CIBT Introduces New Corporate Video and Business Updates
|July 20th, 2015: CIBT Education Group Inc. (TSX: MBA, OCTQX International: MBAIF) (“CIBT”) is pleased to report that it has completed a new corporate video which concisely depicts the Company’s expanding infrastructure and our ability to utilize this solid infrastructure to create the pipeline for our fastest growing education real-estate division. To view the corporate video, please visit us online at: http://www.cibt.net/about/
“We are pleased to see that our business strategies and long term growth plan are being executed step by step, year over year despite turmoil occurring in various economic regions of the world,” commented Toby Chu, President and CEO, Vice Chairman of CIBT Education Group. “During the past decade, we foresaw a number of negative events that were forming which impacted our industry and the global capital markets. These significant events include the global financial crisis in 2008, fraudulent accounting issues relating to publicly traded companies with operations in China in 2009, and the declining trend of “for-profit private education sector” in the United States for the past 6 years which adversely impacted investors’ sentiment toward for-profit education companies in North America. During these challenging periods, the Company executed a number of strategic and substantial moves to steer clear of these abysses. The following is a short re-cap of the Company’s strategies is as follows:
While management is humbled by the success of its prudent approach, these strategic moves were carefully calculated, analyzed and effectively executed. We have streamlined the Company’s operations while pursuing emerging market growth without the emerging market risk. Our business focus – to recruit international students from over 50 countries to Canada so that we can educate them, house them and provide them with a memorable Canadian experience – is demonstrating positive results. We wish to thank our shareholders for their support and patience during our evolution over the past decade.”
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 owns and operates a network of business, technical and language colleges in North America and Asia. CIBT 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 offers recognized and approved 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 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 http://www.cibt.net.
For more information contact:
Vice-Chairman, President & CEO
CIBT Education Group Inc.
Investor Relations Contact:1-604-871-9909 extension 318 | Email: email@example.com
|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.