Nice Bouf...also look at huge vol. on TNTU 1.51 +.165 on this news: Tengtu and Microsoft - China - Sign Cooperation Agreement
Wednesday March 31, 10:48 am ET
Customized Solution Based on Microsoft Office 2003 for China's K-12 Education Market
TORONTO & BEIJING--(BUSINESS WIRE)--March 31, 2004-- Tengtu International Corp. (OTCBB:TNTU - News) announced today that Beijing Tengtu United Electronics Development Co. (Tengtu), its wholly owned subsidiary in China, has signed a General Framework Agreement for Cooperation (the Agreement) with Microsoft (China) Co.
The Agreement, signed earlier today in Beijing, is aimed at enhancing cooperation between the two companies by taking advantage of their respective brand, geographical and technical advantages to accelerate China's K-12 education modernization process.
As the largest Chinese K-12 educational software and content provider, Tengtu has established itself as a leader in China's K-12 education modernization.
Based on the objective of promoting China's K-12 education modernization process, Tengtu has developed the "Education Resource for Office" under the support of Microsoft (China) as an educational resource application solution based on Microsoft Office 2003. The main feature of Education Resource for Office is the full integration of Tengtu's K-12 educational resources with the Office platform widely used in the education sector. Tengtu will immediately begin promoting the Education Resource for Office in the Western Rural School Project funded by the central and local governments and introduce it to the overall Chinese K-12 education market by mid-April.
Mr. William Ballard, representing the board of directors of Tengtu International, attended the signing ceremony with Mr. Timothy Chen, Microsoft Global Vice President and CEO of greater China. Mr. Ballard stated, "This agreement is a significant milestone for Tengtu. It's impossible to select a better company than Microsoft (China) to assist Tengtu in designing education solutions for the Chinese K-12 market. I look forward to our joint company seminar to be held in April, where we will plan to discuss more details concerning our joint efforts and commitments to enhance China's K-12 education modernization process."
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 primary and secondary schools. Tengtu International Corp. and its joint venture partners employ more than 400 people in offices in China and North America and have more than 35,000 schools and 17.5 million students connected to its information network in China.
For more information please visit www.tengtu.com. 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 harbour provisions of the Private Securities Litigation Reform Act 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-KSB and other reports filed with the Securities and Exchange Commission.
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Contact:
Media contact:
Genoa Management
Ali Mahdavi, 416-962-3300 x. 225
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Source: Tengtu International Corp.
This has been a good stock for me for several trades and I'm in again here, hoping for late day strength and a gap up in the morning...HOD is 1.62 so far....tuna |
