ChinaCast Education Corp

(NASDAQ Global Market: CAST)

Industry: Specialized Consumer Services
On the web: http://www.chinacastcomm.com
Employees: 800

ChinaCast Education Corporation is an e-learning and training services provider in the Peoples Republic of China. It provides its e-learning education services via its nationwide satellite broadband network and traditional bricks and mortar schools 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, vocational/career training courses and English language training through its Daily English Language training centers. The company offers bachelor and diploma programs to students in China as a result of its acquisition of a university in Chongqing, China. Since its acquisition of Hai Lai Education Technology Limited on April 11, 2008, it has organized as two business segments, the E-learning and training service group, encompassing all of the Company's business before the acquisition, and the Traditional University Group, offering bachelor and diploma programs to students in China. Its newly acquired Foreign Trade Business College of Chongqing Normal University is an independent, for-profit, private residential university affiliated with Chongqing Normal University. With 11,000 students, FTBC offers four-year bachelor's degree and three-year diploma programs in numerous fields, all of which are fully accredited by the Ministry of Education. The company competes with state-owned and private enterprises that provide IT/Telecom services as well as educational services. These include large, well-funded state owned telecom companies such as China Telecom, China Netcom, China Unicom, as well as private educational service companies such as ChinaEdu, Beida Online, Ambow, China Education Alliance, and China-Training.com.