NEW YORK, June 11, 2018 (GLOBE NEWSWIRE) -- American Education Center, Inc. (“AEC” or the “Company”) (OTCQB:AMCT), an emerging growth company providing educational and career enrichment opportunities for Chinese students studying in the United States, announced today that it has entered into a non-binding letter of intent (“LOI”) with Shanghai Yijin Education Group (“Shanghai Yijin”), a leading education group in China, for the implementation of seven international certificate projects in China.
Pursuant to the LOI, AEC and Shanghai Yijin Education Group agreed to work together on seven international certification projects. The potential certificate projects proposed in the LOI include, English as a Second Language (ESL) Exams, Certified Anti-Money Laundering Specialist (CAMS) Certification, Financial Risk Manager (FRM) Certification, LinkedIn Recruiter Certification, NCBHH Board Certified Home Health Medical Coder (BCHH-C), American Council on Exercise Certifications, and CPA Personal Financial Specialist (CPA/PFS) Certification.
Shanghai Yijin Education Group will be responsible for organizing student registration, conducting classes, and administering exams. AEC will provide relevant materials to support the certification examinations, including examination requirements, teaching materials, teaching resources, etc., and will be responsible for issuing certificates.
Max P. Chen, Chairman and Chief Executive Officer of AEC, commented, “The founding member of Shanghai Yijian Education Group, the Shanghai College of Future New Era, was established in 1991 specializing in continuing adult education. Since then, Shanghai Yijian Education Group has consistently innovated in integrating new education technology and has expanded to become a leading education provider.”
Mr. Chen continued, “We look forward to cooperating with Shanghai Yijian as our institutions share similar goals and philosophies. Our certificate materials provide learners with the best available tools to succeed and we are pleased to work with a partner that places a similar emphasis on accomplishment, results, and quality of education.”
About American Education Center, Inc. (OTCQB:AMCT)
Headquartered in New York with operations in China, American Education Center, Inc. is one of the most experienced and recognizable comprehensive education advisory service companies in the United States. Our service offerings include customized placement advisory, career advisory, and student and family services advisory designed to address the demand of rising middleclass families in China for quality education and career experience in the United States. We prioritize personalized attention to students, our ability to place educators and students at top universities globally, and understanding the recruiting needs of top universities for international students and faculty, within a single organization. For more information, please visit: www.aec100.com.
About Shanghai Yijin Education Group
Shanghai Yijin Education Group systematically integrates offline classroom education and online teaching resources by virtue of over 20 years of experience in school-running and training, education consultation as well as development and operation of Internet technology Members of the Shanghai Yijin Education Group provide distance education, online course learning and education, international kindergarten and high school education, and other education offerings. For more information, please visit: http://www.yijinedu.com/.
Forward Looking Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
For more information, please contact:
Nancy Qin
American Education Center, Inc.
Phone: (212) 825-0437
Email: f.qin@aec100.com
Tina Xiao
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com