China Education Alliance (PINK:CEU)

HARBIN, China, Dec. 8, 2010 /PRNewswire-Asia-FirstCall/ -- China Education Alliance, Inc. (today announced that its board of directors authorized a stock repurchase program. The program authorizes a buyback of the Company's common stock up to a value of $10 million and is valid through December 1, 2011. The program will be initialized by having the company funds utilized to open a brokerage account in the United States.

Mr. Xiqun Yu, Chairman and Chief Executive Officer of China Education Alliance, Inc. stated, "After careful consideration from our shareholders and advisors, the Company is pleased to announce the authorization to repurchase the Company's common stock. Today there is no other investment China Education Alliance can make with a higher return then making it in ourselves. We are fully committed to receiving feedback and taking recommendations from our investors, evaluating all our options and acting in the best interest of all shareholders."