Possible Acquisition???News out today from CER. Another possible acquisition for INT and LM, imo. Would be great if there was some consolidation in this sector.
China Education Resources generated gross revenues of $5,436,165 in 2010. This is compared to gross revenue of $2,790,137 for the same period in 2009, representing a 95% increase in revenue. It recorded a net loss of $615,832 (including non-cash stock-based compensation expenses of $623,449) as compared to a net loss of $2,080,670 for the same period in 2009.
2010 financial highlights include:
-- Online teacher training revenue of $1,751,214 generated during
2010 as compared to $474,830 during the same period in 2009,
representing a 269% increase in revenue of teacher training;
-- Text book sales revenue of $3,684,951 generated during 2010 as
compared to $2,315,307 during the same period in 2009,
representing a 59% increase in revenue of text book sales.