Investee Co. Interim Results

RNS Number:9582C
Europasia Education PLC
15 May 2006


15 May 2006

                             EUROPASIA EDUCATION


DBI Interim Results show strong growth


Europasia Education plc's ("EPE") investee company, Dalian Business Institute
Ltd ("DBI"), today released interim results for the six months ended 31 January
2006 showing turnover of #1.0 million, and post tax profits of #0.9 million, up
13.1% on the comparative period in 2005.


DBI is a Jersey incorporated company with a 25 year contract for the management
of Dalian Business Institute in Liaoning Province, China ("DBIC").  DBI is in
the process of applying for a quotation on Ofex, with trading expected to
commence on 23 May.


DBI announced last week that it had successfully raised #1.5 million to fund
expansion of its facilities to meet demand for its courses. Following the fund
raising, EPE's stake in DBI is 10.8%.


Mr Zhang Wenchao, President of DBIC, said: "We continue to see strong demand for
our programs, reflected in the increased profits for the six months to January
2006. Once quoted on Ofex, we will look both to expand organically, through
additional courses and increased facilities, and via acquisition, using the
funds raised and the strong cash flows generated by the business."


James Holmes, EPE Chairman, said: "We invested #1.1 million for a stake in DBI,
which should show a significant uplift when the company is quoted on Ofex in the
next two weeks."


For further information, contact:

Paul Quade                                        James Holmes

City Road Communications                          Europasia Education plc

Tel [phone]                                 Tel [phone]


About Dalian Business Institute China

DBIC is located in Dalian city, Liaoning Province. Founded in 1997, DBIC is a
nationally accredited comprehensive three-year college focusing on business and
arts subjects. There are currently over 5,000 students, based in the campus in
Liaoning Province, China. There are 6 colleges and 5 faculties on the site,
providing 3-year diploma, and distance learning courses in 8 specific areas:
Business Management; International Trade; International Accounting & Finance;
Information Technology; International Tourism; Foreign Languages; Business Laws;
and Arts.


The college diplomas awarded by DBI are recognised by the Ministry of Education
(MOE), the government authority of China. In China, only a degree or diploma
granted by a university or college accredited by the Ministry of Education can
be recognised officially in the nation. DBI is also working with local renowned
public universities, such as Bohai University & Dalian University of Technology,
to provide additional 1-2 year courses leading to bachelor's degree from those
partnership universities.


                     This information is provided by RNS
            The company news service from the London Stock Exchange
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