China Education Alliance Reiterates 2005 Financial Guidance.HARBIN, China -- China Education Alliance, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CEDA CEDA Cross Examination Debate Association CEDA Cross-Environment Data Access (SAS) CEDA Community Economic Development Association CEDA Centre for Economic Development and Administration (Nepal) ), one of the leading e-learning enterprises engaged in the online education business in China, today reiterated existing guidance for 2005 and provided financial expectations for 2006. For 2005, the Company expects revenue to be $3.0-$3.5 million and expects net income to be $1.6-$1.7 million. For 2006, the Company expects revenue to increase to $6.0-$6.5 million, or an 86%-100% increase from 2005. The company expects net income to increase to $3.0-$3.5 million, or an 88%-106% increase from 2005. Management will provide investors with additional information regarding 2005 financial performance and 2006 financial expectations upon reporting fourth quarter financial results. About China Education Alliance, Inc. ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. Realty Co. (AREY) was incorporated in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. on December 2, 1996. Harbin Zhong He Li Da Jiao Yu Jiao Yu (Traditional and Simplified Chinese: 焦玉, Wade-Giles: Chiao Yü, Hanyu Pinyin: Jiāo Yù) was a Chinese military officer loyal to Zhu Yuanzhang (1328-1398 AD), the founder of the Ming Dynasty (1368-1644 AD). Ke Ji You Xian Gong Si (ZHLD) was incorporated in Harbin on August 9, 2004, under the laws of the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China ("China"). On September 15, 2004, AREY executed a Plan of Exchange between and among AREY; Duane Bennett, the chairman of AREY; and ZHLD. Pursuant to the Plan of Exchange, ZHLD exchanged all their registered capital of $60,386 for 55,000,000 shares common stock of AREY, or approximately 95% of the outstanding common stock of AREY. On December 13, 2004, AREY consummated the exchange transaction with ZHLD. As a result of the Plan of Exchange, the transaction was treated for accounting purposes as a capital transaction and recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. by ZHLD and as a reorganization by AREY. On November 17, 2004, AREY changed its name to China Education Alliance, Inc. (CEDA). CEDA is one of the leading e-learning enterprises engaged in the online education business in China. Its operations include a major education website, www.edu-chn.com, the Greater China Occupational Education Base, and sales of online education software and educational books media. The operations are an effective combination, with the education website serving as a leading force. Certain of the statements made herein constitute 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. that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product and service development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products and services, and other risk factors detailed in forms filed with the Securities and Exchange Commission from time to time. |
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