HANGZHOU, China, May 9, 2013 /PRNewswire/ - Neologic Animation Inc. (OTCQB: NANI) (OTCBB: NANI),- (The Company), an educational software company in the People's Republic of China, is looking at introducing its Chinese learning modules worldwide.
The Company believes that its innovative approach and methods could serve primary school students outside of China as well, and so it is the Company's plans to also promote its eLearning modules worldwide.
Validating this view of global expansion by the Company, is a report which was released by Global Industry Analysts, Inc., who are predicting in a comprehensive global report on eLearning, that the "eLearning market is projected to reach $107.3 billion by the year 2015, driven by its benefits in the form of reduction in operational costs, flexibility in learning activities, and simplified training programs."
The Company is also seeing opportunities in growing domestically in China for eLearning programs and platforms. The report by Global Industry Analysts, Inc., validates the Company's growth potential domestically as it states, that "Asia-Pacific represents the fastest growing market for eLearning, with revenues projected to grow at a compounded annual rate of more than 20% over the analysis period."
"The Global market and the growth that eLearning is experiencing is quite encouraging and bodes well for our Company and our growth strategy to grow domestically while being able to take advantage of the global markets through our cost effective online platform is validation of our business model," states, Dr. Zhang, CEO of the Company.
About Neologic Animation Inc. (the "Company")
The Company is an educational software development and marketing company; currently developing a website to be marketed as "Naniya World" for primary school students in China. The website's goal is to educate children how to develop and hone their creative skills through interactive educational games that incorporate Adobe Flash. The games incorporate a curriculum that has been developed by some of China's top professors and child psychology experts. It sets itself apart from other after school programs in China because it deviates from the traditional methods of Chinese education. The Company's mission is to inspire every child in China to become the best student they can possibly be by showing them that learning is fun.
For more information about the Company please visit our website at www.neologicanimation.com
Further information on the Company and its filings can be found at www.sec.gov
For further information, please contact:
Investor relations: Morningstar Corporate Communications
USA toll free 1(888) 603-3330 or NY local 1(646) 224-6902 NANI@mscorpcommunications.com
Forward Looking Statements
Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement. The words "plan", "forecast", "anticipates", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Neologic Animation Inc., herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Neologic Animation Inc., disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
SOURCE Neologic Animation Inc.