Tengtu International Awarded Contracts in Guangxi and Tibet Autonomous Region School Projects.TORONTO & BEIJING -- Tengtu International Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : TNTU TNTU The Nottingham Trent University (UK) ) today announced that through Tengtu United Corporation it was awarded contracts for approximately 3.1 million RMB RMB Right Mouse Button RMB Regional Management Board (USACE) RMB Rolf Maier Bode (musician, band) RMB Ren Min Bi (currency of People's Republic of China) , or U.S. $376,000, by the Guangxi and Tibet Autonomous Region This article is about the administrative region of the People's Republic of China. For the historical/cultural region, see Tibet. For other uses, see Tibet (disambiguation). governments, for the installation of its software applications under the Rural Primary and Middle School Modern Distance Education Project. The Rural Primary and Middle School Modern Distance Education Project is part of the central government funded Western Rural Project, and is a key component of China's national computerization initiative. "We continue to expand our penetration with western rural schools, as China's central government accelerates funding under the Western Rural Project," stated Dr. Liu, chief executive officer of Tengtu United. "We have completed the implementation of both projects, and payments are being received on schedule. Under these two government-funded contracts, we have added more than 3,000 schools, to the approximately 60,000 schools now using Tengtu products and resources. We look forward to now providing this rapidly growing, entrenched en·trench also in·trench v. en·trenched, en·trench·ing, en·trench·es v.tr. 1. To provide with a trench, especially for the purpose of fortifying or defending. 2. customer base with additional resources and solutions." Under the Guangxi contract, Tengtu is installing 3,133 units of its Education Resource for Microsoft(R) Office, 324 units of its e-classroom system and 324 units of its Education Resource Library for primary and junior high schools. Under the Tibet contract, Tengtu is installing 21 units of Education Resource for Microsoft(R) Office, 21 units of Education Resource Library and 8 units of e-classroom System. Established in 1996, Tengtu International Corp. is the leading provider of integrated education software and distance learning solutions in the People's Republic of China. Its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. 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) to make computerized education available to 250 million students in China's primary and secondary schools. For more information please visit WWW WWW or W3: see World Wide Web. (World Wide Web) The common host name for a Web server. The "www-dot" prefix on Web addresses is widely used to provide a recognizable way of identifying a Web site. .TENGTU.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. . To be added to Tengtu's email list for company news, please send your email address to INFO@TENGTU.COM. Portions of this document include "forward-looking statements", 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 harbor 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 and other reports filed with the Securities and Exchange Commission. |
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