SOURCE: USChina Channel, Inc.

January 11, 2011 08:00 ET

USChina Channel Acquires 100% of China Education Services, Ltd., Which Through Its Wholly Owned Chinese Subsidiary Operates Shaoxing China Textile City High School, a Private School With Approximately 3,000 Students Located in Zhejiang Province, China

Company Plans to Change Its Name to China Education International, Inc. and Pursue Additional Educational Related Acquisitions

BOCA RATON, FL--(Marketwire - January 11, 2011) - USChina Channel, Inc. ("USChina Channel" or "Company") (OTCBB: USCC), announced today that the company has acquired 100 percent of China Education Services, Ltd. ("China Education"), a privately held company based in the British Virgin Islands on December 31, 2010. Through its wholly owned Chinese subsidiary, Hangzhou Kunjiang Education and Technology Co., Ltd., China Education operates Shaoxing China Textile City High School (the "Shaoxing High School"), a private primary education school with an approximate enrollment of 3,000 students in grades 7-12 located in Shaoxing County of the Zhejiang Province in China.

USChina Channel acquired China Education through a share exchange agreement where it exchanged 14,800,000 shares of its common stock representing 92.1% of its outstanding stock, subsequent to the exchange, for 100% of the issued and outstanding common stock of China Education. Joel Mason, the President of China Education, was appointed as a member of USChina Channel's Board of Directors, and its Chief Executive Officer and Chief Financial Officer in connection with the acquisition of China Education. Andrew Chien, our founder, resigned his positions with us as Chief Executive Officer and Chief Financial Officer on December 31, 2010.

Immediately prior to the acquisition, we transferred all of our assets and liabilities to our wholly-owned subsidiary, China Bull Holdings, Inc. and appointed Mr. Chien as general manager of this company. In addition, China Bull Holdings, Inc. entered into a management agreement with China Bull Management, Inc. to manage all aspects of the operations of China Bull Holdings, Inc. Mr. Chien is a principal shareholder of China Bull Management, Inc. USChina Channel distributed 1,265,456 shares of the common stock of China Bull Management, Inc. to its shareholders of record on December 31, 2010 as authorized by its board of directors on December 21, 2010, but prior to the completion of the China Education acquisition.

Management plans to change the name of the company to China Education International, Inc. and pursue a strategy of identifying and acquiring additional schools throughout China whose management, student population, and course offerings are similar to those of the Shaoxing High School. The Company plans to develop and launch a brand name which can be used by the Shaoxing High School and the other schools it acquires as a means of offering students and parents an identifiable method of evaluating the programs, curriculum, and services provided by our schools. Each of the brands it seeks to develop will have a unique identity and will define specific characteristics of each school it represents. The Company plans to provide management oversight and supervision for the schools it operates through experienced American academic professionals it plans to hire in the near future.

Commenting on the acquisition, Joel Mason, CEO of USChina Channel, Inc., stated, "We are excited to enter this new stage in the company's history. On behalf of USChina Channel, I would like to assure our shareholders that we will work diligently to transform our company into a world class educational organization. We intend to quickly add the right mix of industry professionals in order to acquire, market, manage and grow a portfolio of educational operations throughout China. We believe this strategy in China will enable us to achieve exceptional growth in the coming years. With this first acquisition, the future for our company has never looked brighter."

USChina Channel, Inc. (OTCBB: USCC) is a U.S. based holding company engaged in the acquisition and operation of educational facilities in the Peoples Republic of China. Through its wholly owned Chinese subsidiary, Hangzhou Kunjiang Education and Technology Co., Ltd., it currently operates Shaoxing China Textile City High School. This private primary education school for grades 7 through 12, located in the Zhejiang Province in China, offers unified national core curriculums such as Chinese, mathematics, physics, English, history, biology, and related primary courses. Established in 2002, Shaoxing High School operates on a 25 acre campus and offers 57 classes across six grades. After eight years of development, Shaoxing High School has an enrollment of approximately 3,000 students and a staff of approximately 195 instructors, administrators and support staff. 

DISCLOSURE NOTICE:

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, USChina Channel, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations regarding our ability to acquire additional schools in China, develop a brand name, provide management services, hire academic professionals in the future, develop a world class educational organization and our growth and future prospects. 

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2010 and our Current Report on Form 8-K filed on January 6, 2011.

Contact Information

  • Contact Information:
    For the Company:
    USChina Channel, Inc.
    Joel Mason
    CEO
    Phone: (561) 716-5253
    Email: joelmas24@aol.com