BEIJING, May 13, 2010 (GLOBE NEWSWIRE) -- ChinaCast Education ("ChinaCast" or the "Company") (Nasdaq:CAST), a leading for-profit, post-secondary education and e-Learning services provider in China, today announced the signing of an articulation agreement with Seton Hall University.
Through the agreement, students from ChinaCast's universities in China will be able to transfer up to 60 of their credits earned in China into one of Seton Hall's bachelor degree programs. They can also apply for masters degree programs upon completion of a bachelor degree programs. In addition, the parties have plans for student and faculty exchange programs at their respective campuses in China and the USA.
Dr. Jason Zunsheng Yin, Associate Dean for International Initiatives, Professor and Chair of the Department of Management at Seton Hall's Stillman School of Business, commented, "Seton Hall University is very committed to China and has been working with a number of PRC state-owned universities for over 30 years. Our cooperation with ChinaCast Education is the first time Seton Hall has signed an articulation agreement with a private, accredited university in China and we look forward to work closely with them to expand our international education exchange programs in both countries."
"Our partnership with Seton Hall is a major step in the development of our international education offerings for our universities in China," added Mr. Ron Chan, CEO and Chairman of ChinaCast. "US post-secondary degree programs are in high demand in China and we believe these programs will be a strong driver of growth for our universities in the near future. In addition, we believe the faculty exchange program with Seton Hall will greatly assist us in enhancing the quality of our curriculum and our teaching professionals."
About Seton Hall University
Seton Hall University is a private, non-profit university located in South Orange, New Jersey, USA. Founded in 1856, Seton Hall is the oldest diocesan university in the United States and the largest Catholic university in the State of New Jersey. The university is known for its programs in business, law, education, nursing and diplomacy. Seton Hall is made up of nine different schools and colleges with an undergraduate enrollment of approximately 5,200 students and a graduate enrollment of about 4,500. Its School of Law is ranked by US News & World Report as one of the top 100 law schools in the nation. BusinessWeek ranked Seton Hall among the top 50 universities that opens doors to the highest salaries and its Stillman School of Business 56th out of the top 100 undergraduate business schools in the nation.
About ChinaCast Education Corporation
Established in 1999, ChinaCast Education Corporation is a leading for-profit, post-secondary education and e-Learning services provider in China. The Company provides post-secondary degree and diploma programs through its two universities in China: The Foreign Trade and Business College of Chongqing Normal University and the Lijiang College of Guangxi Normal University. These universities offer fully accredited, career-oriented bachelor's degree and diploma programs in business, economics, law, IT/computer engineering, hospitality and tourism management, advertising, language studies, art and music. The Company provides its e-Learning services to post-secondary institutions, K-12 schools, government agencies and corporate enterprises via its nationwide satellite/fiber broadband network. These services include interactive distance learning applications, multimedia education content delivery, English language training and vocational training courses. The Company is listed on NASDAQ Global Select Market with the ticker symbol CAST.
Safe Harbor Statement
This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements express our current expectations or forecasts of possible future results or events, including projections of future performance, statements of management's plans and objectives, future contracts, and forecasts of trends and other matters. These projections, expectations and trends are dependent on certain risks and uncertainties including such factors, among others, as growth in demand for education services, smooth and timely implementation of new training centers and other risk factors listed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2009. Forward-looking statements speak only as of the date of this filing, and we undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. You can identify these statements by the fact that they do not relate strictly to historic or current facts and often use words such as "anticipate," "estimate," "expect," "believe," "will likely result," "outlook," "project" and other words and expressions of similar meaning. No assurance can be given that the results in any forward-looking statements will be achieved and actual results could be affected by one or more factors, which could cause them to differ materially. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act.