China Education Alliance, Inc. Announces Strong First Quarter and Fiscal Year 2009 Results

ARBIN, China, May 19 /PRNewswire-Asia-FirstCall/ -- China Education Alliance, Inc. (OTC Bulletin Board: CEUA; ''China Education Alliance'' or ''the Company''), a leading distributor of educational resources, offering high-quality programs and training both through online networks and an on-site training center in the People's Republic of China, today reported strong financial results for the first quarter ended March 31, 2009.

   First Quarter 2009 Highlights

   -- Total Revenue increased 101.6% year over year to approximately
      $8.2 million
   -- Gross profit rose 87.5% to approximately $6.1 million or 74.2% of
      sales, compared to 79.7% of sales in the first quarter of fiscal 2008
   -- Operating income totalled approximately $3.4 million, versus an
      operating income of approximately $1.5 million in the first quarter of
      fiscal 2008
   -- Net income was approximately $3.2 million, versus net income of
      approximately $1.9 million in the first quarter of fiscal 2008
   -- Net income grew to a record $0.13 per fully diluted share, versus net
      income of $0.08 per fully diluted share in the first quarter of fiscal

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      2008