China Education Resources Inc. Reports Revenues of $2,112,587 in Third Quarter 2010

November 30, 2010



VANCOUVER and BEIJING, China, Nov. 30 /PRNewswire-FirstCall/ – China Education Resources,
Inc. (TSXV:CHN, Pink Sheets:CHNUF), a leading technology provider of
online learning, training courses and tools for teachers, students and
education professionals in China, announced today its financial results
for the third quarter and nine months that ended September 30, 2010.
All figures are expressed in U.S. dollars.

China Education Resources generated gross revenues of $2,112,587 and a
net income of $332,823 in the third quarter that ended September 30,
. This is compared to gross revenues of $2,022,805 and a net income
of $37,955 for the same period in 2009. A 776% increase in net income

Overall, during the nine month period that ended September 30, 2010,
China Education Resources generated gross revenues of $4,709,589 and a
net loss of $349,601 as compared to gross revenues of $2,087,596 and a
net loss of $932,991 during this same period in 2009. A 125% increase
in gross revenues year-to-year.

Third Quarter 2010 financial highlights include:

  • Online teacher training revenues of $847,983 generated during the third
    quarter 2010 as compared to $111,239 during the same period in 2009 –
    a 662% increase year-to-year;
  • Online teacher training revenues of $1,180,038 generated during the
    first nine months of 2010 as compared to $155,424 during the same
    period in 2009 — a 659% increase year-to-year.

“We are very pleased with the direction our sales and operations are
heading. With our revenue figures for 2010 to date significantly
surpassing last year’s results, it is clear that China Education
Resources is emerging as a technology and education industry leader,”
said Chengfeng Zhou, CEO, China Education Resources. “With our recent
expansion now into 11 provinces in China – including the largest city
and province in China – we are presently undergoing a major growth
period that I expect will continue well into 2011.”

“With over one million teachers blogging on the China Education
Resources Web site already, the company is becoming a true education
and technology leader in China,” said Richard Donovan, a senior
education consultant specializing in languages and cultures, former
educator at California State University and associate dean at the
Defense Language Institute.

In early October 2010, China Education Resources announced that it had
finalized agreements to provide online education and training to
teachers and education professionals in the city of Chongqing, China’s
largest city, and in the provinces of Heilongjiang, Sichuan and Yunnan.
“Our four-step growth plan is now being implemented throughout China.
The first step involves work with various levels of government to
deliver the online teacher training programs. The second step
integrates our products and services into the teachers’ daily routine.
This will allow teachers to interact and communicate with each other,”
explained Chengfeng Zhou. “The third step is to promote the educational
platform section to teachers and the fourth step engages the student
with our educational portal which includes our collection of online
tutoring courses, assessment tools and educational games. Our corporate
revenues are generated from each step of our growth plan.”

In collaboration with China’s education administrators and experts,
China Education Resources is helping to transform the curriculum of the
world’s largest educational system. Recognizing the need to address
education reform changes, China Education Resources has created
educational tools and curricula for China’s entire kindergarten through
twelfth grade system. Helping to convert the existing educational
system from a memory-based learning system to a creative thinking and
interactive approach, the company is playing an integral part in
transforming China’s educational system. Presently, China Education
Resources has over 1 million kindergarten through 12th grade teachers
registered through its Web portal. For more information, visit www.chinaeducationresources.com or call (604) 683-6865. Information about China Education Resources can
also be viewed via Facebook and Twitter.

Safe Harbor Statement
This press release contains certain forward-looking statements that
reflect current views and/or expectations of China Education Resources
Inc. with respect to its performance, business & future events. Such
statements are subject to risks, uncertainties & assumptions. Actual
results & events may vary significantly.  To receive press releases,
investor newsletters & corporate updates, email admin@chinaeducationresources.com.
Contact China Education Resources at:  (604) 683-6865.

The TSX Venture Exchange has not reviewed, and does not accept,
responsibility for the adequacy or accuracy of the contents of this
press release.

SOURCE China Education Resources Inc.

Source: newswire

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