HANGZHOU, China, Feb. 17, 2010 (GLOBE NEWSWIRE) -- China Executive Education Corp. (the "Company"), a Nevada corporation engaged in the executive education business, completed a reverse merger into a public company named On Demand Heavy Duty Corp. (OTCBB:ODHD), a Nevada Corporation that has acquired all the outstanding capital stock of Surmounting Limit Marketing Adviser Limited ("SLM"), a Hong Kong corporation. As part of the Merger, the Company's name was changed from "On Demand Heavy Duty Corp." to the Merger Sub's name "China Executive Education Corp." The Company is communicating with FINRA for the name change and trading symbol change on the OTC Bulletin Board. In conjunction with the merger, Kaien Liang, Chairman of SLM and MYL Business, was elected to serve on the Board of Directors as Chairman and was appointed as Chief Executive Officer of the Company.

Surmounting Limit Marketing Adviser Limited was incorporated in Hong Kong under the Chapter 32 Companies Ordinance and has a 100% stake of MYL Business, a People's Republic of China ("PRC") company. Post the transaction contemplated in the Merger Agreement, there were 22,000,000 shares of common stock issued and outstanding. 

As part of the Merger, pursuant to a stock purchase agreement (the "Stock Purchase Agreement") SLM transferred all of the outstanding capital of its subsidiary, On Demand Heavy Duty Holdings, Inc.  ("Holdings") to certain of its shareholders in exchange for the cancellation of 3,000,000 shares of the Company's common stock (the "Split Off Transaction").  Holdings was engaged in the business of Internet travel planning.  Following the Merger and the Split-Off Transaction, the Company discontinued its former business and is now engaged in the executive education business.   

China Executive Education Corp. is a fast-growing executive education company in China. The Company operates comprehensive business training programs through its controlled affiliates and subsidiaries in Hangzhou and Shanghai, which are two prosperous and commercial cities of China. Its executive training programs are designed to fit the needs of Chinese entrepreneurs, and to improve their leadership skill, management skills and marketing skills, as well as bottom-line results. China Executive Education's comprehensive business training initiatives integrate research-based, proprietary content with processes that are specifically and explicitly connected to the critical business issues that most private Chinese companies are facing. This allows the trainees to better utilize achieve their potentials and better align individual goals and competencies with organizational objectives of their employers or business. They have developed 22 training courses which include a core course, named "Seven Essential Classes for Business Executives."

China Executive Education derives its sales revenue from selling our proprietary training courses. The company also generates sales revenue from its "Featured Lectures" events which are organized by them periodically with the presence of world masters or well-known keynote speakers. In 2009, the Company organized four such Featured Lectures in Shanghai. The featured speakers are Mr. Mark Hansen, Writer of Chicken Soup for the Soul; Roger Dawson, the top U.S. negotiator; Joe Girard, top sales executive and the keeper of Guinness Record; and Mr. John C. Maxwell, the World Master of Leadership.

China Executive Education sells its training programs through its own sales team which consists of 220 self-motivated sales staff. It also promotes its services through the Internet via www.magicyourlife101.com and www.myl101.com. The domain name of www.magicyourlife101.com was registered by Mr. Kaien Liang in the name of Surmounting Limit Marketing Adviser Limited (Shanghai). The registered operator of this website is Shanghai Kaiye Investment Consulting Co., Ltd.  The domain name of www.myl101.com is registered by Dreamer Marketing Adviser (Shanghai) Co., Ltd. The registered operator of this website is MYL Commercial.

Financial Highlights

Since its business inception in April 2009, China Executive Education has experienced rapid and steady business growth. During the nine months in operation in 2009, the company has enrolled approximately 2,874 trainees to its program, and generated approximately US$12.76 million of fee payment, of which US$9.14 million has been recognized as sales revenue and US$3.31 million as the net profit in year 2009.

Details of the reverse merger transaction are included in the Form 8-K filed with the Securities and Exchange Commission by China Executive Education Corp. on February 12, 2010.

Forward-looking statements:

The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.