Press Releases

BEIJING, Dec. 1, 2009 (GLOBE NEWSWIRE) -- ChinaCast Education Corporation ("ChinaCast" or the "Company") (Nasdaq: CAST) today announced that it has priced a public offering of 5,930,000 shares of its common stock, at $6.85 per share. ChinaCast has granted the underwriters an option to purchase up to an additional 889,500 shares to cover over-allotments, if any. The shares are being sold under the Company's previously filed shelf registration statement that was declared effective by the Securities and Exchange Commission on September 24, 2008, and under the Company's newly filed registration statement that was filed with the Securities and Exchange Commission and became automatically effective on December 1, 2009.

Net proceeds, after underwriting discounts and commissions and before offering expenses payable by the Company, will be approximately $38,589,475 (or approximately $44,377,896 if the overallotment option is exercised in full). The offering is subject to customary closing conditions and is expected to close on Monday, December 7, 2009. The Company intends to use the net proceeds from this offering for working capital, future acquisitions and general corporate purposes. Roth Capital Partners, LLC acted as the sole book runner.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in this offering. The offering may be made only by means of a prospectus, copies of which may be obtained, when available, from Roth Capital Partners, LLC, Attention: Equity Capital Markets, 24 Corporate Plaza Drive, Newport Beach, CA 92660, by telephone at (949) 720-7194, or via email at rothecm@roth.com.

About ChinaCast Education Corporation

Established in 1999, ChinaCast Education Corporation is a leading for-profit, post-secondary education and e-Learning services provider in China. The Company provides post-secondary degree and diploma programs through its two universities in China: The Foreign Trade and Business College of Chongqing Normal University and the Lijiang College of Guangxi Normal University. These universities offer fully accredited, career-oriented bachelor's degree and diploma programs in business, economics, law, IT/computer engineering, hospitality and tourism management, advertising, language studies, art and music. The Company provides its e-Learning services to post-secondary institutions, K-12 schools, government agencies and corporate enterprises via its nationwide satellite/fiber broadband network. These services include interactive distance learning applications, multimedia education content delivery, English language training and vocational training courses. The Company is listed on NASDAQ with the ticker symbol CAST.

Safe Harbor Statement

This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements express our current expectations or forecasts of possible future results or events, including projections of future performance, statements of management's plans and objectives, future contracts, and forecasts of trends and other matters. These projections, expectations and trends are dependent on certain risks and uncertainties including such factors, among others, as growth in demand for education services, smooth and timely implementation of new training centers and other risk factors listed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2008. Forward-looking statements speak only as of the date of this filing, and we undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. You can identify these statements by the fact that they do not relate strictly to historic or current facts and often use words such as "anticipate," "estimate," "expect," "believe," "will likely result," "outlook," "project" and other words and expressions of similar meaning. No assurance can be given that the results in any forward-looking statements will be achieved and actual results could be affected by one or more factors, which could cause them to differ materially. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act.

CONTACT:  HC International
          Ted Haberfield, Executive Vice President
          +1-760-755-2716
          thaberfield@hcinternational.net

SAN FRANCISCO, Dec. 1 /PRNewswire-FirstCall/ -- AMB Property Corporation (R) (NYSE: AMB) announced today that, as of 5:00 p.m., New York City time, on Tuesday, December 1, 2009 (the "Early Tender Date"), a total of approximately $168.9 million in aggregate principal amount of AMB Property, L.P.'s outstanding 6.30% Notes due 2013, 5.90% Notes due 2013, 7.00% Notes due 2011 and 6.75% Notes due 2011 (collectively, the "Notes"), have been tendered pursuant to AMB Property, L.P.'s tender offer (the "Offer") for up to $250,000,000 aggregate principal amount (the "Maximum Tender Cap") of the Notes. Approximately $88.0 million in aggregate principal amount of AMB Property, L.P.'s outstanding 6.30% Notes due 2013 and $74.9 million in aggregate principal amount of AMB Property, L.P.'s outstanding 5.90% Notes due 2013 have been tendered, for an aggregate principal amount of approximately $162.9 million of the notes maturing in 2013. Approximately $6.0 million in aggregate principal amount of AMB Property, L.P.'s outstanding 7.00% Notes due 2011 have been tendered. The tender offer will expire at midnight, New York City time, on Tuesday, December 15, 2009, unless extended or earlier terminated by AMB Property, L.P. (the "Expiration Date"). The terms and conditions of the tender offer are set forth in an Offer to Purchase dated November 17, 2009 (the "Offer to Purchase") and related Letter of Transmittal, which together constitute the tender offer.

