This Letter of Intent involves
Title: China Education International Enters a Letter of Intent to Acquire Edu Cloud, Inc
Industry: Schools Sector: Services
China Education International Enters a Letter of Intent to Acquire Edu Cloud, Inc.
NEW YORK, March 27, 2013 -- China Education International, Inc. (OTCQB: CEII) (the "Company"), with the goal of managing and operating private schools and educational organizations worldwide, today announced that it has entered a letter of intent to acquire Edu Cloud, Inc. (“EDUX”), a New York based corporation.
EDUX is a multi-functional online education provider and is in active process of building up online education platform by providing access and technique support to users of the online education platform, including both students subscribers and individuals and schools who offer online education and classes. EDUX’s mission is to an open education platform to provide one-stop education service, a combination of e-commerce, online education and operating management, to provide high quality online courses and learning services to anyone who wants to learn, and to provide online teaching system for anyone who wants to teach.
China Education's President and Chief Executive