CIBT’S Sprott Shaw College Opens New School of Trades
| April 20, 2015: CIBT Education Group Inc. (TSX:MBA, OTCQX International: MBAIF) (“CIBT Group”) reports that one of its schools, Sprott Shaw College, opened a new state-of-the-art facility in Burnaby, B.C. on April 14, 2015. With this opening, the school now has 14 campuses located across the province of British Columbia.
According to the British Columbia Trade Outlook 2010-2020, there will be a labour shortage for the trades sector as a whole by 2016. By 2022, there are expected to be more than one million job openings in B.C., 44% of which will be in skilled trades and technical occupations. Hosting more than 10,000 square-feet of classroom space, a 1,800 square foot garage-style shop and a 3,000 square foot lab, this new campus will address some of B.C’s growing demand for trades. With the plan of making skilled trades programs accessible to many more students in the years to come, the new campus is expected to graduate more than 200 construction electrician apprentices and 50 students in 2015. The School of Trades currently provides training as part of the Industry Training Authority’s Red Seal Apprenticeship program. The new campus currently offers full construction electrician training, a five months construction electrician training course, and training for those whose qualifications have expired or are from other jurisdictions. In the near future, the school is also planning to offer training for pipefitters, steamfitters and carpenters at this location. “Private career training schools are an important component of the post-secondary system and help ensure students gain the education, skills and experience…I want to wish Sprott Shaw every success with the opening of its trades school in Burnaby”, commented Minister of Advanced Education Andrew Wilkinson. 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 7,000 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 {00293213;1} 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, development and management company with a special focus on student centric serviced apartments and hotels in Canada. Visit us online at http://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 |
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| FORWARD LOOKING STATEMENTS:
Some statements in this news release contain forward-looking information (the “forward-looking statements”) about CIBT Group and its future plans. Forward-looking statements are statements that are not historical facts. The forward-looking statements in this news release are subject to various risks, uncertainties and other factors (collectively, “Risks”) that could cause the company’s actual results or achievements to differ materially from those expressed in or implied by forward-looking statements. With respect to the statement in this news release as to the expected number of job openings in B.C. by 2022 in the areas of skilled trades and technical occupations, the Risks include uncertainties as to the actual development of the B.C. economy. Forward-looking statements are based on the beliefs, opinions and expectations of CIBT Group’s management at the time they are made, and CIBT Group does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances should change, except as may be required by law. |