Investor Relations eng chn

News

ATA Announces Additional Investment in SAT Exam-related Services Company Satech (Beijing) Network Education Technology Limited

2016-04-11 778
ATA Announces Additional Investment in SAT Exam-related Services Company

Satech (Beijing) Network Education Technology Limited

 

Date of Release: April 11, 2016


Beijing, China, April 11, 2016 -- ATA Inc. (“ATA” or the “Company”, Nasdaq: ATAI), a leading provider of advanced testing technologies and testing-related services in China, today announced the Company has made an additional strategic investment in Satech (Beijing) Network Education Technology Limited (“Satech”), a related technologies and services provider of SAT studies and other English studies in China.

 

ATA announced its initial strategic investment in Satech in early 2015, which represented the Company’s first investment in the abroad studies market. Following this additional investment, ATA will continue to work closely with Satech management to help expand its marketing across China, as well as enriching its range of services and products in abroad studies education, while integrating its services into ATA’s other lines of expertise.

 

Mr. Kevin Ma, ATA’s Chairman and CEO, stated, “We are pleased to continue our collaboration with Satech. In the past year, Satech has successfully launched Cece TOEFL and its accompanying mobile application. Cece TOEFL is the sister product to Satech’s leading SAT product in China and is available at www.cecetoefl.com. Cece TOEFL is a study aid product providing online test preparation and training tools for students seeking to improve their reading comprehension, listening, oral and writing skills in English as they prepare for the TOEFL, a test that is recognized by more than 9,000 colleges and universities in more than 130 countries, including Australia, Canada, the U.K. and the United States. While Satech continues to be in the earlier stages of its development, we believe that fortifying our investment in the company will be advantageous in ATA’s efforts to break into the international studies market.”

 

Background on Satech (Beijing) Network Education Technology Limited

 

Satech (Beijing) Network Education Technology Limited was founded in 2014 as a provider of online assessment and learning systems of SAT studies and other English studies, primarily for high school students in China. Satech is an education technology company focused on improving student learning experiences through an in-depth approach that includes dynamic monitoring of learning, observation and evaluation of teaching methodologies, data mining, automated scoring, as well as online courses. The current two flagship products “Cece SAT” and “Cece TOEFL” are available both online and on mobile devices. “Cece SAT” has become the leading SAT testing product in China.

 

About ATA Inc.

 

ATA is a leading provider of advanced testing technologies in China. The Company offers comprehensive services for the creation and delivery of assessments based on its proprietary testing technologies and test delivery platform. ATA’s testing technologies are used for professional licensure and certification tests in various industries, including information technology services, banking, teaching, securities, insurance, and accounting. As of December 31, 2015, ATA's test center network comprised 3,250 authorized test centers located throughout China. The Company believes that it has the largest test center network of any commercial testing service provider in China.

 

ATA has delivered more than 75.4 million billable tests since ATA started operations in 1999.

 

For more information on our company, please contact the following individuals:

 

At the Company
ATA Inc.
Shelly Jiang, Interim CFO
+86 10 6518 1122 x5500
jiangyan@atai.net.cn 

 

Investor Relations 
The Equity Group Inc.
Carolyne Y. Sohn, Senior Associate
415-568-2255 
+86 10 6587 6435
csohn@equityny.com
Adam Prior, Senior Vice President
212-836-9606
aprior@equityny.com

 


返回列表
转发到: