Noah education and Franklin Electronic Publishers

2010 26 February (China, Shenzhen), a leading education accessible content and service providers — nuoyazhou education Holdings Limited (stock code: NED), today announced that its follow 2009 on October 8, the final agreement on 24 February this year to the United States Franklin Electronic Publishers (hereinafter referred to as "Franklin") of strategic investment.



Nuoyazhou education holding Group on Franklin Electronic Publishers strategic investment including equivalent to 100 million class b shares, as well as equivalent to 200 m in A class of preferred stock, final investment amounted to USD 3 million, representing about electronic publishing co. Franklin of 20%.



Nuoyazhou education holding group subscription Shining Sea Ltd. equivalent to us $ 2 million a total of 80 million pieces of A class of preferred stock. Shining Sea is Renaissance Technologies LLC-founder, Dr. James Simons and its family of direct benefit to investment companies. At the same time, the Shining Sea to previously agreed per share price of $ 5.47 to the nuoyazhou education group existing shareholders Global Technologies Ltd. and Wise Dynamic View Investments Ltd. to subscribe for a total of 365,630 shares of common stock only about nuoyazhou group in 1.0% of shares.



In view of the Franklin is now actively expand business opportunities to increase profits, nuoyazhou as a possession of its 20% shareholders will thus expected to obtain the expected return on investment. Both sides expressed the hope that this can become a strategic investment to enhance further coordination between the Group's solid foundation. In October 2009, the agreement of the parties with respect to a series of cooperative arrangements. First of all, the nuoyazhou enjoyed Franklin spelling competition world China exclusive sponsorship, the spelling competition for extensive participation and global awareness will give nuoyazhou brand promotion brings great opportunity. Secondly, the nuoyazhou will leverage principle, Franklin powerful outside China to the world market network output company of e-learning products to complete the Group business of regional expansion. In addition, the nuoyazhou will be entitled to act as Franklin preferred ODM manufacturer's rights, as Franklin handheld electronic products and Palm language learning products provides the content. Finally, this cooperation as a nuoyazhou overall strength of enhanced and joint r&d cost savings.



Nuoyazhou, Chairman and Chief Executive Officer, Mr Tung said: "we are pleased to see this strategy for a smooth implementation of investment projects, and want to establish mutually beneficial long-term cooperation relations"; "by virtue of Franklin world-renowned brand appeal, mature international distribution network, and most of the English spelling competition, nuoyazhou not only for corporate business overseas regional expansion, will strengthen our leadership position in China to further improve our domestic market share. Announced in October last year that investment, by both the research and development to develop learning products plus Franklin overseas broad marketing channels, we have foreseen such a partnership will enable both parties benefit. We also see that this cooperation will make the company's business volume in the ODM in FY 2010 dramatically escalating. I am confident, nuoyazhou and Franklin in the future of sustainable cooperation synergy will further enhance their brand awareness, grasp new growth opportunities. "Franklin Electronic Publishers and CEO Barry J. Lipsky said:" as of December 31, this quarter, operating income, Franklin nuoyazhou has become the largest contract manufacturer, embodies this collaboration resulting synergies. We hope that the cooperation and nuoyazhou business rise, just increase the amount of ODM customers forward to Franklin's technology, brand, and content of that promotion. We plan to use a series of Chinese language learning products to help nuoyazhou education holding group enter the United States and the European market. "Barry J. Lipsky also added that" in addition, we also expect was to be held in 2010 in the second World English spelling competition China railway station events and nuoyazhou expand cooperation, for the month of August in New York prepare for the world finals. ”