China Education Alliance is an education business group aiming at creating a nationwide league of elite teachers, providing high-quality education resources, and developing educational products and services. As the provider and operator of quality education resources in China, the Company has created a nationwide interactive education resources platform http://www.edu-chn.com. China Educational Alliance promotes the development and accessibility of China's education platforms by integrating the education resources, and by duplicating its operation model to other provinces of China, and conducting training education and founding new schools.
CEDA's Five Profit Modules
1. Online Interactive Services
- VOD lectures - Interactive learning - Teaching evaluation - Online employment service "Talent Crossroads" - Interactive games "Wealth Island"
2. On-Campus Education
- Basic education - Language training courses - Vocational training courses - Certification courses
3. Resources Download
- Seven education channels targeting different education needs - Study-card membership system
58, Hengshan Road Nangang District, Harbin 150090, People's Republic of China Tel: (01186) 451 82289115
Big Apple Consulting USA, Inc. for China Education Alliance 407-884-0444 or 1-866-THE-APPLE
RESULTS OF OPERATION
Comparison of Three Months Ended March 31, 2007 and March 31, 2006
Revenues increased by $1,738,824 or 129% in 2007 to $3,086,227 as compared to $1,347,403 in 2006, resulting in gross profit of $2,199,916 for 2007 as compared to gross profit of $853,652 in 2006. This was mainly attributable to the income generated from the training center, new programs, and advertising income. During 2006 and 2007, the Company has added several new programs for vocational studies and certification programs, which provides new source of income. Advertising income was increased as the result of the increased awareness of the Company\'s website, which resulted in more viewers coming to the Company\'s website, which enables the Company to increase its advertising income.
Cost of sales increased by $392,560 to $886,311 in 2007 as compared to $493,751 in 2006. Cost of sales as a percentage of sales decreased by 8% to 29% for 2007 as compared to 37% for 2006.
Gross profit margin increased by 8% for 2007 as compared to 2006.