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Chinaeducational

05/04/07 7:03 PM

#10 RE: Boxgen33 #9

Ceda.ob: outlook

Last quarter they reported an loss of around 250.000 dollar. The quarters bevor that, they had an income of mor than 1 million each. So, I think the one time payment to original shareholders was about 1,5 million. They beat year 2006 estimates in revenue by 2 million, but failed income by 500.000.

My estimates are: 10-15 percent quarter to quarter revenue growth and income of 4 million in 2007.

So i´ll take an eps of around 0,07 cent.

With the current stock price ceda looks very cheap