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Archive for May 28th, 2013

Clearbridge BioMedics Reveals ClearCell(R) FX, Next Generation Label-free Cancer Cell Enrichment System at ASCO 2013

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CHICAGO, May 28, 2013 /PRNewswire/ — Clearbridge BioMedics today revealed its next generation ClearCell® FX System, which is developed for in vitro diagnostic applications. This will be on showcase at the American Society of Clinical Oncology (ASCO) 2013 Annual Meeting at booth number 23092, from 31 May to 4 June 2013.

The new ClearCell® FX System is based on inertial focusing microfluidics and is label-free. Circulating Tumor Cells (CTCs) in a patient’s blood sample are separated and isolated using this novel inertial focusing spiral microfluidics in the single-use CTChip® FR. The larger and denser CTCs are separated from the other blood cells within the spiral biochip due to biomechanical differences and are subsequently focused into an enriched CTC “stream”. These cell “streams” are then channelled and collected in a tube and can be readily used for downstream molecular analysis, such as mutation testing for targeted therapies. These retreived cancer cells remain wholly intact and viable due to the label-free separation process used. The ClearCell® FX System will allow physicians and researchers to rapidly isolate CTCs for further diagnostic testing and even cell culture, paving the way for the use of CTCs in treatment monitoring and personalized medicine.

“The technology for the ClearCell® FX system was developed by Clearbridge BioMedics in collaboration with the National University of Singapore and the Singapore-MIT Alliance for Research and Technology (SMART) center. Our new system will subsequently be undergoing regulatory approval in the U.S. and Europe. Once approved, it will be one of the world’s first label-free CTC enrichment systems for diagnostic use. Clearbridge BioMedics believes this system will be an ideal companion diagnostic system that complements various cancer therapies,” said Mr Johnson Chen, Co-founder and Managing Director, Clearbridge BioMedics.

Clearbridge BioMedics has engaged leading product development firm Cambridge Consultants to build the ClearCell® FX system. Clearbridge BioMedics worked with Cambridge Consultants to design the ClearCell® FX System to be a robust platform, suitable for both research and diagnostic applications.

John Pritchard, Head of Diagnostics at Cambridge Consultants, said: “This has been a collaborative merging of our extensive experience in diagnostic device development and Clearbridge BioMedics’ expertise in cancer research and diagnostics — and it’s led to breakthrough technology that will have a huge impact on a lot of people’s lives. Our systems engineering approach, coupled with our skills in fluidics, software and compliance, has enabled us to work quickly and efficiently with Clearbridge BioMedics — even though we are thousands of miles apart.”

Set up in late 2009, Clearbridge BioMedics is a spin-off company from the National University of Singapore. The company’s first generation ClearCell® System, which was launched for the cancer research market in 2011, is one of the first non-biomarker based systems commercially available to detect, isolate and retrieve CTCs from blood. In early 2013, Clearbridge BioMedics raised US$7.2 million as its Series B funding. This injection of funds is being used to develop this next generation ClearCell® System. Clearbridge BioMedics is ISO13485 certified for the development of cell-based in-vitro diagnostic devices.

About Clearbridge BioMedics

Clearbridge BioMedics (CBB) specializes in novel platforms with applications in oncology research and diagnostics. It is a National University of Singapore (NUS) spinoff company that is committed to developing medical devices, which will impact the world and revolutionize cancer diagnostics and patient care, by leveraging on ground-breaking technology from research partners.

The ClearCell® System comprises patent-pending CTChips®, which are microfluidic biochips able to effectively detect, isolate and also retrieve wholly-intact CTCs (Circulating Tumor Cells) from small quantities of patient blood samples. The isolated CTCs can then be stained for identification and enumeration, or retrieved for further molecular analysis. The ClearCell® System aims to be the next generation of non-invasive “liquid biopsy” approach for cancer screening, diagnosis, staging, personalised medication, and treatment monitoring.

