CIBT Ranked in TSX Venture 50
July 4th, 2008 Marketwire: CIBT Education Group Inc. (AMEX: MBA; TSX.V: MBA) is pleased to report that it was ranked 6th in the 2008 TSX Venture 50’s Diversified Industries group.
The TSX Venture 50 identifies and ranks in the top 10 companies in five major industry sectors, based on a ranking formula that requires revenue, return on investment, market cap growth and trading volume. TSX Venture Exchange is a unique incubator of public companies and the companies in the TSX Venture 50 are living proof as to why this market is working.
About the TSX Venture Exchange:
TSX Venture Exchange is Canada’s public venture capital marketplace and home to over 2200 listed companies. Evolving from the merger of five junior stock markets, TSX Venture Exchange provides a credible and well regulated marketplace for Canada’s emerging companies. The TSX Venture 50 is a ranking of these growth companies and it demonstrates that TSX Venture Exchange has come a long way from just supporting the resource sectors in Canada.
About CIBT Education Group Inc.:
CIBT is an education management and investment company with a special focus on the global education market. Its subsidiaries, CIBT School of Business & Technology Corp., Tourism Training Institute and Sprott-Shaw Degree College Corp., which is comprised of Sprott-Shaw Degree College, Sprott-Shaw Community College, Sprott-Shaw International Language College, possess a combined operating history of over 118 years in China and Canada’s education sectors. CIBT owns and operates a network of 45 business and language colleges with a presence in Canada, China, Vietnam, Jordan and the Philippines. CIBT delivers North American and Chinese accredited business and management degree programs, automotive, and diesel maintenance programs, IT programs, travel and tourism programs and career/vocational programs through its network of campuses across China and Canada. In 2006, CIBT initiated plans to aggressively expand its business presence to over 50 CIBT teaching locations in China by 2010 and to establish schools in other parts of Asia including South Korea, Thailand, Malaysia and India.
CIBT Education Group Inc.
“Toby Chu”
Toby Chu
President & C.E.O.
Investor Relations Contact: N. America Toll Free: 1-800-574-0901* Email: info@cibt.net
Legal Notice Regarding Forward-Looking Statements: “Forward-looking Statements” as defined in the Private Securities Litigation Reform Act of 1995 may be required in this news release. These statements relate to future events or CIBT’s future financial performance. These statements are only predictions and may differ materially from actual future results or events. CIBT disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of CIBT’s competitors, the extent to which CIBT is able to develop new services and markets for their services, the time and expense involved in such development activities, the level of demand and market acceptance of their services and changes in our business strategies.
The TSX Venture Exchange and the American Stock Exchange has not reviewed and does not accept responsibility for the accuracy of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.