ChinaCast Education Corporation to Release Full Year 2006 U.S. GAAP Results On April 17 and Host Earnings Conference Call On April 18


BEIJING, April 11, 2007 (PRIME NEWSWIRE) -- ChinaCast Education Corporation (OTCBB:CEUC), a leading e-learning services and content provider to educational institutions, government agencies and Fortune 500 enterprises in China, today announced that it will report its U.S. GAAP financial results for the full year ended December 31, 2006, after the U.S. market closes on April 17, 2007. The discussion will feature remarks by Ron Chan, Chairman and CEO, Antonio Sena, CFO, and Michael Santos, Chief Marketing Officer. Access information for the conference call and webcast is as follows:


 Date:  Wednesday, April 18, 2007
 Time:  10:00 a.m. ET / 7:00 a.m. PT
 Web cast: http://investor.shareholder.com/media/chinacast/
 U.S./Canada:  1-800-310-6649
 International:  1-719-457-2693

Please access the website approximately 10 minutes prior to the start time in order to download and install any necessary software.

A replay of the conference call may be accessed by phone, starting 2 hours after the end of the call, at the following numbers until April 25, 2007.


 U.S./Canada:  1-888-203-1112
 International:  1-719-457-0820
 Pass Code:  6824749

A replay of the FY 2006 earnings call will be available at http://investor.shareholder.com/media/chinacast/

About ChinaCast Education Corporation

Established in 1999 and headquartered in Beijing, ChinaCast (OTCBB:CEUC) provides e-learning services and content to educational institutions, government agencies and Fortune 500 enterprises, through its subsidiary, ChinaCast Communication Holdings (CCH). These services include interactive distance learning applications, multimedia education content, educational portals, as well as IT certification and management training courses. In December 2006, ChinaCast (formerly known as Great Wall Acquisition Corporation, OTCBB:GWAQ) made a successful general offer to acquire CCH, a public company listed on the Singapore Stock Exchange (SGX). As of March 26, 2007, ChinaCast holds 93.73% of CCH. It is ChinaCast's stated intention to acquire the remaining shares of CCH and de-list it from the SGX. The Company intends to eventually seek listing on the NASDAQ.



            

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