CBB won all top three awards at the 2012 WSJ Asian Innovation Award (presented by The Wall Street Journal in partnership with Credit Suisse), and is also the winner of the 2012 Asian Entrepreneurship Awards in Japan. In March 2013, CBB closed a Series B investment with Vertex Venture Holdings Ltd (the wholly-owned VC arm of Temasek Holdings), SPRING Seeds Capital, Clearbridge BSA Pte Ltd and Mr Lu Yoh Chie, and BioVeda Capital.

Headquartered in Singapore, Clearbridge BioMedics currently has customers spanning Asia, Europe and North America.

About Cambridge Consultants

Cambridge Consultants develops breakthrough products, creates and licenses intellectual property, and provides business consultancy in technology critical issues for clients worldwide. For more than 50 years, the company has been helping its clients turn business opportunities into commercial successes, whether they are launching first-to-market products, entering new markets or expanding existing markets through the introduction of new technologies. With a team of more than 380 staff, including engineers, scientists, mathematicians and designers, in offices in Cambridge (UK), Boston (USA) and Singapore, Cambridge Consultants offers solutions across a diverse range of industries including medical technology, industrial and consumer products, transport, energy, cleantech and wireless communications. For more information, visit

Cambridge Consultants is part of Altran, a global leader in innovation and high-tech engineering consulting which supports companies in the creation and development of their new products and services. With a staff of 20,000 employees in more than 20 countries, the Group generated revenues of EUR1,456m in 2012. For more information visit:

View in PR Newswire Asia website: Clearbridge BioMedics Reveals ClearCell(R) FX, Next Generation Label-free Cancer Cell Enrichment System at ASCO 2013

Written by asiafreshnews

May 28, 2013 at 10:23 pm

Posted in All releases

Dianping Report Examines Changes in China’s Urban Lifestyles and Consumer Trends Over the Last Decade

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SHANGHAI, May 28, 2013 /PRNewswire/ — Dianping, a leading local life and business platform in China, recently published a report titled Ten-Year Changes in China‘s City Life Consumption (2003-2013). The report analyzed consumption data concerning, among other things, dining, entertainment, cosmetics, weddings, and parenting in 23 major cities across China and revealed the changes in consumer and lifestyle trends in China‘s major cities between 2003 and 2013.

According to the report, China‘s urban lifestyle has experienced tremendous changes driven by economic and technological developments. From 2003 to 2013, consumers have increasingly relied on local life platforms such as Dianping to access daily life information, offers and services, and the needs of China‘s urban consumers are becoming more diversified.

The report indicated that China‘s average cost per person, per meal grew on an annual basis from 2005 to 2012. In 2005, average cost per person, per meal in China‘s 23 cities was 30 yuan to 70 yuan (excluding snacks), and the figure increased to 50 yuan to 90 yuan in 2012.

The report also showed that China‘s urban consumers have gradually developed new lifestyles over the past two years: they are able to enjoy discounts through electronic couponing and group buying while mobile apps have allowed them to quickly make decisions and gain access to offers anywhere, anytime.

Since Dianping launched its group buying service in 2010, the group buying market has been heating up. As of the first quarter of 2013, Dianping has sold more than 110 million group buying coupons throughout China. Since 2010, Dianping has helped consumers save approximately 11 billion yuan by offering an average 60-70 percent discount to a wide variety of products and services.

In addition, more and more consumers are gaining access to offers by downloading electronic coupons through mobile apps. As of March 2013, Dianping mobile apps accounted for 84 percent of the total electronic coupon downloads.

As the world’s first independent third-party consumer review website, Dianping has undergone a decade of development. Based on the extensive business information contributed by consumers and combined with consumer reviews, Dianping prepared the Ten-Year Changes in China‘s City Life Consumption (2003-2013) report.

As of the first quarter of 2013, Dianping (including and mobile apps) has more than 1.7 billion monthly page views, 60 million monthly active users, 25 million reviews, and a directory of 2.6 million local businesses in more than 2,300 cities across China. In addition, Dianping mobile apps have become an indispensable local life tool. As of the first quarter of 2013, Dianping mobile apps has more than 64 million unique users, with views via mobile apps accounting for more than 70 percent of the total.

