updated 4/21/2011 10:45:21 PM ET 2011-04-22T02:45:21

NEW YORK, April 21, 2011 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. today announced an update in the securities class action filed on behalf of purchasers of China Education Alliance, Inc. ("China Education Alliance" or the "Company") (NYSE:CEU) stock during the period from March 31, 2009 to November 29, 2010 (the "Class Period").

Following the filing of the lawsuit in December 2010, the Court consolidated the related class action lawsuits, appointed Lead Plaintiffs and approved the Rosen Law Firm, P.A. as Lead Counsel.

As part of Lead Counsel's continuing investigation, the Rosen Law Firm encourages investors who purchased China Education securities directly from Rodman & Renshaw, LLC in connection with China Education's October 2009 public offering to contact the firm to discuss their legal rights and remedies available to them. You may call Laurence Rosen, Esq. or Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email lrosen@rosenlegal.com or pkim@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT: Laurence Rosen, Esq.
         Phillip Kim, Esq.
         The Rosen Law Firm P.A.
         275 Madison Avenue, 34th Floor
         New York, New York 10016
         Tel:  (212) 686-1060
         Weekends Tel: (917) 797-4425
         Toll Free: 1-866-767-3653
         Fax: (212) 202-3827
         lrosen@rosenlegal.com
         pkim@rosenlegal.com
         www.rosenlegal.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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