NANI News .14 Neologic Animation Inc. Set to Captu
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NANI News .14 Neologic Animation Inc. Set to Capture Market Share of China's Booming 7.4 Billion Dollar Online Gaming Industry
2012-06-25 08:00 ET - News Release
HANGZHOU, China, June 25, 2012 /PRNewswire/ - Neologic Animation Inc. (OTCBB:NANI),- (The Company) an educational software Company in the People's Republic of China, announced today plans to secure its market share of China's burgeoning $7.4 billion dollar online gaming industry with its after school training website for primary students, "Naniya World".
The site provides potentially over 100 million primary school students in China the opportunity to cultivate independent learning and creative thinking by using EduCards on the Company's website, "Naniya World". This is a tool to educate children through online games.
Company President and CEO, Dr. Hongxiao Zhang outlined how the Company is "creating the software that emphasizes early childhood development, with a focus on forming good study habits and time management skills." She went on to explain how "the website encourages children to think freely and independently, in stark contrast to China's traditional primary school education, which promotes groupthink and discourages independent thought."
A report released by China's Ministry of Culture indicate the market scale will reach $7.4 billion by the end of 2011; a 34.4 percent increase year-on-year. Predictions of a healthy CAGR of 20.9% over the next five years may result in industry revenues reaching $9.2 billion by 2014.
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