About Dianping

Dianping is the leading local platform in China by offering local business search, user generated reviews, detailed business information, featured discounts, group buying, and other merchant services through and mobile apps. Founded in April 2003, was one of the first websites to provide business reviews written by independent consumers in China. Powered by a large and growing user community, covers a full spectrum of local business content and reviews from restaurants, boutiques, to entertainment, leisure, and lifestyle services. In addition, provides a one-stop targeted marketing solution for small and medium-sized businesses using electronic coupons, online advertising, and group buying. To meet the growing demands of mobile users, Dianping has also expanded into the mobile app space and seen exponential growth in adoption and usage. was founded by Tao Zhang in 2003 and its founding team included Jason Li, Bo Zhang, Shuhong Ye and Edward Long.

Key Statistics

As of Q1 of 2013, Dianping has more than 60 million monthly active users, over 25 million reviews, and more than 2.6 million local businesses covering approximately 2,300 cities across China.

As of Q1 of 2013, Dianping (including and Dianping mobile apps) has more than 1.7 billion page views monthly, out of which, over 70 percent came from mobile users. The mobile apps has more than 64 million accumulated unique users.

Dianping is headquartered in Shanghai, China, with established branch operations in 30 cities including Beijing, Guangzhou, Tianjin, Hangzhou, Nanjing, Shenzhen, Suzhou, Wuxi, Ningbo, Chengdu, Chongqing, Wuhan, Xi’an, Zhengzhou, Jinan, Qingdao, Shenyang, Dalian, Changsha, Harbin, Xiamen, Fuzhou, Hefei, Changzhou, Foshan, and Taiyuan.

For more information, please contact:

Chunmei Liao

View in PR Newswire Asia website: Dianping Report Examines Changes in China’s Urban Lifestyles and Consumer Trends Over the Last Decade

Written by asiafreshnews

May 28, 2013 at 10:23 pm

Posted in All releases

United Nations Alliance of Civilizations and EF Education First to Host Summer School in New York

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ZURICH and NEW YORK, May 28, 2013 /PRNewswire/ — The United Nations Alliance of Civilizations (UNAOC) and EF Education First (EF) announced their collaboration for a unique Summer School, which will be hosted at EF’s New York campus in Tarrytown, NY, USA from 24 to 31 of August 2013. During the Summer School, 100 youth from all over the globe will gain the skills and knowledge needed to strengthen their ability to collaborate across borders and to search for joint solutions.

To view the Multimedia News Release, please click:

“The conviction that youth are a driving force for positive social change is the basis for the UNAOC-EF Summer School and we are very pleased to work alongside EF in this effort,” said Matthew Hodes, Director of the UNAOC. “This week-long summer school brings together 100 youth from all corners of the world to address pressing global challenges within the context of cultural and religious diversity.”

“This Summer School is a meaningful collaboration between two organizations dedicated to exchange and understanding,” said Eva Kockum, President of EF International Language Centers. “Through the encouragement of dialogue, the participants can gain the skills needed in today’s interdependent and intercultural world.”

Youth (between 18 and 35) who are interested in attending this year’s summer school can apply at on or before 15 June 2013.

About the United Nations Alliance of Civilizations

Formed in 2005 by former Secretary General Kofi Annan, the UNAOC’s primary mission is to improve cross-cultural understanding and cooperation among countries, peoples and communities. We live together in an interconnected world, in which globalization goes side by side with a search for often narrow-based identities. How can extremism, polarization and divisions be best resisted? This is part of the global conversation to which the UNAOC contributes. Learn more about the UNAOC at

About EF Education First

Established in 1965 with the mission to break down barriers in language, culture, and geography, EF Education First (EF) is the world’s leading international education company. EF ( has helped millions of students learn a new language and travel abroad. With a network of 450 schools and offices worldwide, EF specializes in language training, educational travel, academic degrees, and cultural exchange programs. EF has published the English Proficiency Index ( measuring the English ability of adults in countries across the world.