AMB Property Corporation also announced that AMB Property, L.P. has amended the terms of the Offer in the manner described in this release. Except as otherwise provided in this release, the terms and conditions of the Offer are set forth in the Offer to Purchase and the related Letter of Transmittal and remain unchanged.

The Offer originally contemplated that the purchase price to be paid for Notes that were validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on the Early Tender Date, unless extended or earlier terminated, and the purchase price for Notes after such time but prior to the Expiration Date would be payable in cash as set forth in the table below. The Total Consideration includes the early tender payment of $30 per $1,000 principal amount of Notes (the "Early Tender Payment"). Holders validly tendering their Notes after the Early Tender Date and prior to the Expiration Date would have been only eligible to receive the Tender Offer Consideration set forth in the table below, which is equal to the Total Consideration minus the Early Tender Payment. As amended, AMB Property, L.P. will pay the applicable Total Consideration for any Notes purchased in the Offer, regardless of whether they were tendered prior to or after the Early Tender Date. Accrued and unpaid interest up to, but not including, the date of payment for the Notes will be paid in cash on all validly tendered and accepted Notes. The date of payment for the Notes is expected to be the next business day following the Expiration Date.

Withdrawal rights with respect to the tendered Notes have expired. Accordingly, holders may not withdraw any Notes previously or hereafter tendered, except as contemplated in the Offer to Purchase.

                 Aggregate                Tender
                 Principal    Acceptance  Offer      Early      Total
CUSIP  Title of  Amount       Priority    Consid-    Tender     Consid-
Number Security  Outstanding  Level       eration(1) Payment(1) eration(1)
------ --------  -----------  ----------  ---------- ---------- ----------
       6.30%
       Series C
       Medium-
       Term
       Notes
00163X due
 AN0   2013      $290,335,000     1        $1,020.00    $30     $1,050.00
------ -------   ------------    ---       ---------    ---     ---------
       5.90%
       Series C
       Medium-
       Term
       Notes
00163X due
 AM2   2013      $166,480,000     1        $1,008.75    $30     $1,038.75
------ -------   ------------    ---       ---------    ---     ---------
       7.00%
       Medium-
       Term
       Notes
00163X due
 AE0   2011       $50,000,000     2        $1,032.50    $30     $1,062.50
------ -------    -----------    ---       ---------    ---     ---------
       6.75%
       Medium-
       Term
       Notes
00163X due
 AF7   2011       $25,000,000     2        $1,035.00    $30     $1,065.00
------ -------    -----------    ---       ---------    ---     ---------
(1) Per $1,000 principal amount of Notes accepted for purchase

This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell with respect to any securities. The tender offer is only being made pursuant to the terms of the Offer to Purchase and the related Letter of Transmittal. The tender offer is not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of AMB Property Corporation, AMB Property, L.P., the dealer managers, the depositary, the information agent or their respective affiliates is making any recommendation as to whether or not holders should tender all or any portion of their Notes in the tender offer.

AMB Property, L.P. has engaged J.P. Morgan Securities Inc., BofA Merrill Lynch and Morgan Stanley & Co. Incorporated to act as dealer managers for the tender offer and Global Bondholder Services Corporation to act as information agent and depositary for the tender offer. Requests for documents may be directed to Global Bondholder Services Corporation at 866.540.1500 (U.S. toll free) or at 212.430.3774 (collect), or in writing to 65 Broadway, Suite 723, New York, NY 10006, Attention: Corporate Actions. Questions regarding the tender offer may be directed to J.P. Morgan Securities Inc. at 212.834.3424 or 866.834.4666 (U.S. toll free); BofA Merrill Lynch at 888.292.0070 (U.S. toll free) or at 980.388.4603 (collect); or Morgan Stanley & Co. Incorporated at 866.718.1649 (toll free).

