BEIJING, May 14, 2008 (PRIME NEWSWIRE) -- ChinaCast Education Corporation (Nasdaq:CAST), one of the leading e-learning and training services providers in China, today announced that its CEO and Management will preside over the opening of trading on NASDAQ on Thursday, May 15, 2008, in celebration of ChinaCast's listing on the NASDAQ Global market.
Ron Chan, Chairman and CEO of ChinaCast, commented: "Opening trading on NASDAQ culminates a year of exciting transformation in our company. We are extremely proud to be listed on NASDAQ and to have the privilege and honor of opening today's trading."
A live webcast of the NASDAQ opening bell will be available at http://www.nasdaq.com/about/marketsitetowervideo.asx starting at 9:20 am ET on Thursday, May 15, 2008.
About ChinaCast Education Corporation
Established in 1999, ChinaCast is one of the PRC's leading publicly listed for-profit, post-secondary education and e-learning services providers. With over 1,200 employees, ChinaCast serves 121,000 students over its e-learning network and more than 10,400 students in traditional education settings. The Company provides undergraduate degree programs through its 80% ownership in the Foreign Trade and Business College (FTBC) of Chongqing Normal University. FTBC offers career-oriented 4-year bachelor's degree and 2-year diploma programs in finance, economics, trade, tourism management, advertising, language, IT and music. These degree and diploma programs are fully accredited by the PRC Ministry of Education. The Company provides its e-learning education services via its nationwide satellite broadband network to leading post-secondary educational institutions, K-12 schools, government agencies and corporate enterprises. These services include interactive distance learning applications, multimedia education content delivery, English language training and vocational/career training courses. The company is listed on the NASDAQ with the ticker symbol CAST.