hong Kong, said the history of mergers and acquisitions in developed countries, spanning over a century, will be repeated in China over the next decade.

According to a study released by the Finance and Securities Research Institute with the Renmin University of China, domestic companies will face greater challenges from multinationals in the next 10 years.

Only the strategic reorganization of all industries can guarantee that Chinese companies will have a say in the world market, the study said.

The emerging wave of mergers and acquisitions between domestic companies will help them sharpen their international competitive edge and take an initiative in participating in global mergers and acquisitions.

According to statistics, more than 500 mergers and acquisitions were reported among the domestic listed companies last year.

More than 190 Chinese listed companies have shifted their focus through mergers and acquisitions.

Zhu said that in the past the ownership of domestic companies was unclear and companies were protected by local governments, which made it impossible to merge or acquire.

"But with shifting managing ideas and related rules on ownership trading, companies are finding it impossible not to improve their competitiveness with China's coming entry into the WTO,'' he said.

An increasing number of multinationals have merged with and acquired local companies through foreign-funded enterprises in China.

This helps them seize a greater market share in a shorter period of time.

According to statistics from the Shanghai Ownership Exchange, the capital used for mergers and acquisitions by foreign companies totalled US$1.97 billion last year, 29 times that of 1996.

Last year, French Danone Group purchased a 50 per cent stake in Shanghai Maling Squarius Water Company, the largest bottled water producer in China.

Coupled with its acquired stakes in another two pure water producers, Wahaha and Robust, Danone became the giant in China's pure water market.

A survey conducted by the Kearney Group showed that more than 30 per cent of the 1,000 surveyed multinationals regarded Chinese companies as very attractive to mergers and acquisitions.

Liu Baorong, vice-director of the research institute under the Ministry of Foreign Trade and Economic Co-operation, said China's pending entry into the WTO means China will be fully engaged in economic globalization.

Meanwhile, the systematic barriers to multinational mergers and acquisitions will be torn down.

"But Chinese companies should not always be the ones to be acquired. Domestic companies can also make use of global resources through mergers and acquisitions,'' Liu said.

Last week, the Haier Group acquired a refrigerator company in Italy, a big step in the Chinese company's bid to join the globalizing process.

[EZ2]

Tuesday June 19, 12:58 pm Eastern Time
Press Release
Tengtu International Wins $27 Million Contract From China Ministry

New Software Order, Up 400% From Previous Buy, Recognizes Success in Completing First Phase of Giant E-Learning Project
TORONTO--(BUSINESS WIRE)--June 19, 2001-- Vast Market Development Driving Growth, Says Company Official

Tengtu International Corporation (OTC BB: TNTU - news) today announced that the Ministry of Education of the People's Republic of China has awarded it a contract for Phase Two of Operation Morning Sun valued at $27 million following its successful completion this month of Phase One valued at $5.4 million.

The company is assisting the Ministry in promoting information technology and internet- and intranet-based classroom and distance learning initially in twenty provinces throughout the PRC. The Tengtu Total Solution application software package is the only software solution officially endorsed by the Ministry of Education for use throughout China, the world's largest education market.

In Phase One, the company installed its Tengtu Total Solution in three thousand K-12 schools in Shaanxi, Shanxi, Shandong, Sichuan, Fujian, Anhui, Hubei, Guizhou, Liaoning, Guangdong, Inner Mongolia and other provinces.

Phase Two of Operation Morning Sun, scheduled to begin July 1, will extend the program to fifteen thousand additional K-12 schools out of the 800,000 in the PRC. To support the rollout, Tengtu has already established nine teacher training centres and certificated some six thousand IT instructors under the guidelines and policies of the PRC. Tengtu Chairman & CEO Pak K. Cheung leaves for Beijing today for the official launch of Phase Two which will more than double the number of training centres.

Tengtu averages approximately $1,800 in revenues from installing each school. The company expects to complete installing the fifteen thousand schools under Phase Two of Operation Morning Sun at the latest by the close of its next fiscal year on June 30, 2002. Executive Vice President John D. Watt said that Tengtu is presently achieving a consistent installation rate of 350 schools per week in China.

``Tengtu is deeply honored that the Ministry of Education has officially endorsed only our Total Solution for the schools of China and has yet again demonstrated its confidence in Tengtu by quintupling its purchases from us in Phase Two,'' Watt stated. ``Based on our proven ability to deliver and our success in working with the Ministry of Education, we look forward to the ongoing development of this vast market, so committed to the benefits of education.''

Note: all dollar amounts are in US dollars.

About Tengtu International Corp.

Tengtu International Corp. is a developer and distributor of multimedia educational and entertainment software and related services, operating through a joint venture and subsidiaries in Canada, Hong Kong and the People's Republic of China.

The company's primary operating unit, Tengtu United Electronics Development Co. Ltd. (``Tengtu United''), is a 57% owned joint venture with Beijing Tengtu Culture & Education Development Co. Ltd. (``Tengtu China''), the Chinese state enterprise mandated to develop a comprehensive information technology solution for the national K-12 school system and to serve as the country's gateway for electronic publishing. Tengtu China is owned by three of China's largest computer companies, Legend Computer Group, Great Wall Computer Group and Taiji Computer Corporation, and Chinese technology firm Beijing Oriental Lianfa Company Ltd. Its strategic partners include the China unit of Microsoft Corporation (Nasdaq: MSFT - news); People's Education Press, the sole source of materials authorized for use in Chinese schools, and Netopia, Inc.

