First China then the world - Neologic Animation Inc. to establish plans for expansion into markets outside China; Worldwide eLearning market to reach $49.9 billion by 2015 - FOX19.com-Cincinnati News, Weather & Sports
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SOURCE Neologic Animation Inc.
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
"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."
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.
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.