ORLANDO, Fla., Aug. 6, 2009 (GLOBE NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., has initiated coverage on China Education Alliance, Inc. (NYSE Amex: CEU), a company offering both online and onsite educational and vocational training and services in China.
Rick Grubbs, CFA, RedChip Research Analyst, reported:
"Investors should be taking notice of the dynamics taking place in China, particularly in education services. For over 20 years the Chinese government has been taking significant steps and making significant investments in the country's educational systems. We think this trend will continue for the next 20-30 years, and we will continue to see large capital resources allocated to the educational system.
"Our outlook for CEU is one of continued strong growth in both revenues and earnings. Our forecast assumes that revenue growth will continue in the Company's online business, and revenue growth from vocational training will begin to manifest itself in the second half of 2009 and into 2010."
Grubbs continued: "We are initiating coverage of CEU with a 'Strong Buy' rating and a 12-month price target of $15 per share."
To receive a complimentary copy of the RedChip Visibility Initial Research Report for CEU, visit: http://www.redchip.com/about/aboutmain.asp?page=vreport&reportid=186&from=pr862009
To learn more about China Education Alliance, visit http://www.redchip.com/visibility/investor.asp?symbol=CEU.
About China Education Alliance, Inc.
China Education Alliance, Inc. (NYSE Amex: CEU) is a fast-growing, leading China-based company offering high-quality education resources and services to students ages 6 to 18 and adults ages 18+ (university students and professionals). For students ages 6 to 18, China Education Alliance offers supplemental, online exam-oriented training materials and on-site exam-oriented training and tutoring services. The company is providing on-line, downloadable, famous teachers resources and on-site face-to-face instructions. All resources and tutoring services are provided by famous teachers within mainland China. The purpose of online exam-orientated resources and on-site tutoring is to help Chinese students ages 6 to 18 to pass the two most important and highly competitive exams in their educational career: senior high school entrance exam and college entrance exam. For graduates and professionals age 18+, China Education Alliance provides vocational training including IT and several professional training programs. In addition, the Company is providing comprehensive English programs that are taught by North American instructors to assist graduates and professionals in learning the English language, both written and conversational in order to better able them to work for a foreign corporation or work-study abroad. At present, five English schools are operating nationwide in China. For more information about China Education Alliance, visit http://www.chinaeducationalliance.com.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm headquartered in Orlando, Florida; with affiliate offices in Paris and Qingdao, China. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV(tm), Social Media Services, and RedChip Radio(tm). To learn more about RedChip's products and services visit: http://www.redchip.com/visibility/productsandservices.asp.
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Disclosure
The analysts contributing to this report do not hold any shares of China Education Alliance, Inc. ("CEU"). 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. The equity research report(s) are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. CEU is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. CEU agreed to pay RedChip Visibility a monthly fee of six thousand five hundred dollars in cash for RedChip Visibility Program services, which includes the preparation of the equity research report(s). The equity research report(s) are prepared for informational purposes only and are paid for by the company portrayed in the report. 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. These services may include investor conferences, digital and print distribution of CEU investor-related materials and radio programming. In addition to the monthly cash fee, CEU also agreed to pay RedChip Companies, Inc., thirty thousand shares of Rule 144 common stock for six months of IR services. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein.
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