Press contact: Emily Daniels,, +41(0)43-4304108


View in PR Newswire Asia website: United Nations Alliance of Civilizations and EF Education First to Host Summer School in New York

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May 28, 2013 at 10:23 pm

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Urban Outfitters Europe Introduce International Shipping

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LONDON, May 28, 2013 /PRNewswire/ — Urban Outfitters Europe bring you the most up and coming women’s wear, men’s wear, home, media, lifestyle and accessories. Exciting brand collaborations and exclusive in-house designed product are all updated daily. The expansion into International territories makes Urban Outfitters Europe the online shopping destination for all things creative and unique.

To view the Multimedia News Release, please click:

As an inspiring habitat for trendsetters Urban Outfitters Europe is the emporium of European cool for fashion and lifestyle. Home to the most up and coming brands such as Antipodum, APC, Eleven Paris, House of Holland, New Balance, Jansport, Crosley and Lomography as well as offering the popular own-label product. Urban Outfitters Europe is more than an online fashion store and is now delivering to your country.

“We’re excited to offer the Urban Outfitters European Collection further afield to international markets and communicate our concept to new audiences” Denise Fender, Director of Ecommerce & Digital Marketing for Urban Outfitters Europe.

Urban Outfitters proudly announce International shipping of European exclusive products to the following territories: Canada, Australia, mainland China, Brazil, Hong Kong, Korea (South), Japan, New Zealand, Singapore, United Arab Emirates, Netherlands, Denmark, Sweden, Belgium, Spain, Switzerland, Italy, Austria, Norway, Finland, Ireland, Portugal, Luxembourg, Greece, Poland, Czech Republic, Hungary, Slovak Republic, Turkey, Russian Federation.

Look out for our monthly newsletters keeping you up to date with all the latest from Urban Outfitters Europe including product launches, news and previews. Have a look at our blog and follow us on twitter and instagram @uoeurope to see what’s happening now at Urban Outfitters Europe!


View in PR Newswire Asia website: Urban Outfitters Europe Introduce International Shipping

Written by asiafreshnews

May 28, 2013 at 9:47 pm

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One-Blue Licensing Program for Blu-ray Disc(TM) Brings Patent Infringement Action Against Imation Corporation

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NEW YORK, May 28, 2013 /PRNewswire/ — One-Blue, LLC, the one-stop shop for patent licenses from the leading providers of Blu-ray Disc™ technology, today announced that One-Blue and certain One-Blue patent owners have filed suit against Imation Corp. (NYSE:IMN) for infringing patents essential to manufacture Blu-ray Disc™ products.

The complaint, filed in the United States District Court for the District of Delaware, asserts that Imation Corp., a seller of Blu-ray Disc™ products under the Imation, TDK and Memorex brands, has infringed six (6) U.S. patents: 7,290,272; 7,389,520; 7,292,509; 7,123,567; 7,349,309; and 7,158,472. These patents are included in the portfolio offered for license by the One-Blue licensing program.

“The One-Blue patent pool provides companies with a fair and cost effective mechanism for obtaining Blu-ray Disc™ product licenses,” said Mr. William J. Lenihan, Director IP Licensing, One-Blue. “We filed this patent infringement suit in order to maintain a level playing field for the members of the One-Blue patent pool—licensors and licensees alike who manufacture and sell Blu-ray Disc™ products. We have a duty to ensure that all companies selling Blu-ray Disc™ products honor the essential patents in the One-Blue pool.”

About One-Blue
One-Blue, LLC, is the one-stop shop for patents essential to the Blu-ray Disc™ standard from leading licensors, including CyberLink, Dell, Fujitsu, Hewlett-Packard, Hitachi Consumer Electronics, JVC Kenwood, LG Electronics, Panasonic, Pioneer, Philips, Samsung, Sharp, Sony, Taiyo Yuden and Yamaha. These fifteen Licensors have made available more than ten thousand issuedBlu-ray Disc™ product patents worldwide that are essential to implementing theBlu-ray, DVD, and CD standards. One-Blue offers licenses for these patents for various Blu-ray Disc™ products including players, recorders, playback drives, recorder drives, software, PCs, pre-recorded discs, and recordable discs. One-Blue aims at creating a level playing field and thereby promotes competitive parity for all One-Blue licensees. One-Blue’s patent pool is built upon industry best practices with attractive royalties, low transaction costs and a streamlined patent licensing process.

