SOURCE: IO News Wire

March 08, 2010 07:15 ET

Eline Entertainment Group EEGI Announces Year Over Year Growth of 4%

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire

NEW YORK, NY--(Marketwire - March 8, 2010) -  Eline Entertainment Group Inc. (PINKSHEETS: EEGI) has announced the return on their investment in Innovation Investment Group has continued to increase year over year at a rate of 4%.

Eline Entertainment's subsidiary, Innovation Investment Group, strives to be the brand of choice for parents when choosing private schooling for their children. Innovation Investment Group, as an answer to globalization, teaches children leadership characteristics: independent thinking, efficiency, self-discipline and the ability to influence others, to prepare them for future schooling and the increasingly competitive job market. 

Chinese families spend more on education than anything else except housing. Education is a huge growth industry. Between 2002 and 2009 the market for courses, books and materials more than doubled to $90 billion.

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Other active stocks are China Education Alliance (NYSE: CEU) ChinaCast Education Corp (NASDAQ: CAST) and GOIP Global Inc (PINKSHEETS: GOIG)

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