AMB Property Corporation.® Local partner to global trade.(TM)

AMB Property Corporation® is a leading owner, operator and developer of global industrial real estate, focused on major hub and gateway distribution markets in the Americas, Europe and Asia. As of September 30, 2009, AMB owned, or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 156.1 million square feet (14.5 million square meters) in 47 markets within 14 countries. AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The company's portfolio comprises High Throughput Distribution® facilities-industrial properties built for speed and located near airports, seaports and ground transportation systems.

AMB's press releases are available on the company website at www.amb.com or by contacting the Investor Relations department at +1 415 394 9000.

Some of the information included in this press release contains forward-looking statements, such as statements related to the cash tender offer for the Notes. Because these forward-looking statements involve numerous risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future events. The events or circumstances reflected in the forward-looking statements might not occur. You can identify forward-looking statements by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "forecasting, " "pro forma," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and we may not be able to realize them. We caution you not to place undue reliance on forward-looking statements, which reflect our analysis only and speak as of the date of this press release or as of the dates indicated in the statements. All of our forward-looking statements are qualified in their entirety by this statement. We assume no obligation to update or supplement forward-looking statements. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements contained in this press release: any material adverse change in the financial or securities markets within or outside the United States or in political, financial or economic conditions within or outside the United States or any material outbreak or material escalation of hostilities within or outside the United States or declaration by the United States of a national emergency or war or other material calamity or crisis within or outside the United States, including, without limitation, an act of terrorism, any suspension or limitation of trading in securities generally or in any of the securities of AMB by the SEC, by any exchange that lists such securities or in any over-the-counter market, any declaration by any governmental authority of a general banking moratorium, any financial market fluctuations, actual or perceived changes in general economic conditions, global trade or in the real estate sector, inflation risks, an actual or perceived downturn in the U.S., California or global economy, any amendment, extension or termination of the tender offer, and certain other matters discussed under the heading "Risk Factors" and elsewhere in our annual report on Form 10-K for the year ended December 31, 2008 and our quarterly reports on Form 10-Q for the quarters ended March 31, 2009, June 30, 2009 and September 30, 2009.

SOURCE AMB Property Corporation

FLINT, UNITED KINGDOM -- (MARKET WIRE) -- 12/01/09 -- Leading motor trade insurance providers Staveley Head are advising motorists to think twice before buying part worn tyres. Many people are turning to these as a way of saving money, however the Flintshire-based firm are advising that in most cases, this is false economy and drivers could in fact be putting themselves at risk, particularly as winter conditions continue to make for hazardous driving conditions.

Part-worn tyres have been previously used on another car and are mostly imported from Continental Europe, where stringent driving laws require motorists to change their tyres at every MOT, regardless of their tread or condition. This has led to a surplus, which means that many motorists in the U.K, where tyres simply have to have a minimum tread of 2mm in order to be roadworthy, can purchase these tyres and make significant cost savings when compared to new tyres.

Part-worn tyres usually have around 50 per cent or less of their original tread remaining, yet will still usually be good for several thousand miles of motoring. Despite this, there is an element of risk in their purchase and although they will usually have been thoroughly examined by the seller prior to being sold, they could have been subject irreparable and invisible damage to their structure. Unconfirmed estimates say around 30% of part-worn tyres could be damaged and some of these have internal casing damage which could lead to a sudden blow out.

Despite these risks, reports suggest that more and more people are prepared to take the risk for the apparent cost-savings which they offer. According to Staveley Head, however, this could be false economy. A spokesperson commented:

"In the current economic climate, it is understandable that people will want to make savings on the rising cost of motoring. However, buying part-worn tyres could be false economy and could put you and your vehicle at risk."

Continued:

"We would advise motorists to think very carefully before buying part-worn tyres. If you are looking to cut down on the cost of motoring, there are plenty of other things that you can do. These include driving more slowly and regularly checking tyre pressure, both of which can help you to improve fuel consumption and hence save money."

