updated 2/7/2011 7:45:54 AM ET 2011-02-07T12:45:54

ORLANDO, Fla., Feb. 7, 2011 (GLOBE NEWSWIRE) -- RedChip Research™, a division of RedChip Companies, Inc., today announced it has initiated research coverage on China Bilingual Technology & Education Group, Inc. (OTCBB:CBLY), an education company that owns and operates high-quality, K-12 private boarding schools in the People's Republic of China.

To receive a complimentary copy of the RedChip Research Report for CBLY, please visit: http://www.redchip.com/about/aboutmain.asp?rid=341

To learn more about China Bilingual Technology & Education Group, Inc., visit http://www.redchip.com/visibility/investor.asp?symbol=CBLY

About RedChip Companies, Inc.

RedChip Companies is an international, small-cap research and financial public relations firm headquartered in Orlando, Florida with affiliate offices in Beijing, China; Paris, France; and Seoul, Korea. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV™, Shareholder Intelligence, Social Media and Blogging Services, Webcasts, and RedChip Radio™. To learn more about RedChip's products and services, please visit: http://www.redchip.com/visibility/productsandservices.asp .

"Discovering Tomorrow's Blue Chips Today"™

The RedChip Companies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2761

Disclosure

None of the reports issued by RedChip Companies, Inc. constitutes a recommendation for any investor to purchase or sell any particular security nor do they constitute investment advice. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Information contained in the research reports is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. China Bilingual Technology & Education Group Inc. ("CBLY") is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. CBLY paid RedChip Visibility, a division of RedChip Companies, Inc., thirty thousand dollars for twelve months of RedChip Visibility Program services, which included the preparation of the equity research report(s). The equity research report(s) were prepared for informational purposes only and were paid for by the company portrayed in the report. Information contained in the equity research report(s) is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. The equity research report(s) are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. RedChip Companies, Inc., is currently engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. CBLY agreed to pay RedChip Companies, Inc. a fee of twenty thousand dollars in cash per month for the first six months of these investor relations services, and thereafter, ten thousand dollars in cash per month for the next six months of these investor relations services. In addition, the Company has agreed to pay RedChip Companies, Inc. two hundred thousand shares of Rule 144 stock when the company becomes listed on the NASDAQ Capital Market, and an additional fifty thousand shares of Rule 144 stock when CBLY's stock price reaches five dollars for 45 days. RedChip Companies Inc. purchased eight hundred four thousand five hundred thirty six shares of free-trading stock when the shell was purchased. These shares may be sold during the time it represents the company for investor relations activities. The company mentioned in this profile, research report, advertisement or publication is a company that has transferred free-trading stock to RedChip Companies, Inc., because of its ownership in the shell company the client purchased from RedChip Companies, Inc. RedChip Companies, Inc. is careful to sell methodically without disrupting markedly the share price at the time of selling, but cannot make guarantees that it will not disrupt the share price. RedChip may sell anywhere from five thousand shares to two hundred thousand shares during any two-month period of its investor relations activities, depending upon the liquidity of the stock. Rarely does RedChip receive more than five hundred thousand shares of free-trading stock for its "Going Public" consulting services, which include the selling of the shell company to the client company. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein.

CONTACT: RedChip Companies Inc.
         1-800-REDCHIP (733-2447)
         research@redchip.com
         http://www.redchip.com

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