NEW YORK, May 29, 2018 (GLOBE NEWSWIRE) -- American Education Center, Inc. (“AEC” or the “Company”)(OTCQB:AMCT), an emerging growth company providing educational and career enrichment opportunities for Chinese students studying in the United States, announced today that it has entered into a non-binding letter of intent (“LOI”) with Quanzhou Textile Garment Vocational Institute (“Quanzhou”), a full-time institution of higher learning in Shishi City, Fujian Province, China, on May 24th, 2018 for the implementation of four international certificate projects in China.
Pursuant to the LOI, AEC and Quanzhou Textile Garment Vocational Institute agreed to work together on four international certification projects. Potential certificate projects proposed in the LOI include English as a Second Language (ESL) Exams, LinkedIn Recruiter Certification, NCBHH Board Certified Home Health Medical Coder (BCHH-C), and American Council on Exercise Certifications.
Quanzhou will be responsible for organizing student registration, conducting classes, and administering exams. AEC will provide relevant materials to support the certification examinations, including examination requirements, teaching materials, teaching resources, etc., and will be responsible for issuing certificates.
Max P. Chen, Chairman and Chief Executive Officer of AEC, commented, “We are pleased to announce our LOI with Quanzhou Textile Garment Vocational Institute for cooperation on international certificate projects. Our bespoke materials add additional value to these projects, as we have accumulated extensive experience providing learning materials over our 19 years of history.”
Mr. Chen continued, “In addition to this new LOI, as previously disclosed, we have recently signed an LOI with Shanghai Education Park to explore cooperation on international certificates. These initiatives, along with our plans to integrate our professional services offerings into an online teaching platform sometime this year, herald an exciting year for AEC.”
About American Education Center, Inc. (OTCQB:AMCT)
Headquartered in New York with operations in China, American Education Center, Inc. is one of the most experienced and recognizable comprehensive education advisory service companies in the United States. Our service offerings include customized placement advisory, career advisory, and student and family services advisory designed to address the demand of rising middleclass families in China for quality education and career experience in the United States. We prioritize personalized attention to students, our ability to place educators and students at top universities globally, and understanding the recruiting needs of top universities for international students and faculty, within a single organization. For more information, please visit: www.aec100.com.
About Quanzhou Textile Garment Vocational Institute
Quanzhou Textile Garment Vocational Instituteis a full-time institution of higher learning located in Shishi City, Fujian Province, China. The institute has 170 faculty members, of which more than 80 are dual-qualified teachers and routinely employs more than 60 out-of-school professors and experts from over 10 famous universities in China. The Quanzhou Textile Garment Vocational Institute relies on Quanzhou’s strong advantage in the textile and garment industry and sets its professional courses in accordance with market demands, offering 31 majors, including garments, textiles, printing and dyeing, footwear, e-commerce, project management, accounting, and economy and trade. For more information, please visit: http://www.qzfzfz.com/.
Forward Looking Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
For more information, please contact:
Nancy Qin
American Education Center, Inc.
Phone: (212) 825-0437
Email:f.qin@aec100.com
Tina Xiao
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com