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| | Fri Feb 22, 2008
China Education Resources Inc. Grants 650,000 Stock Options and Cancels 250,000 Stock Options
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| | VANCOUVER, BRITISH COLUMBIA -- (Marketwire - February 22, 2008) -- China Education Resources Inc. ("CER," the "Company") (TSX VENTURE:CHN - News; PINK SHEETS:CHNUF - News), announced today that, subject to regulatory approval, it has granted a total of 650,000 common share purchase options to two Directors (500,000 options) and two employees (150,000 options). These options will vest immediately and are exercisable in whole or in part, for a period of five years after grant at a price of $0.60 per common share.
The Company also announced that it has cancelled 250,000 common share purchase options held by three employees.
ABOUT CHINA EDUCATION RESOURCES INC.
In collaboration with China's Ministry of Education Curriculum Development Center, China Education Resources Inc., (CER), is helping to transform the curriculum of the world's largest educational system. Recognizing the need for centralization and increased accessibility to address the Chinese Central government's 2000 education reform policy changes, China Education Resource Inc. has created educational tools and curricula for China's entire kindergarten through twelfth grade system. By implementing the government's goal of converting the existing educational system from memory-based learning to creative thinking and utilizing a more interactive approach to embrace a world-based economy, CER has played an integral part in positioning China's educational system to reach new heights.
Safe Harbor Statement
This press release contains certain forward-looking statements that reflect the current views and/or expectations of China Education Resources Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.
To receive press releases, investor newsletters and corporate updates, please email your request to: admin@chinaeducationresources.com.
The TSX Venture Exchange has not reviewed, and does not accept, responsibility for the adequacy or accuracy of the contents of this press release.
Contact:
Mr. Craig Bird
China Education Resources Inc.
Shareholder/Investor Information
(215) 885-4981
(215) 885-4982 (FAX)
Email: CHBird@segue.biz
Website: www.chinaeducationresources.com |
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| | You can view the Previous In the News item: Tue Apr 8, 2008, China Education Resources Inc. Announces Management Change and Corporate Growth Initiatives
You can view the Next In the News item: Mon Jan 28, 2008, China Education Resources Inc. Signs Agreement with China Telecom Information Development Co. LTD
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