EDUV secures CHINA e-learn mkt-22mil users-
eduverse.com signs Agreement with the China Central Educational Technology Center to Provide Educational Software to China's Primary and Secondary Schools
RENO, N.V.--(BUSINESS WIRE)--April 27, 2000--eduverse.com(TM) (OTCBB: EDUV), a leading English as a Second Language online educational publisher, today announced that it has signed an agreement with the China Central Educational Technology Center (CCETC) to provide its globally recognized educational software products throughout China's primary and secondary school systems.
The primary and secondary schools in China currently have a student population of 220 million with approximately 22 million or 10% having computer access today.
The agreement was signed with CCETC in Beijing, China. CCETC operates directly under the Ministry of Education of China and is solely responsible for deploying new technology to advance China's educational systems.
Under the terms of the agreement, CCETC and eduverse.com will work together to provide eduverse.com's current products in a completely Chinese localized environment. The two parties will collaborate to provide existing Ministry of Education approved course curriculum using eduverse.com's technology and business model. As partners in this endeavor, both eduverse.com and CCETC will share in the advertising revenue generated. eduverse.com will establish a curriculum development office in Beijing to work closely with CCETC.
Initially, CCETC and eduverse.com will provide eduverse.com's solutions to the primary and secondary schools that have been selected by the Ministry of Education for advanced technology implementation. Subsequently, the partnership will be extended to the higher education sectors in China.
"This agreement with CCETC in China is a major milestone for eduverse.com," stated Mark E. Bruk, President and CEO of eduverse.com. "With recent developments in China our timing could not have been better. The acceptance of our business model to provide free quality educational software stands as a testament to the forward thinking of China. This partnership will make eduverse.com one of the major suppliers of educational software to schools in China."
"Not only does the partnership between CCETC and eduverse.com meet the short term needs of English learning, but also provides a platform for developing more comprehensive educational programs in the future with the advancement of educational technology. We are pleased with this partnership relationship and confident in the great potential in our cooperation," stated Dawei Zheng, Director of General Affairs Division of CCETC.
About China Central Educational Technology Center
China Central Educational Technology Center (CCETC) is an organization immediately under the Ministry of Education. CCETC's mandate is to use new technologies to improve education in China. CCETC has established a national network of educational technology through more than 2,000 ETCs (educational technology centers) at provincial and regional levels.
About eduverse.com
eduverse.com is a provider of superior quality online educational programs for use in school systems around the world. With proprietary technology, eduverse.com has developed a revenue model that allows corporations to place their advertisements in front of select student audiences. The Company also makes its educational products available from its global web site at www.freeENGLISH.com. eduverse.com is based in Reno, Nevada. For more information on the Company, call 604/623-4864 or visit the Company's corporate web site at www.eduverse.com or email info@eduverse.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Some information included in this press release contains statements that are forward-looking. Such forward-looking information involves significant risks and uncertainties that could affect anticipated results in the future and, accordingly, these results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
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BW 04/27 09:00 eduverse.com signs Agreement with the China Central Educational Technology Center to Provide Educational Software to China's Primary and Secondary Schools
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