Beijing Science and Technology Commission Certifies Tengtu International Network Software for China Schools; Sees Important New Tool for Distance Learning.Business Editors TORONTO--(BUSINESS WIRE)--July 12, 2000 Tengtu International Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : TNTU TNTU The Nottingham Trent University (UK) ) announced today that the Evaluation Committee of the Beijing Science and Technology Commission has issued its official certification of the company's "Total Solution" package for a General Elementary/Secondary School Network Information System for China schools. The Evaluation Committee's opinion concluded that the Tengtu system, featuring a full set of useful functions at a high price-performance ratio, "has reached the leading national level in the development and application of a general system...to fulfill the teaching and administration needs of K-12 schools" and is "very suitable for our nation's current need to develop distance learning." "Many China school boards lack the technical expertise to determine how best to spend their information technology budgets," explained Tengtu International Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Pak K. Cheung. "This stamp of approval from the scientific establishment in China's leading city is an important marketing strength for Tengtu since schools can now order Tengtu/Microsoft software with confidence that their decision is supported by authorities in Beijing," he said. "We expect this key approval will help us sign up thousands of undecided schools, beyond the more than 16,000 we already have under contract," Cheung stated. About Tengtu International Corp. Tengtu International Corp. is a developer and distributor of multimedia educational and entertainment software and related services, operating through a joint venture and subsidiaries in Canada, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. The company's primary operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , Tengtu United Electronics Development Co. Ltd. ("Tengtu United"), is a 57% owned joint venture with Beijing Tengtu Culture & Education Development Co. Ltd. ("Tengtu China"), the Chinese state enterprise mandated to develop a comprehensive information technology solution for the national K-12 school system and to serve as the country's gateway for electronic publishing An umbrella term for non-paper publishing, which includes publishing online or on media such as CDs and DVDs. . Tengtu China is owned by three of China's largest computer companies, Legend Computer Group, Great Wall Computer Group and Taiji Computer Corporation, and Chinese technology firm Beijing Oriental Lianfa Company Ltd. Its strategic partners include the China unit of Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, (Nasdaq: MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) and the People's Education Press, the sole source of materials authorized for use in Chinese schools In Western countries, a Chinese school is a school established explicitly for the purpose of teaching the Chinese language (of the various Chinese dialects, nowadays Mandarin Chinese or Cantonese Chinese are almost always the ones taught) to American-born Chinese (ABC), . Tengtu International's other units include wholly owned e-business portal e-bizTengtu.com, Inc.; wholly owned animation and television production studio TIC Beijing Digital Pictures Co., Ltd.; 61.3% owned software marketer Edsoft Platforms (Hong Kong) Ltd. and 44% owned educational software developer Iconix International, Inc. Note: This press release for Tengtu International Corp. may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, regarding events, conditions and financial trends that may affect the company's operating results and financial position. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual events or results may differ from the company's expectations, which are subject to various risks and uncertainties, some of which are listed in the company's SEC filings. This press release was prepared by The Cavior Organization, Inc., a public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most firm, based on information supplied by its client, Tengtu International Corp. The information contained herein is believed to be reliable, but has not been independently verified by The Cavior Organization, Inc. None of the information contained in this press release should be construed as an offer to buy or sell securities, either directly or indirectly. The Cavior Organization, Inc. or its officers or employees may from time to time acquire, hold or sell a position in the securities of Tengtu International Corp. Neither Tengtu International Corp. nor The Cavior Organization, Inc. undertakes any obligation to publicly release revisions to these forward-looking statements, which may reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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