08:57     EVI EDUCATION<08090> - Quarterly Results Announcement               

                                                                              
    EVI Education Asia Limited announced on 01/02/2005:                       
    (stock code: 08090 )                                                      
    Year end date: 30/09/2005                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
    Interim report reviewed by: Audit Committee                               
                                                                              
                                                                              
    Important Note:                                                           
                                                                              
    This result announcement form only contain extracted information          
    from and should be read in conjunction with the detailed results          
    announcement of the issuer, which can be view on the GEM website          
    at http://www.hkgem.com                                                   
                                                                              
                                                            (Unaudited )      
                                         (Unaudited )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/10/2004    from 01/10/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 4,705              5,122             
    Profit/(Loss) from Operations      : (507)              (894)             
    Finance cost                       : 61                 34                
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : (446)              (860)             
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.0001)           (0.0002)          
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (446)              (860)             
    1st Quarter Dividend               : N/A                N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      1st Quarter Dividend             : N/A                                  
    Payable Date                       : N/A                                  
    B/C Dates for (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
                                                                              
            For and on behalf of                                              
            EVI Education Asia Limited                                        
                                                                              
    Name :  Cheung Hon Fai, Maurice                                           
    Title : Company Secretary                                                 
                                                                              
    Responsibility statement                                                  
                                                                              
    The directors of the Company (the "Directors") as at the date hereof      
    hereby collectively and individually accept full responsibility for       
    the accuracy of the information contained in this results announcement    
    form (the "Information") and confirm, having made all reasonable          
    inquiries, that to the best of their knowledge and belief the             
    Information are accurate and complete in all material respects and        
    not misleading and that there are no other matters the omission of        
    which would make the Information herein inaccurate or misleading. The     
    Directors acknowledge that the Stock Exchange has no responsibility       
    whatsoever with regard to the Information and undertake to indemnify      
    the Exchange against all liability incurred and all losses suffered       
    by the Exchange in connection with or relating to the Information.        
                                                                              
    Remarks:                                                                  
                                                                              
    (1)Basis of preparation                                                   
                                                                              
    The accounts have been prepared in accordance with accounting standards   
    issued by the Hong Kong Institute of Certified Public Accountants ("      
    HKICPA"),                                                                 
    accounting principles generally accepted in Hong Kong, the disclosure     
    requirements of the Hong Kong Companies Ordinance and the Rules           
    Governing the Listing of Securities on the GEM of the Stock Exchange      
    ("the GEM Listing Rules").  They have been prepared under the             
    historical cost convention.                                               
                                                                              
    (2) Loss per Share                                                        
                                                                              
    The calculation of basic loss per share for the period                    
    ended 31st December 2004 is based on the unaudited consolidated loss      
    attributable to shareholders of approximately HK$446,000 and on           
    4,000,000,000 shares (2003: 4,000,000,000 shares)                         
    in issue throughout the period.