For more information regarding this announcement, please contact:

Mr. William J. Lenihan
Director, IP Licensing
One-Blue, LLC
555 Madison Avenue
New York, NY 10022
(212) 223-4685
Andrew MacLellan
Ashley Teitelbaum

View in PR Newswire Asia website: One-Blue Licensing Program for Blu-ray Disc(TM) Brings Patent Infringement Action Against Imation Corporation

Written by asiafreshnews

May 28, 2013 at 9:33 pm

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Quintiq Shatters Four World Records for Logistics Optimization

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S’-HERTOGENBOSCH, The Netherlands, May 28, 2013 /PRNewswire/ —

Quintiq, a global leader in supply chain planning and optimization (SCP&O), has set four vehicle routing world records in independent benchmarks. Quintiq’s achievements have been verified and recorded by SINTEF, the largest independent research center in Scandinavia, on its Transportation Optimization Portal.


Using the company’s SCP&O platform, Quintiq created optimization solutions for Vehicle Routing Problem with Time Windows (VRPTW) benchmarks, which are among the most studied combinatorial optimization problems in the world. The benchmarks Quintiq targeted are the largest VRPTW instances and have the most practical relevance for business with large-scale logistics operations.

The four logistics benchmarks involve 1,000 customer delivery locations with varying delivery time windows, 100 available vehicles to make deliveries, all departing from a central depot. The four benchmarks are differentiated by decreasing the customer time windows available. For each of the benchmarks Quintiq devised routes to make all deliveries within the parameters of the benchmark. The goal of each benchmark is to generate a route plan that requires the least number of miles travelled. The routes Quintiq devised generated the least miles required for each of the four benchmarks this surpassing every prior optimization attempt.

“Finding good solutions to Gehring & Homberger’s benchmarks is a notable achievement, but to break four world records in the process is a remarkable testament to the capability and expertise we can offer clients,” commented Wim Nuijten, Quintiq’s VP of Optimization Technology. “The first world record we set was the result of a friendly internal competition between Quintiq’s experts. Following that, we wanted to continue with even greater challenges to see what else could be accomplished. The result is clear. We have yet to encounter an optimization challenge that is too large or too complex for Quintiq. Applying world-record optimization technology to a business facing a like challenge would save millions of dollars per year.”

Quintiq broke the first world record, C1_10_4, in October 2012 and then improved the results in April 2013. Quintiq went on to break three subsequent world records, C1_10_3, C1_10_9 and C1_10_10, all of which are verified by SINTEF in April 2013.

About Quintiq

Quintiq’s revolutionary supply chain planning and optimization (SCP&O) platform enables enterprises to improve efficiency at every stage of the supply chain journey. It powers end-to-end planning and optimization of personnel, resources, and processes in a single planning environment, across all planning horizons. Many of the world’s largest and most successful enterprises rely on Quintiq to achieve their business goals, strengthen their competitive advantage, and create new revenue streams.

Established in 1997 and growing rapidly, Quintiq has a global presence with dual headquarters in the Netherlands and the USA, a global development center in Malaysia, and offices around the world. Quintiq’s software is in use at over 500 locations in 78 countries worldwide.

For more information, visit or follow Quintiq on Twitter, Facebook, LinkedIn and YouTube.

Press Contacts:

North America Enquiries
Jon Temerlies
Racepoint Group
Tel: +1-202-349-0859

EMEA Enquiries
Charlotte Poh
Global Marketing Communication Manager
Tel: +31(0)736910739

View in PR Newswire Asia website: Quintiq Shatters Four World Records for Logistics Optimization

Written by asiafreshnews

May 28, 2013 at 9:33 pm

Posted in All releases

News Behind Earning Forecast of Tesla Motors, Microsoft, Citigroup, Hewlett-Packard, Intel, and Oracle

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HONG KONG, May 28, 2013 /PRNewswire/ — has issued earnings forecast reports for US market investors: Tesla Motors (NASDAQ:TSLA), Microsoft (NASDAQ:MSFT), Citigroup (NYSE:C), Hewlett-Packard (NYSE:HPQ), Intel (NASDAQ:INTC), and Oracle (NASDAQ:ORCL).

