ST. LOUIS, MI--(Marketwired - Feb 11, 2014) - Murphy Analytics (MA) has initiated coverage on New China Global Inc. (PINKSHEETS: NCGI). The Initiation Report contains a discussion of NCGI's planned business operations, market opportunity and dynamics, financials, and risks. The Initiation Report is available at: http://www.murphyanalytics.com/uploads/NCGI_Initiation.pdf.
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Analyst Patrick Murphy notes in the report: "While there are a number of dominant, recognizable players, the market seems to be sufficiently fragmented and diverse to provide opportunity for a range of providers and offerings... Rosetta Stone estimates the online learning market is $80 billion globally, dominated by the U.S., Japan, Korea, Brazil, the U.K. and Germany... Providing one indication of the opportunity internationally, China Distance Learning reported 2.7 million course enrollments in fiscal 2013, an increase of 22% annually, with 24 million registered users as of 9/30/13."
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Disclosure: MA was compensated $5,000 by the Company in advance of the publication of this report. Neither MA nor the analyst owns or trades the shares of covered companies. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. MA provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. This report is neither a solicitation to buy nor an offer to sell securities and is to be used for informational purposes only and should not be used as basis for investment decisions. MA is not an investment advisor or broker/dealer and this report does not provide investment advice.