China Education Alliance, Inc. ( NYSE:CEU ) recently signed management and loan
agreement with the Nanchang Institute of Technology or NIT. NIT is a private
universityand has 30 thousand on-campus students with 2,000 person faculty in
Nanchang, the capital of Jiangxi province, China. As per the terms of the
agreement, the China Education Alliance will disburse RMB 50 million to
establish a state-of-the-art training center in NIT. It will also manage the
daily operations of NIT, focusing on vocational training and market-oriented
education, for the next ten years. Both the institutes jointly established
Nanchang Institute of Technology College of Vocational Training and
Certification related to the agreement. China Education Alliance is expected to
provide 333,000 students with employment-oriented vocational training in NIT and
Jiangxi province using its resources and experience. The company plans to target
5,000 students in the first year, 15,000 students in the second year, and 30,000
students in the third year. China Education Alliance stock is currently trading
at $1.70. The stock is up 8.75% from its previous close. China Education
Alliance stock touched the high of $1.75 and lowest price in today's session
is $1.60. The company stock has traded in the range of $1.43 and $5.80 during
the past 52 weeks. The company's market cap is $53.15million. Pluristem
Therapeutics Inc.( NASDAQ:PSTI ) completed its public offering of 11 million
units, with combination of one unit of share and warrant to purchase 0.4 of a
share of common stock, at a purchase price of $3.25 per unit.The offering was
over-allotted with the underwriters' purchasing an additional 1.65 million
shares of the companys common stock and additional warrants to purchase up to
660,000 shares of the companys common stock.The net proceeds are expected to be
about $38 million, assuming no exercise of the warrants and after deducting
underwriting commissions and discounts and estimated offering expenses payable
by the company. Pluristem Therapeutics stock is currently trading at $2.56. The
stock is up 3.20% from its previous close. Pluristem Therapeutics stock touched
the high of $2.62 and lowest price in today's session is $2.55. The company
stock has traded in the range of $0.94 and $4.38 during the past 52 weeks. The
company's market cap is $105.38 million. The Wet Seal, Inc. ( NASDAQ:WTSLA )
reported a dip in its fourth-quarter profit as compared to comparable period
previous year. The company reported net income for the quarter of $5.3 million
or $0.05 per share as compared to $74.2 million or $0.73 per share in the
previous year quarter. The non-GAAP net income improved to $6.7 million or $0.07
per share from $6.1 million or $0.06 per share in the comparable quarter last
year. The net sales increased to $165.49 million from $150.99 million in the
prior year quarter. The comparable store sales increased 1.9%. The company
expects earnings in the range of $0.05 per share $0.07 per share and net sales
between $151 million and $155 million for the first quarter of 2011. The Wet
Seal stock is currently trading at $4.03. The stock is up 0.50% from its
previous close. The Wet Seal stock touched the high of $4.13 and lowest price in
today's session is $4.01. The company stock has traded in the range of $2.77
and $5.25 during the past 52 weeks. The company's market cap is $403.44
million. I have 7,500 shares of CEU at $1.67
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