China Finance Centre Increases SAQ Rating of New Oriental Education (EDU) and UTSTARCOM INC (USTI)

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 1, 2007 -- CHINA FINANCE CENTRE, the New York based multimedia and trade exposition center expanding business ties between China and the United States, has announced that it has increased its SAQ Ratings of New Oriental Education (NYSE : EDU) and UTSTARCOM INC (NasdaqGS:UTSI) . The SAQ Ratings are set by editors of China Business Watch, the CFC publication that rates the performance of China based companies.

New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. The company’s market value has gone up almost four times since going public at $15 a share. Given the company’s business and industry position, a number of analysts see it as a stock can be acquired slowly as a long term position. CFC increased EDU’s SAQ Rating several times during July. EDU currently has a 6.0 SAQ Rating.

UTStarcom is a provider of IP-based, end-to-end networking solutions and international service and support. The company sells its broadband, wireless, and handset solutions to operators in both emerging and established telecommunications markets around the world. UTSI yesterday announced that it successfully completed a security audit of its IPTV DRM System. UTStarcom’s DRM technology is included in its IPTV product portfolio and is deployed in its end-to-end IPTV system. CFC has increased USTI’s SAQ Rating to 6.3.

The Statistical Analysis Quotient Rating (SAQ) Service is an exclusive feature of China Finance Centre that monitors the performance of over 300 stocks of companies with operations in China. The SAQ Report tracks and rates the stocks against a matrix of comparative performance factors, including fundamentals, technical analysis, liquidity, safety, regulatory compliance and timely filings, shareholder relations, and U.S. Trading Market Qualifications. The SAQ rates company performance on a 1-10 scale. SAQ Ratings are published weekly in China Business Watch and updated daily in CBW Daily Ratings Alert service. The ratings and publications can be found at the CFC Web Portal- www.chinafc.net.

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