Tengtu International's other units include wholly owned e-business portal e-bizTengtu.com, Inc.; wholly owned animation and television production studio TIC Beijing Digital Pictures Co., Ltd.; and 61.3% owned software marketer Edsoft Platforms (Hong Kong) Ltd.

Note: This press release for Tengtu International Corp. may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, regarding events, conditions and financial trends that may affect the company's operating results and financial position. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual events or results may differ from the company's expectations, which are subject to various risks and uncertainties, some of which are listed in the company's SEC filings.

This press release was prepared by The Cavior Organization, Inc., a public relations firm, based on information supplied by its client, Tengtu International Corp. The information contained herein is believed to be reliable, but has not been independently verified by The Cavior Organization, Inc. None of the information contained in this press release should be construed as an offer to buy or sell securities, either directly or indirectly. The Cavior Organization, Inc. or its officers or employees may from time to time acquire, hold or sell a position in the securities of Tengtu International Corp.

Neither Tengtu International Corp. nor The Cavior Organization, Inc. undertakes any obligation to publicly release revisions to these forward-looking statements, which may reflect events or circumstances after the date hereof or reflect the occurrence of unanticipated events.


--------------------------------------------------------------------------------
Contact:

Tengtu International Corp., Toronto
John D. Watt, 416/628-5898 or 613/223-6042
or
The Cavior Organization, Inc.
Warren J.Cavior, 212/687-6070
[e-mail]

[EZ2]

Tengtu International Raises $6 Million Equity Through New Financing and Debt Conversion

New Lead Investor Ballard Assumes Key Role in Company
TORONTO--(BUSINESS WIRE)--June 14, 2001--Tengtu International Corporation (OTC BB: TNTU - news) today announced the completion of a Regulation S offering which permits it to greatly speed up sales of its Microsoft/Tengtu educational software to thousands of K-12 schools in the People's Republic of China under an exclusive contract with the PRC Ministry of Education.

Chairman and CEO Pak K. Cheung said that the five-year-old company had privately placed approximately $4 million in equity with a syndicate of substantial international investors. At the same time, Orion Capital Incorporated converted its $2.1 million in debt outstanding from Tengtu into additional equity. The price of thirty cents per common share in each case was set when the parties began negotiations this past March. The restricted shares are expected to be registered later in 2001 but Cheung said that the new shareholders have strongly signified their intent to be long-term investors. No warrants are attached to the shares. No underwriting fees or brokerage commissions either in cash or in shares were involved.in either the private placement or in the Orion debt conversion.

``When these fresh funds are fully deployed in China they will not only accelerate the rollout of our proprietary IT products and programs but also pump-prime other promising initiatives,'' Cheung stated. Tengtu last month reported that its March quarter revenues had already quadrupled to $1,450,879 from $359,379 in the December quarter.

As a result of the new financing, in which Orion Capital participated, and simultaneous debt conversion Orion has become the largest investor in Tengtu International and is subject to SEC trading rules. Orion Capital is 100% owned by William O. S. Ballard of Toronto, a leading Canadian entrepreneur, lawyer and former VP of family-owned Maple Leaf Gardens Ltd.. Ballard has financed and grown successful technology, media and entertainment companies. He is a founder and past president of TEDA, one of Canada's largest business associations representing the downtown core of the city of Toronto, and co-chairman of Canada's prestigious Walk of Fame. Ballard also served on the President's Council of Sir Wilfred Laurier University and the Senate of York University and is a noted philanthropist.

``I am delighted to take full charge of financing this one-of-a-kind company going forward,'' Ballard said. ``In my seasoned judgment, Tengtu has the capability of becoming one of the world's largest e-education and media companies. That's because the market that it now serves under an exclusive mandate is so unbelievably huge. I have been to China and I have seen the future of Tengtu there. In fact, our entire due diligence team has been impressed by the strong management of our Chinese partners under the able leadership of Zhang Fan Qi.

``With proper financing at hand now and increasingly available in the future, we are confident that Tengtu founder and CEO Pak Cheung can truly realize his vision and execute the company's business plan,'' Ballard stated.

``I want to express my appreciation to Tengtu shareholders who have been so steadfast and loyal to the company in its long formative stage before reaching this exciting juncture,'' he concluded.

Note: all dollar amounts are in US dollars.

About Tengtu International Corp.

Tengtu International Corp. is a developer and distributor of multimedia educational and entertainment software and related services, operating through a joint venture and subsidiaries in Canada, Hong Kong and the People's Republic of China.

