CIBT Commences Private Placement with Harris Nesbitt
CIBT School of Business & Technology Corp. (“CIBT”) has begun the process of its planned private equity placement process to raise gross proceeds of US$10 million with New York-based investment banking firm, Harris Nesbitt.
Harris Nesbitt will assist CIBT to identify potential private equity investors from the United States and abroad. The proceeds from this CIBT financing will be used for expansion of CIBT’s businesses. Harris Nesbitt is conducting this private placement financing on a best efforts basis.
About Harris Nesbitt
Harris Nesbitt, the investment and corporate banking practice of BMO Financial Group, is an integrated full-service investment bank, capitalizing on industry specialties and distinctive capabilities. Harris Nesbitt offers a complete range of services including capital raising, M&A, treasury and market risk management, debt and equity research, institutional sales and trading, and securitization.
About CIBT
CIBT School of Business is a leading business, technology and technical school in China for over a decade. CIBT operates three campuses in Beijing, two campuses in Weifang, one campus in Anyang, and three learning centers in other cities in China. CIBT has academic partnerships with Beijing University of Technology and Weifang University, and delivers postsecondary business, technology and technical trade skill programs to students and corporations in China. By cooperating with leading education providers in North America including Western International University, a subsidiary of Apollo Group Inc., ITT Technical Institute, WyoTech Technical Institute, a subsidiary of Corinthian Colleges Inc., and other universities from Europe and Asia, CIBT delivers advanced curricula to meet the progressive needs of China’s growing student population.
CIBT School of Business and Technology Corp.
Toby Chu
President & C.E.O.
Investor Relations Contact: Mr. James Neil * N. America Toll Free: 1-888-865-0901 Ext.322 * Email: info@cag-global.com
WARNING: This news release contains forward-looking information. The reader is cautioned that assumptions used in preparing such information, although considered accurate at the time of preparation, may prove incorrect. The actual results achieved may vary materially from the information provided herein. Consequently, there is no representation by the company that actual results achieved will be the same as those forecast.
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