Tengtu Awarded Project for Provincial E-Education Resource Center; An Hui Province Will Exclusively Use Tengtu's Education Resources.Business Editors/High-Tech Writers TORONTO & BEIJING--(BUSINESS WIRE)--Sept. 2, 2003 Tengtu International Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TNTU TNTU The Nottingham Trent University (UK) ), announced today with its joint venture partner, Tengtu China (Tengtu), that the An Hui Province Education Commission has awarded Tengtu the contract for the province's Education Teaching Resource Center. The contract was awarded through a public tendering process and will result in Tengtu's Education Resource System being adapted for use throughout the entire school system for An Hui Province. Tengtu's Education Resource System includes a unique content rich resource for teachers and students comprising the highest quality produced subject matter spanning kindergarten through to grade 12 in digital format. These resources were selected and compressed from over 1200 hours of content produced by CBERC complementing the current school teaching schedule. The product can be deployed online, in WAN or LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. environments. Tengtu's Education Resource System will be widely promoted and exclusively utilized in provincial districts and schools throughout An Hui Province. There are some 27,000 schools and 10 million students in An Hui Province. The awarding of this contract and adoption of Tengtu's system will support the future deployment and selection of Tengtu portals and software products in An Hui Province. Operating under satellite license, an electronic publishing An umbrella term for non-paper publishing, which includes publishing online or on media such as CDs and DVDs. license and an Internet Content Provider See content provider. license, Tengtu's business model is based on the build-out in the market under its mandate to connect schools and households in China to a content rich system of learning, training, administrative and value-added resources. Revenues can be produced through annual connectivity and subscriber fees, content user fees, value-added services and transactions, systems integration and product sales. Established in 1996, Tengtu International Corp. is a developer, marketer, distributor, and integrator of distance learning solutions and e-education software. Tengtu International Corp. controls 57 percent of the joint venture that has been chosen by China's Ministry of Education to be the operating partner in the deployment of China's national education portal and distance learning network (CBERC). The objective of this system is to make computerized education available to 250 million students in China's 800,000 primary and secondary schools over the next 10 years. Tengtu International and its joint venture partner, Tengtu China, employ more than 400 people in offices in Asia and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . For more information please visit www.tengtu.com. To be added to Tengtu's email list for Company news, please send your email address See Internet address. to info@tengtu.com. Portions of this document include "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. ", which may be understood as any statement other than a statement of historical fact. Forward-looking statements contained in this document are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from management's expectations and projections expressed in this document. Certain factors that can affect the Company's ability to achieve projected results are described in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other reports filed with the Securities and Exchange Commission. |
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