(Read full report by clicking the link below, you may need to copy and paste the full link to your browser.)

Report Highlights:

Tesla Motors Inc (NASDAQ:TSLA): By the end of trading session, Tesla Motors (NASDAQ:TSLA) shares soared 4.69% to US$97.08 with more than 16.12 million shares traded, compared to its average volume of 9.81 million shares. Through the last trading session, the shares reached a new 52-week high price of US$97.95. Shareholders had about 89% gains during last month. Observing comprehensive analysis of Tesla Motors could help investors avoid big loss in investment. Check TSLA earnings forecast report below.

Read Full Report:

Microsoft Corporation (NASDAQ:MSFT): Microsoft (NASDAQ:MSFT) shares began the trading session with a price of US$33.92. When day-trade ended, the stock finally earned US$0.12 (or 0.35%) to US$34.27. The stock traded 33.18 million shares in the last trading session, compared to its daily average of 59.25 million shares. When the equity rode on rocket since April, it recently hit the five-year peak of US$35.27. With unveiling its new Xbox one and two “cloud” offerings — Office 365 and Azure, the company owned its P/E as 17.66. Investors may want to find out where Microsoft will go from here. Observe comprehensive MSFT earnings forecast report here.

Read Full Report:

Citigroup Inc (NYSE:C): The shares of Citigroup (NYSE:C) began the trading session with a price of US$50.08. When day-trade ended, the stock price lost 0.02% to US$50.52. The stock traded 23.10 million shares in the last trading session, lower than its daily average of 27.86 million shares. The company CEO, Mike Corbat, will move faster on selling off the Citi holding, which shown under performance in every quarterly report since 2008. Do you think Citigroup will go on? Do you think now is a good time to buy the stock? Investors could check C earnings forecast report here.

Read Full Report:

Today also observed abnormal trade volume for the following companies; Check out the consensus earnings forecast reports below:

Hewlett-Packard Company (NYSE:HPQ):

Read Full Report:

Intel Corporation (NASDAQ:INTC):

Read Full Report:

Oracle Corporation (NASDAQ:ORCL):

Read Full Report:

About focuses on tracking and monitoring company Earnings Data for top market movers in US stocks market. features a team of experienced data analysts striving to provide the investment community with the tools, software, and data necessary to carry out more effective investment research.

Important Disclaimer:

Please visit: for details.

View in PR Newswire Asia website: News Behind Earning Forecast of Tesla Motors, Microsoft, Citigroup, Hewlett-Packard, Intel, and Oracle

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May 28, 2013 at 9:33 pm

Posted in All releases

DioDict, Mobile Dictionary Application Specialized for Korean Learners, 30% off for Two Weeks

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SEOUL, South Korea, May 28, 2013 /PRNewswire/ — With rising interest in Korean culture amidst growing popularity of K-pop and ‘Hallyu’ (Korean culture wave) entertainers, DIOTEK is offering a special promotion for its English-Korean mobile dictionary application DioDict. For the next two weeks from May 28 to June 11, DioDict is available at just $8.99, marking a 30% discount from the original price of $12.99.

DioDict, Mobile Dictionary Application Specialized for Korean Learners, 30% off for Two Weeks.  (PRNewsFoto/INFRAWARE)
DioDict, Mobile Dictionary Application Specialized for Korean Learners, 30% off for Two Weeks. (PRNewsFoto/INFRAWARE)

Ranking at the top of the paid Korean dictionary category at Google Playstore, DioDict is the most optimized dictionary solution for beginner to advanced Korean language learners. With its creative ‘cradle mode’, the app assists users to learn and memorize words more effectively. It also supports an O/X quiz mode for simple vocabulary tests.