The company's primary operating unit, Tengtu United Electronics Development Co. Ltd. (``Tengtu United''), is a 57% owned joint venture with Beijing Tengtu Culture & Education Development Co. Ltd. (``Tengtu China''), the Chinese state enterprise mandated to develop a comprehensive information technology solution for the national K-12 school system and to serve as the country's gateway for electronic publishing. Tengtu China is owned by three of China's largest computer companies, Legend Computer Group, Great Wall Computer Group and Taiji Computer Corporation, and Chinese technology firm Beijing Oriental Lianfa Company Ltd. Its strategic partners include the China unit of Microsoft Corporation (Nasdaq: MSFT - news); People's Education Press, the sole source of materials authorized for use in Chinese schools, and Netopia, Inc.

Tengtu International's other units include wholly owned e-business portal e-bizTengtu.com, Inc.; wholly owned animation and television production studio TIC Beijing Digital Pictures Co., Ltd.; and 61.3% owned software marketer Edsoft Platforms (Hong Kong) Ltd.

Note: This press release for Tengtu International Corp. may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, regarding events, conditions and financial trends that may affect the company's operating results and financial position. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual events or results may differ from the company's expectations, which are subject to various risks and uncertainties, some of which are listed in the company's SEC filings.

This press release was prepared by The Cavior Organization, Inc., a public relations firm, based on information supplied by its client, Tengtu International Corp. The information contained herein is believed to be reliable, but has not been independently verified by The Cavior Organization, Inc. None of the information contained in this press release should be construed as an offer to buy or sell securities, either directly or indirectly. The Cavior Organization, Inc. or its officers or employees may from time to time acquire, hold or sell a position in the securities of Tengtu International Corp.

Neither Tengtu International Corp. nor The Cavior Organization, Inc. undertakes any obligation to publicly release revisions to these forward-looking statements, which may reflect events or circumstances after the date hereof or reflect the occurrence of unanticipated events.

[EZ2]

June 26, 2001

Bill Ballard turns East
Former concert promoter betting on educational software


Barry Critchley
Financial Post
Bill Ballard, who along with partner Michael Cohl developed CPI and TNA, two major concert promotion companies, is back in business, this time in a completely different field.

The son of Harold, the late legendary owner of the Maple Leafs, was the largest investor in a recent US$6-million private placement in Tengtu International Corp. That investment comes about 27 months after TNA was sold to SFX Entertainment, making Ballard the largest single shareholder in Tengtu.

Tengtu is a developer and distributor of multimedia educational and entertainment software and related services. Much of its work takes place in China where it owns a 57% stake in Tengtu United Electronics Development Co. Ltd. -- a joint venture with Beijing Tengtu Culture & Education Development Co.

And Tengtu, managed by Canadians, but whose shares are listed on Nasdaq's Bulletin Board (TNTU/NASDAQ BB), recently won a US$27-million contract for phase two of Operation Morning Sun, a program of providing wireless education systems in China's schools. Phase one was for US$5.4-million.

Ballard, who made his first trip to China last fall, says he invested for three reasons, including the business model.

"This is not a new company, there has been four of five years of intensive work done by Tengtu in China," said Ballard, who now reaps some of the advantages of that earlier work.

- The contracts he read prior to going to China were in line with what he saw there.

"The response from the ministry of education and schools in China about what Tengtu has done for them and what it means to them, was truly eye-opening for me. They are a branded name in China," said Ballard, adding that by dealing with the central authorities and not the individual provincial entities gives Tengtu "a different mandate."

- The potential offered by the education supplement market.

"Of all industries, I think it ranks right up there with food as being recession-proof. They don't close schools when there is a recession."

In response to a question that the authorities may, at certain times, not properly fund libraries, Ballard said that Tengtu "makes it easier to get the flow of knowledge. The implementation of e-learning is a lot cheaper to the infrastructure than the creation of libraries and books."

Adds another participant in the private placement. "Bill found the deal and started doing his due diligence last fall. He put some debt capital in -- US$2.1 million -- which was topped up and recently converted to equity."

The joint venture in which Tengtu has invested in is a Chinese state enterprise mandated to develop a comprehensive information technology solution for the national kindergarten to Grade 12 school system.

Tengtu's total solution application software is the only software officially endorsed by the ministry of education for use throughout China.

Tengtu said it averages about US$1,800 from each school in which its "total solution" equipment is installed. In phase one, the equipment was installed in 3,000 schools; in phase two, which starts next Monday, the program will be extended to 15,000 schools. China is home to 800,000 schools.

Ballard said that "most of the revenue will come from the sale of programs, which is expected to start in September." And Tengtu is presumably in line for other contracts. It's expected to announce today it is a participant, along with the ministry of education, in building the country's national data centre.

"As part of that they are turning over two satellite network stations to implement the distant learning. That's a very significant gesture on their part for what they believe is the competence of what Tengtu has delivered," said Ballard. "A few large corporations in North America would like to have that."

TNTU closed yesterday at US$1.16, up US11?

Aside from Ballard's Orion Capital, CC Capital Partners, a firm run by John McBride, Nick Tintor and Ross Orr, and Northfield Capital Corp. (YFDa/CDNX), a publicly traded investment company run by Robert Cudney, also participated.

"With the funding and combined expertise provided by Ballard, ourselves, Northfield and the other investors, Tengtu is now on track to becoming a substantial multinational company with revenues in the hundreds of millions of dollars," said McBride.

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[EZ2]

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