HANGZHOU, China, April 14, 2010 (GLOBE NEWSWIRE) -- China Executive Education Corp. (OTCBB:CECX), a China-based executive training company designed to fit the needs of Chinese entrepreneurs with classes to improve their skills on Marketing, Sales, Public Speaking, Leadership, Business Motivation and a different variety of Business Management skills, announced today that it has received a new trading symbol, "CECX," on the OTC Bulletin Board, effective April 12, 2010. The company also announces it will release fourth quarter and year end results on Form 10-K on April 14, after the close of the market.
The Company received approval from FINRA on April 9, 2010 to change its trading symbol to reflect the name change from "On Demand Heavy Duty Corp." to "China Executive Education Corp." in connection with the merger previously disclosed on February 12, 2010 and detailed on the Form 8-K filed with the Securities and Exchange Commission.
Mr. Kaien Liang, chief executive officer of China Executive Education Corp., commented: "Our new name is an important step as we focus on expanding and developing our professional business training programs in China. As the number of entrepreneurs and affluent businessmen in China increases, we will continue to expand our network into the commercial cities of China to offer a different variety of business programs that serve their needs. We believe our proprietary business training programs serve a need in the rapidly changing and surging economy of China. Both our client base and sales have experienced continuous growth from month to month in the past eight months of operation. At the same time, we look forward to collaborating with other education consulting companies in different regions of China which we believe will continue to lead to a strong increase on the numbers of companies we can serve."
About China Executive Education Corp.
China Executive Education Corp., operating through MYL Business, is a fast-growing executive education company in China that offers comprehensive professional training programs in Hangzhou and Shanghai, two prosperous and commercial cities of China. Through open-enrollment training programs, including proprietary training courses and featured lectures, the company provides Chinese business executives with a different variety of business training such as sales, marketing, leadership development and highly effective personal skill development focused on decision-making skills, negotiation skills, public speaking skills and people skills. The training courses include a 7-course package for CEO, as well as 22 other business development courses. We are also one of very few business education training companies in China which has the reputation and resources to attract the world renowned masters such as guru on management, Tom Peters; guru on leadership, John Maxwell; and guru on relationships, John Gray, coming to China. China Executive Education Corp. will continue to pave the way for the Chinese entrepreneurs who would like to have greater success going forward and help them go international easier. Since formally launching in April 2009, the company has provided its training programs to 2,874 Chinese business owners and executives from a broad range of industries.
Forward-Looking Statements
This press release may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding the Company's ability to meet its obligations under its various contracts; the timeliness of payments and other economic benefits the Company expects to receive under such contracts; and the Company's ability to maintain its customer relationships and to maintain its ability to pursue its commercial objectives. In addition, the Company's operations are conducted in the PRC and, accordingly, are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe such as risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in the PRC and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available at http://www.sec.gov. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.