EPE Europasia

RNS Number:6412Y
Europasia Education PLC
20 February 2006


20 February 2006

EUROPASIA EDUCATION

China Education Group Interim Results
Potential New Investment


China Education Group ("CEG"), the Ofex listed Chinese education facilities
manager in which EPE has a 13.8% stake, plus Convertible Loan Notes, last Friday
announced a near 50% increase in profits for the six months ended 31 December
2005, to #1.7 million. The market reacted well to the news, with the shares up
over 15% since the announcement.

CEG manages Shandong International Institute of Translation ("SIIT"), a private
college based in Shandong Province, China.  SIIT increased student numbers by
3,000 to 11,000, and continues to expand its facilities to enable it ultimately
to accommodate up to 17,000 students.

CEG listed both its ordinary shares and 7% Convertible Loan Notes on Ofex in
December 2005 (code CEG).

James Holmes, EPE Chairman, said: "CEG continues to perform strongly, and we
believe it has significant potential to continue to grow profits as it expands
its facilities and takes advantage of its Ofex listing to develop additional
international partnerships, and make acquisitions and new investments. The total
value of the CEG ordinary shares and Converitable Loan Notes held by EPE at the
current market price is # 3.3 millions."

"Following the recent successful fund raising, EPE is currently performing due
diligence on a similar type of business to CEG in China, in which we are
proposing to take a stake, details of which we hope to announce in the near
future."


For further information, contact:

Paul Quade                                        James Holmes
City Road Communications                          Europasia Education plc
Tel 020 7248 8010                                 Tel 020 7248 7578


About China Education Group

CEG is an Ofex listed facilities management company which manages Shandong
International Institute of Translation ("SIIT"), a profitable private college
based in Shandong Province, China.  SIIT currently has 11,000 students, based in
two campuses.  For additional information, visit the Company's web site at
www.chinaeducationgroup.com


About Europasia Education plc

EPE is an AIM listed education investment group, focused on opportunities in
Europe and Asia.  It has three core investments:

o    13.8% of China Education Group, plus # 387,755 of Convertible Loan Notes;

o    100% of Education 2000, an English language and work experience
     placement business based in Bournemouth, UK;
     
o    100% of Columbia International, trading under the name Management 
     International, an education consulting and work placement business based in
     London.

For additional information, visit www.europasiaeducation.com




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