CIBT’s Featured in The Province Newspaper
December, 10th 2014: CIBT Education Group Inc. (TSX:MBA, OTCQX International: MBAIF) (the “Company” or “CIBT”) reports that it was featured on the front page of The Province newspaper on December 8th 2014.
In the article, The Province reported that international student Wendy Qi “is renting a downtown condo for $2,000 a month and finding herself alone most of the time”. When asked about CIBT’s plan to build affordable student housing, she called the plan an “excellent idea”.
In the article, The Province reported that international student Wendy Qi “is renting a downtown condo for $2,000 a month and finding herself alone most of the time”. When asked about CIBT’s plan to build affordable student housing, she called the plan an “excellent idea”.
“Finding an apartment was very hard. If you want to rent one, you have to do it immediately. You cannot think about it for a month” Ms. Qi stated. “It was a little expensive but I had no choice”. The demand for student housing in Metro Vancouver outstrips supply. There are over 5,200 students as of December 2014 on the University of British Columbia’s dormitory wait list; those who have accommodation are paying 12 months of rent for 9 months of use.
“CIBT has a unique advantage”, commented Toby Chu, Vice Chairman, President and CEO of CIBT Group. “By utilizing our integrated services of global network of schools, recruitment agreements and services, the Company will provide a pipeline of international students to fill the serviced apartments and Education Super Center”.
Read the full article at CIBT website www.cibt.net or go directly to the following URL: http://cibt.net/news/201412province.html
About CIBT Education Group:
CIBT Education Group Inc. is an education management company focused on the global education market since 1994. Listed in Canada on the Toronto Stock Exchange and in the U.S on the OTCQX International, CIBT Group owns and operates a network of business, technical and language colleges in North America and Asia. CIBT Group offers cooperative joint programs in 12 countries with campuses, recruitment offices and training centers enrolling over 6,500 students annually. Its education business is operated through Sprott Shaw College (established in 1903), Acsenda School of Management, CIBT School of Business China, and Global Education Alliance Recruitment Centers in China and other overseas countries. Through these subsidiaries, CIBT Group offers Western and Chinese accredited business and management degrees, programs in college preparation, healthcare, hotel management and tourism, English language training, English Teacher Certifications, junior and high school preparation programs for overseas study, and other career/vocational training. CIBT Group also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada, Global Education Alliance (“GEA”) and Global Education City Holdings Inc. (“GEC”). GEA recruits international students for many elite kindergarten, primary, secondary schools and universities in North America. GEC is an investment holding and management company with a special focus on education related real estate projects in Canada. Visit us online at www.cibt.net.
For more information contact:
Toby Chu
Vice-Chairman, President & CEO
CIBT Education Group Inc.
Investor Relations Contact:1-604-871-9909 extension 318 | Email: info@cibt.net