ATLANTA and SHANGHAI P. R. China, Dec. 14, 2004 (PRIMEZONE) -- Asia Broadband, Inc. (Pink Sheets:ASAB) today announces that its Chinese subsidiary, Shanghai Broadband Network, has entered into a strategic contract with Bozheng Education Technological Co., Ltd. to implement the company's academically approved IE21 Primary School English Teaching Multimedia System at schools across Shanghai. In accordance with the agreement, Bozheng will become an official channel partner to provide the interactive multimedia system to 10 districts of the city.
Following the adoption of this program earlier this year by Education Information Center of Pudong New Area of Shanghai to be used in the schools of Pudong district, the agreement will expand Shanghai Broadband Network's distribution channels for its children's programs throughout the city of Shanghai and establish presence in all the main school districts of Shanghai.
Under the 12 month agreement, Bozheng Education Technological Co., Ltd. will deliver the interactive multimedia system with a total value of RMB 1.6mil (equivalent U.S. 195k) over a 1-year period.
Yuguo Zhang, CEO of Asia Broadband said, "Developing strong relationships with leading partners is a key strategy to our growing business. The Company has worked directly with top-ranking governmental educational institutions to meet the local training needs and standards for school teaching. Consequently we are proud to be chosen as a main language e-learning provider. By establishing a formal contract with Bozheng, we are able to accelerate the delivery of our state-of-the-art classroom English teaching solutions to schools throughout Shanghai and strengthen our strategic positioning in the e-learning market."
Bozheng Education Technological Co., Ltd. closely cooperates with the government school authorities of Shanghai in distributing new educational standard multimedia systems for the primary schools in-class teaching.
On behalf of board of directors:
Yuguo Zhang Graham Brant CEO President
About Asia Broadband Inc.
Asia Broadband Inc. (Pink Sheets:ASAB) is wholly focused on becoming a leading provider of online and blended online/offline educational programs in China and throughout Asia. Asia Broadband operates in China through its 95% owned and controlled Chinese subsidiary Shanghai Broadband Network, Inc.