CIBT to Trade on the Toronto Stock Exchange
May 25th, 2010 – CNW Newswire: CIBT Education Group Inc. (NYSE AMEX: MBA) (TSX-V: MBA) (“CIBT” or the “Company”) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has confirmed that effective Wednesday May 26th 2010, the Company will commence trading on the TSX. The Company’s shares will contemporaneously be delisted from the TSX Venture Exchange.
To obtain more information about the TSX or information on the Company or its stock quote, investors may visit the TSX website at www.tmx.com. The Company’s trading symbol remains unchanged as MBA and investors are reminded to type in the symbol MBA.TO instead of MBA.V while visiting Canadian financial websites such as Finance.Yahoo.ca.
The Company is also listed on the NYSE Amex and quoted in the US under the same symbol MBA.
About the Toronto Stock Exchange:
The Toronto Stock Exchange, a subsidiary of the TMX Group Inc., is the largest stock exchange in Canada, the third largest in North America and the eighth largest in the world by market capitalization. The Toronto Stock Exchange facilitated close to $60 billion in total new equity financing in 2009. Average daily volume through to January 2010 was 438 million shares with an average daily trade value of over $5 billion.
About CIBT Education Group:
CIBT is an education management company with a special focus on the global education market. It owns and operates a network of business, technical and language colleges in over 60 locations in 18 countries through which it delivers Western and Chinese accredited business and management degree programs, college preparation programs, automotive maintenance programs, IT programs, hotel management and tourism programs, language training and certification programs and career/vocational programs. Its subsidiaries, CIBT School of Business, KGIC Education Group, and Sprott-Shaw Degree College Corp., which is comprised of Sprott-Shaw Degree College, Sprott-Shaw Community College (established in 1903) and Sprott-Shaw International Language College, possess a combined operating history of over 136 years in China’s and Canada’s education sectors. In addition to its wholly-owned subsidiaries, CIBT is the exclusive licensee for the American Hotel & Lodging Association Educational Institute (ALHA-EI) in China and the Philippines and the WyoTech Institute for China. CIBT also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada. In 2008, the Irix Design Group 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
Neither the NYSE Amex nor the TSX Venture Exchange or its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Legal Notice Regarding Forward-Looking Statements: This news release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (United States). Statements in this news release which are not purely historical, are forward-looking statements and require any statements regarding beliefs, plans, expectations or intentions regarding future events or CIBT’s future financial performance. These statements are only predictions and actual results may differ materially from those predicted in any forward-looking statements due to numerous factors, 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. CIBT disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. The risks and uncertainties that could affect future events or CIBT’s future financial performance are more fully described in CIBT’s quarterly reports (on Form 6-K filed in the US and Form 51-102F1 filed in the Canada) and CIBT’s annual reports (on Form 20-F filed in the US and Canada) and other recent filings in the US and Canada. These filings are available on EDGAR at www.sec.gov in the US and on SEDAR at www.sedar.com in Canada.