CIBT Launches International Foundations Program in South East Asia & China
May 13th, 2009 CNW Group: CIBT Education Group Inc. (NYSE Amex and TSX.V symbol: MBA) is pleased to report that its China subsidiary, CIBT School of Business, has launched the International Foundations Program (“IFP”). The IFP was created and modeled after CIBT’s 2+2 program which has been very successful for over a decade.
In 2009, CIBT School of Business ranked second in the Top College Prep Programs in China, an internet survey conducted by Sohu.com, China’s largest internet portal. Building on its success, CIBT has completed and launched a series of IFP courses. The IFP prepares Chinese students for acceptance into overseas institutions and connects its graduates with its international network of over 30 universities from around the world. IFP graduates will be able to transfer to an overseas receiving institution to complete their degrees or diplomas. Foreign studies are a unique niche market that is growing with increasing popularity in China. Chinese parents strongly encourage their children to study overseas for greater future earning potential.
CIBT is one of the largest overseas bachelor degree programs in China in which students study for 2 years in China and 2 more years abroad at a CIBT academic partner institution in Canada, the USA, the UK, Australia, New Zealand, Malaysia or the Netherlands. The IFP prepares students to gain access into reputable overseas institutions.
CIBT initiated a program which eventually became the IFP with Purdue University in the United States in 2007. Following three years of success, CIBT is now attracting additional partner universities around the globe.
“After 10 years of continued success and experience in our international programs, we are very pleased with this latest deployment of IFP,” commented Toby Chu, Vice Chairman and CEO of CIBT Group. “Our system of 30 international universities located in six English speaking countries is considered the largest network of transferable programs in China. This network of receiving universities allowed our students to select their final study destination based on their personal economic and cultural preferences. The launching of IFP in China is an initial debut to be followed by other countries such as the Philippines, Thailand, South Korea, Vietnam, Hong Kong and Taiwan.”
About CIBT Education Group Inc.
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, Concordia Career College, Modus International Language College and Sprott-Shaw Degree College Corp., which is comprised of Sprott-Shaw Degree College, Sprott-Shaw Community College (established in 1903), 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 business, technical and language colleges with presence at over 40 campuses and teaching centers including Canada, China, Vietnam, Jordan, the Philippines and Jamaica. 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 across China and to establish schools in other parts of Asia including South Korea, Thailand, Taiwan, Hong Kong, Malaysia and India. CIBT also owns Irix Design Group, a leading full service design and advertising company based in Vancouver, Canada. In 2008, Irix Design was ranked 15th in the list of Biggest Ad Agencies in Greater Vancouver by the Business in Vancouver newspaper.
CIBT Education Group Inc.
“Toby Chu”
Toby Chu
Vice-Chairman, President & CEO
Investor Relations Contact: Ed Cheung N. America Toll Free: 1-888-865-0901 extension 318 * Email: info@cibt.net
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