China Education Alliance Appoints Albert Wong & Co. as its Independent
Registered Public Accounting Firm
HARBIN, China, Jan. 16, 2013
HARBIN, China, Jan. 16, 2013 /PRNewswire/ -- China Education Alliance, Inc.
("China Education Alliance" or the "Company", OTCQX: CEAI), a China-based
education resource and services company, today announced that it has appointed
Albert Wong & Co. ("AW") as its independent registered public accounting firm
effective January 14, 2013.
AW is a full-service CPA firm based in Hong Kong. AW provides a comprehensive
range of professional services including audit, tax, risk management, merger
and acquisition, and corporate and business advisory services to clients in
Asian countries and the United States of America.
The decision to change auditors was not the result of any disagreement between
the Company and Baker Tilly Hong Kong on any matter of accounting practices,
financial statement disclosure, or auditing scope or procedure.
AW will start its work for the Company with the audit of the full year ended
December 31, 2012.
The Company thanks Baker Tilly Hong Kong for their dedicated service over the
About China Education Alliance, Inc.
China Education Alliance, Inc. (http://www.chinaeducationalliance.com) is a
leading educational services company offering high-quality instructors and
online education materials for students between the ages of 6 to 18 and adults
(university students and professionals) aged 18 and over. Divided into two
segments, students and graduate professionals, our business model delivers the
skills and knowledge necessary to excel in a rapidly growing and highly
competitive China. The Company provides students in the first segment with
online education materials sourced from top tier schools and famous
instructors for download, as well as online training and tutoring services.
With teaching centers located across China, the Company also offers hands on
training and tutoring to aid Chinese students pass the two most important
tests they will face in their educational careers: the senior high school
entrance and college entrance exams. In the second segment for graduates and
professionals, China Education Alliance provides vocational training courses
in subjects including IT, administration, multimedia, as well as several
professional training programs.
About Albert Wong & Co.
Albert Wong & Co. is a full-service CPA firm based in Hong Kong. AW provides a
comprehensive range of professional services including audit, tax, risk
management, merger and acquisition, and corporate and business advisory
services to clients in Asian countries and United States of America.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: Certain statements in this press release, constitute forward-looking
statements for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. These statements include, without
limitation, statements regarding our ability to prepare the company for
growth, the Company's planned expansion in 2009and predictions and guidance
relating to the Company's future financial performance. We have based these
forward-looking statements largely on our current expectations and projections
about future events and financial trends that we believe may affect our
financial condition, results of operations, business strategy and financial
needs and are not a guarantee of future performance but they involve risks
anduncertainties that could cause actual results to differ materially from
those in the forward-looking statements, which may include, but are not
limited to, such factors as unanticipated changes in product demand especially
in the education industry, pricing and demand trends for the Company's
products, changes to government regulations, risk associated with operation of
the Company's new facilities, risk associated with large scale implementation
of the company's business plan, the ability to attract new customers, ability
to increase its product's applications, cost of raw materials, downturns in
the Chinese economy, and other information detailed from time to time in the
Company's filings and future filings with the United States Securities and
Exchange Commission. Investors are urged to consider these factors carefully
in evaluating the forward-looking statements herein and are cautioned not to
place undue reliance on such forward-looking statements, which are qualified
in their entirety by this cautionary statement. The forward-looking statements
made herein speak only as of the date of this press release, readers are
cautioned not to place undue reliance on any of them and the Company
undertakes no duty to update any forward-looking statement to conform the
statement to actual results or changes in the company's expectations.
For more information, please contact:
China Education Alliance, Inc.
Ms. Cloris Li
Chief Financial Officer
Mr. Christian Arnell
Telephone: +86 10 5826 4939
SOURCE China Education Alliance, Inc.
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