Based in Flintshire, North Wales, Staveley Head are one of the U.K's fastest growing motor trade insurance brokers. With over 15 years experience, they have earned a reputation for providing quality, low-cost insurance for all types of vehicle. Cover is provided from a panel of leading insurers, including Zurich, Allianz and Royal and Sun Alliance, meaning that the firm can offer the most appropriate cover at the most affordable prices.

To find out more about Staveley Head, visit: http://www.staveleyhead.co.uk

Contacts:
Staveley Head
Ashley Peters
0800 023 7213
quotes@staveleyhead.co.uk

LOS ANGELES, Dec. 1 /PRNewswire/ -- A decision issued today by a regional director of the National Labor Relations Board (NLRB) has put at risk the guaranteed raises, healthcare coverage, and pensions of Kaiser Permanente RNs, social workers, and professionals in Southern California.

"We have worked for years to achieve standards at Kaiser that give us security and allow us to provide the professional care our patients need," said Jeanette Cryer, Licensed Clinical Social Worker at Kaiser Corona/Riverside Psychiatry. "This decision puts all of that at risk and holds out the real threat that we will lose what we've fought so hard to achieve."

The decision by James F. Small of Region 21 of the NLRB to call for a union election among those professional employees could nullify the currently negotiated contracts covering the workers. Those agreements provide for a 2% raise in April, and profit-sharing that many of these workers are scheduled to receive in early 2010 and again in 2011.

Nullification of the agreements would put these guaranteed benefits at risk. It also opens the workers up to cuts in healthcare coverage and pensions that Kaiser has already imposed on managers and non-union employees. In all, each individual worker could lose as much as $15,000 in guaranteed income and benefits over the next two years.

The NLRB decision, which runs counter to a decision by the NLRB in northern California, calls for an election between the workers' current representative, the Service Employees International Union, United Healthcare Workers West, and an organization run by the union's former leaders, who have formed an organization called the National Union of Healthcare Workers. The former SEIU-UHW officials were ousted in January for transferring $3 million in members' dues to a bogus non-profit organization for their own use, stashing another $500,000 in a lawyer's bank account, and undermining the democratic rights of SEIU-UHW members.

SEIU-UHW will seek review of this decision by the NLRB in Washington.

SEIU United Healthcare Workers-West (SEIU-UHW) is the largest hospital and healthcare union in the western United States with more than 150,000 members. We unite every type of healthcare worker with a mission to achieve high-quality healthcare for all. SEIU-UHW is part of the 2.1 million-member Service Employees International Union (SEIU), the nation's fastest-growing union. Learn more at www.seiu-uhw.org.

Contact: Steve Trossman
213-300-1882

SOURCE SEIU-UHW

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 12/01/09 -- Inca Pacific Resources Inc. ("Inca Pacific" or "Company") (TSX VENTURE: IPR) reports that Activos Mineros S.A.C ("Activos Mineros"), the Peruvian agency responsible for administering the Magistral Contract ("Contract") between the Company's subsidiary Minera Ancash Cobre S.A. ("Minera Ancash") and the Government of Peru, has notified Minera Ancash that the Contract has been cancelled. The Contract governs the Company's rights to the core mining claims which cover the majority of the Magistral deposit. The notification was delivered on December 1, 2009 and indicated that the Contract was cancelled as a result of Minera Ancash not posting the second year's letter of credit of approximately US$24 million.

The Company does not agree with the position that Activos Mineros has taken as to the cancellation of the Contract, as well as to the seizing of the US$3 million letter of credit as reported in the Company's release on November 4, 2009. The Company will continue to work with Activos Mineros to resolve this situation while at the same time considering all options to protect the interests of Inca Pacific and its shareholders.

INCA PACIFIC RESOURCES INC.

Michael Winn, Chief Executive Officer

Standard & Poor's Listed

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts:
Inca Pacific Resources Inc.
Bill Galine
Investor Relations
604-662-3922
bgaline@incapacific.com
www.incapacific.com