The app also offers users premium English-Korean dictionary user experience with a specialized multi-search function. When a search word is entered, the result displays relevant idioms and example sentences. It also automatically spell checks and shows a list of similar words if there is a typo in the search word. Moreover, DioDict can search a word only with initial consonants of the Korean alphabet. As a result, a quicker and more accurate search can be executed.

Besides English-Korean, DioDict offers users dictionary services in 28 languages, including Japanese-Korean, Chinese-Korean, and Vietnamese-Korean. English-Chinese, English-Russian, English-French and English-German are also available.

DIOTEK is specialized in mobile software and is recognized for its verified technology by supplying dictionary applications to iOS and Android smartphones. English-Korean DioDict is available to download at for Android and for iOS.


DIOTEK (KOSDAQ: 108860), an affiliate company of INFRAWARE (KOSDAQ: 041020), is leading the software market for mobile devices focusing on smartphones and touchscreen phones. DIOTEK provides various products worldwide for both general consumers and corporate customers, which include handwriting recognition, mobile dictionaries, mobile OCR, and speech recognition/synthesis software. Additional information is available at

Jeeyoung Jung
Corporate PR
Phone: +822-535-0478

Josephine Chung
Client Executive
Phone: +822-3782-6452

View in PR Newswire Asia website: DioDict, Mobile Dictionary Application Specialized for Korean Learners, 30% off for Two Weeks

Written by asiafreshnews

May 28, 2013 at 9:33 pm

Posted in All releases

Far East Energy Announces Spudding of 23rd Well of 2013, 2013 Frac Program Commences, And 5 More Wells Reach Total Depth

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HOUSTON, May 28, 2013 /PRNewswire/ — Far East Energy Corporation (OTCBB: FEEC) today announced that 7 new wells have been commenced in the 12 days since the last 2013 drilling program update release issued on Thursday, May 16, bringing to 23 the number of wells spudded in 2013. They are production wells 62-4D, 81-1D, 81-2D, 81-3D, and 165D and appraisal/exploration wells SYSE-09 and SYE-09. Additionally five wells reached total depth (TD) in the past 12 days. These are the 62-2V, 62-1D and 104D production wells, as well as the SYW-13 and SYW-09 appraisal wells. The Company noted that the 62-2V was drilled in only 12 days.

“On the 16th, we had 13 rigs in the field; now we have 18 rigs in the field with 4 more en-route,” said CEO Michael McElwrath. “We have spudded 7 new wells in the past 12 days — a testament to our entire team on the ground and their hard work.”

Meanwhile, the Company’s 2013 frac campaign has commenced, with 16 wells now ready to be fracture stimulated, 13 of which are production wells and 3 of which are appraisal wells.

Bob Hockert, Far East Energy China Country Manager commented, “We are excited the frac program is underway. A little over a week ago, our team had 12 wells ready to frac, and that number has now moved up to 16. By the time these 16 wells are stimulated, another 10 wells will be in the queue for fracing. Our goal is to continue the frac program uninterrupted until late October or November, ultimately comprising approximately 100 wells.”

Hockert continued, “We have beefed up our capabilities in the field, adding 14 field personnel, including 5 drilling supervisors, a completions engineer, and several landmen. Additionally, a GIS mapping specialist and Land Manager have been added in Beijing. The results are reflected in the ability to spud 7 wells in 12 days.”

Far East Energy Corporation

Based in Houston, Texas, with offices in Beijing, and Taiyuan City, China, Far East Energy Corporation is focused on coalbed methane exploration and development in China.

