HANGZHOU, China, Feb. 28, 2013 /PRNewswire/ - Neologic Animation Inc. (OTCBB:NANI),- (The Company), an educational software company in the People's Republic of China, announced today that it is working to establish plans that would see the Company seek growth in other parts of the world, namely other Asian countries and possibly other markets.
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 in North America and Europe.
"The opportunity presented by this potential growth and trend of eLearning is very encouraging and a great motivating factor for the Company," states, Dr. Zhang, CEO of the Company.
According to a new report by Ambient Insight, the worldwide market for Self-paced eLearning products and services reached $32.1 billion in 2010. The five-year compound annual growth rate (CAGR) is 9.2% and revenues are expected to grow to $49.9 billion by 2015.
The report is called "The Worldwide Market for Self-paced eLearning Products and Services: 2010-2015 Forecast and Analysis," and it analyzes expenditures by seven regions: North America, Latin America, Western Europe, Eastern Europe, Asia, Middle East, and Africa.
"North America will be the top buying region throughout the forecast period," comments Sam S. Adkins, Chief Research Officer. "In the 2010 market, Western Europe accounted for the second highest expenditures. By 2015, Asia will account for the second highest expenditures after North America. Eastern Europe, the Middle East, and Africa represent significant long-term revenue opportunities for suppliers and we have revised forecasts upward for those regions."
The free Executive Overview is available at: http://www.ambientinsight.com/Reports/eLearning.aspx
A consistent pattern across the globe is the growing demand for Self-paced eLearning in government agencies.
"The global market is transitioning from a corporate story to an academic narrative. Expenditures were once highly concentrated in the corporate segment," reports CEO Tyson Greer. "This is no longer the case. The most significant revenue opportunity for suppliers across the planet is the demand for academic content across the educational spectrum from preschool to higher education to vocational training."
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
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Investor relations: Morningstar Corporate Communications
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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.