ORLANDO, Fla., May 2, 2011 (GLOBE NEWSWIRE) -- RedChip Research™, a division of RedChip Companies, Inc., today announced it has issued a research update on China Bilingual Technology & Education Group, Inc. (OTCBB:CBLY) an education company that owns and operates high-quality, K-12 private boarding schools in the People's Republic of China.
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To learn more about China Bilingual Technology & Education Group, Inc. visit http://www.redchip.com/visibility/investor.asp?symbol=CBLY
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Disclosure
None of the reports issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security nor do they constitute investment advice. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Information contained in the research reports is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein. All materials are subject to change without notice. China Bilingual Technology & Education Group Inc. ("CBLY") is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. CBLY paid RedChip Visibility, a division of RedChip Companies, Inc., $30,000 for twelve (12) months of RedChip Visibility Program services, which included the preparation of the equity research report(s). The equity research report(s) were prepared for informational purposes only and were paid for by the company portrayed in the report. Information contained in the equity research report(s) is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. The equity research report(s) are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. RedChip Companies, Inc., is currently engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. CBLY agreed to pay RedChip Companies, Inc., a fee of $20,000 in cash per month for the first six (6) months of these investor relations services, and thereafter, $10,000 in cash per month for the next six (6) months of these investor relations services. In addition, the Company has agreed to pay RedChip Companies, Inc., 200,000 shares of Rule 144 stock when the company becomes listed on the Nasdaq Capital Market, and an additional 50,000 shares of Rule 144 stock when CBLY's stock price reaches $5.00 for 45 days. RedChip Companies, Inc. invested in the issuer and owns or owned 815,536 shares of the issuer's stock that was registered. These shares may be sold during the time it represents the company for investor relations activities. RedChip may sell anywhere from 5,000 shares to 200,000 shares during any two-month period of its investor relations activities, depending upon the liquidity of the stock. RedChip Companies, Inc., employees and affiliates may maintain positions and buy and sell the securities or options of the issuers mentioned herein.