Statements contained in this press release that state the intentions, hopes, estimates, beliefs, anticipations, expectations or predictions of the future of Far East Energy Corporation and its management are 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. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: the preliminary nature of well data, including permeability and gas content; there can be no assurance as to the volume of gas that is ultimately produced or sold from our wells; the fracture stimulation and drilling programs may not be successful in increasing gas volumes; due to limitations under Chinese law, we may have only limited rights to enforce the gas sales agreement between Shanxi Province Guoxin Energy Development Group Limited and China United Coalbed Methane Corporation, to which we are an express beneficiary; additional wells may not be drilled, or if drilled may not be timely; additional pipelines and gathering systems needed to transport our gas may not be constructed, or if constructed may not be timely, or their routes may differ from those anticipated; the pipeline and local distribution/compressed natural gas companies may decline to purchase or take our gas, or we may not be able to enforce our rights under definitive agreements with pipelines; conflicts with coal mining operations or coordination of our exploration and production activities with mining activities could adversely impact or add significant costs to our operations; our lack of operating history; limited and potentially inadequate management of our cash resources; risk and uncertainties associated with exploration, development and production of coalbed methane; our inability to extract or sell all or a substantial portion of our reserves and other resources; we may not satisfy requirements for listing our securities on a securities exchange; expropriation and other risks associated with foreign operations; disruptions in capital markets affecting fundraising; matters affecting the energy industry generally; lack of availability of oil and gas field goods and services; environmental risks; drilling and production risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and subsequent filings with the Securities and Exchange Commission.

View in PR Newswire Asia website: Far East Energy Announces Spudding of 23rd Well of 2013, 2013 Frac Program Commences, And 5 More Wells Reach Total Depth

Written by asiafreshnews

May 28, 2013 at 9:33 pm

Posted in All releases

ChinaEdu Corporation to Announce First Quarter 2013 Financial Results on June 19, 2013

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BEIJING, May 28, 2013 /PRNewswire/ — ChinaEdu Corporation (NASDAQ: CEDU) (“ChinaEdu” or “the Company”), a leading educational services provider in China, today announced that the Company will release its unaudited financial results for the first quarter ended March 31, 2013 after the U.S. markets close on June 19, 2013. ChinaEdu’s management will hold an earnings conference call at 8:00 a.m. U.S. Eastern Time on June 20, 2013 (8:00 p.m. Beijing/Hong Kong Time on June 20, 2013).

Dial-in details for the earnings conference call are as follows:


+65 67239381

Hong Kong:

+852 24750994

United States:

+1 (718) 354-1231

Toll-free China, Mobile:


Toll-free China:


Toll-free United States:

+1 (866) 519-4004

Conference ID:


Conference Password:


A live and archived webcast of the conference call will be available on the investor relations page of ChinaEdu’s website at and a replay of the conference call may be accessed by phone until June 28, 2013.

Dial-in numbers for the replay are as follows:

Toll Free United States

+1 (855) 452-5696


+61 2 8199 0299

Conference ID:


Conference Password:


About ChinaEdu

ChinaEdu Corporation is an educational services provider in China, incorporated as an exempted limited liability company in the Cayman Islands. Established in 1999, the Company’s primary business is to provide comprehensive services to the online degree programs of leading Chinese universities. These services include academic program development, technology services, enrollment marketing, student support services and finance operations. The Company’s other lines of businesses include the operation of private primary and secondary schools, online interactive tutoring services and providing marketing, support for international and elite curriculum programs and online learning community for adult students.

The Company believes it is the largest service provider to online degree programs in China in terms of the number of higher education institutions that are served and the number of student enrollments supported. The Company currently provides technical, recruiting and other services to 27 universities with online degree programs and provides services and support to 11 additional universities that are awaiting regulatory approval to launch their online programs. Of these 38 universities, 13 of them have entered into collaborative alliances with ChinaEdu, ranging from 15 to 50 years in length. Eight of them have entered into technology service agreements, ranging from 3 to 20 years in length. ChinaEdu also performs recruiting services through its nationwide learning center network for 23 universities, including 6 with which the Company has either established collaborative alliances or entered into technology service agreements.

For investor and media inquiries, please contact:

Helen Plummer
Senior Investor Relations Coordinator
ChinaEdu Corporation
Phone: +1 (908) 442-9395

Simon Mei
Chief Financial Officer
ChinaEdu Corporation
Phone: +86 13810568391

View in PR Newswire Asia website: ChinaEdu Corporation to Announce First Quarter 2013 Financial Results on June 19, 2013

Written by asiafreshnews

May 28, 2013 at 9:33 pm

Posted in All releases