August 11, 2009
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TXIC up only +0.93 revs increased 50.2%
CEU up only +0.38 revs rose 82%
HEAT up only +0.65 revs rose 125%
2 bagger with CEU
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.