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China Interactive Education Announces Change of Auditor to Crowe Horwath (HK) CPA Limited
Aug 13, 2010 (08:08 AM EDT)
ZHONGSHAN CITY, China, Aug. 13 /PRNewswire-Asia-FirstCall/ -- China Interactive Education, Inc., (OTC Bulletin Board: CIVN) ("China Interactive Education" or the "Company"), a pioneer in interactive teaching and learning solutions in China, today announced that the Company has appointed Crowe Horwath (HK) CPA Limited ("Crowe") as its independent registered public accounting firm, replacing AGCA, Inc. effective August 9, 2010.
Crowe Horwath International is ranked among one of the top global accounting networks, with more than 140 independent accounting and advisory services firms and nearly 590 offices and 28,000 professionals and staff in more than 100 countries around the world.
The Company's decision to change auditors was not due to any disagreement between the Company and its former auditors on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
"Crowe Horwath HK is considered as one of the top public accounting and consulting firms in the world," said Mr. Ruofei Chen, CEO of China Interactive Education. "We believe this change of auditors will better position the Company with crucial support necessary for future financial growth."
About China Interactive Education
China Interactive Education, Inc., headquartered in Zhongshan, China, is a pioneer in providing interactive teaching and learning solutions to China's educational institutions, professional training schools, and individuals. The Company's proprietary educational materials, co-developed with one of China's leading universities and groups of educational professionals, are embedded in its self-developed interactive hardware and software solutions. China Interactive Education sells its interactive classroom solutions (ICS) directly to educational institutions, as well as through area distributors, and its electronic learning products (ELP) are sold under its own "Five-Best Student" consumer brand as well as other licensed brands through retail points of sale throughout China. To learn more about the Company, please visit http://www.menq.com.cn .
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Interactive Education, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the significance of the Company's change of auditor; the general ability of the Company to achieve its commercial objectives, including the ability of the Company to sustain growth in the coming years; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact: Company Contact: Mr. Michael Lin Vice President, Investor Relations China Interactive Education, Inc. Phone: +1-949-743-0868 Email: firstname.lastname@example.org
SOURCE China Interactive Education, Inc.