Kid Castle Educational Corporation Presents Third Quarter Results TAIPEI, Taiwan, Dec. 16 /Xinhua-PRNewswire-FirstCall/ -- Kid Castle Educational Corporation, (OTCBB Symbol: KDCE). For its first three quarters ending September 30th, 2004, operating income was 7,865,876 USD, up 11.4% from the same period of last year. Kid Castle continues to aggressively invest in its China expansion with increase in personnel, market research and development, and employee training. Kid Castle's strategy is to increase its Franchise Schools to establish its brand name in the market. Currently, there are over three thousand schools that are using Kid Castle English learning materials all over China and Taiwan. Along with its expansion in China, the Company has also increased its research and development in Taiwan. Kid Castle, in cooperation with outside source, has developed the innovative 'Digital Learning and Administration System' that has awarded an honor of achievement from the Industrial Development Bureau of the Ministry of Economic Affairs. Even with its heavy investments into China as well as effort spent in its research and development, Kid Castle has narrowed its loss by 39.5% to 785,171 USD from 1,296,886 USD over the same period last year. As KDCE's current market capital is inadequate to meet AMEX's listing requirements, the company will hence focus its effort in securing working capital. However, the company's ambition to be listed on AMEX still remains unchanged. This press release contains forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performances and underlying assumption and other statements, which are other than statements of historical facts. Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results, or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result, or be achieved, or accomplished. Contact: Yu-En Chiu CFO of Kid Castle Educational Corporation Tel: +886-2-2218-5996 DATASOURCE: Kid Castle Educational Corporation CONTACT: Yu-En Chiu of Kid Castle, +886-2-2218-5996

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