Re: Investment

16 Aug 2005 17:51

Europasia Education PLC16 August 2005 August 16 2005 CHINESE COLLEGE POSTS RECORD RESULTS IN BOOST FOR EUROPASIA EDUCATION Shandong International Institute of Translation ("SIIT"), the Chinese collegeowned by Ample Gains Investment ("AGI") in which AIM-listed EuropAsia Educationhas a 12 per cent stake, has announced record profits for the year to 30 June2005. The college in Shandong Province, increased pre-tax income by 61 per cent to 51million Renmimbi (£3.5 million) on turnover up 61 per cent from 44 millionRenminbi to 71.6 Renminbi (£4.9 million). SIIT runs diplomas and undergraduate courses in foreign languages, computerscience, IT, international commerce and trade and hospitality and tourism. Itrecently announced the completion of the first phase of its expansion toincrease student numbers from 5,000 to 20,00 by 2007. Mr Sun, Chairman of AGI said: "We are extremely pleased with these results.The demand for places at SIIT continues to rise and confirms our confidence ininvesting in the college's expansion. EPE Chairman, James Holmes, said: "These excellent results are a reflection ofSIIT's leading market position. They also provide a sound basis for the plannedadmission of SIIT on Ofex, currently being prepared by its adviser London AsiaCapital". -ends- For Further information: James Holmes, ChairmanEuropAsia Education plc 020 7248 7578 Paul Quade 020 7248 8010CityRoad Communications 07947 186694 About Shandong International Institute of Translation Based in Shandong Province, China, SIIT was established in June 1999. It offers2-3 year-diploma and 4-year-undergraduate degrees courses in foreign languages,computer science, information technology, international commerce and trade,hospitality and tourism. There are currently over 8,000 students, based in twocampuses in Shandong Province, China. The college provides accessible, affordable, high-quality post-secondaryeducation that prepares students to enter the job market, allows them totransfer to universities, helps them to study and work abroad, and assists themin achieving their professional and personal goals. As the first translation college in Shandong Province, the college provides awide variety of language learning and translation programs in English, Chinese,Korean, Japanese, Russian, French, German, Spanish, Arabic, Italian, Greek andEsperanto. A strong college transfer program has evolved to allow students theopportunity to take the first two years of a baccalaureate degree and transferto one of the state's four-year institutions. Ninety-six percent of SIITgraduates are employed or continuing their education within six months ofgraduation. For additional information, see http://www.wsfy.cn/english/index1.htm About Europasia Education plc EPE is an AIM listed education investment group, focused on opportunities inEurope and Asia. It owns 100% of Education 2000, an English language and workexperience placement business based in Bournemouth, UK, and ColumbiaInternational, trading under the name Management International, an educationconsulting and work placement business based in London. This information is provided by RNS The company news service from the London Stock Exchange