Press release from Business Wire
CIBT Education Group Inc. Ranked No. 128 on the 2013 PROFIT 500, and Toby Chu, CEO of CIBT Education Group Inc, featured in PROFITguide.com's Manage/Grow-Success Stories
<p> <i>PROFIT magazine unveils 25</i><sup><i>th</i></sup><i> annual list of Canada's Fastest-Growing Companies</i> </p>
Monday, June 03, 2013
CIBT Education Group Inc. Ranked No. 128 on the 2013 PROFIT 500, and Toby Chu, CEO of CIBT Education Group Inc, featured in PROFITguide.com's Manage/Grow-Success Stories20:32 EDT Monday, June 03, 2013
VANCOUVER, British Columbia (Business Wire) -- PROFIT Magazine ranked CIBT Education Group Inc. (TSX: MBA and OTCQX: MBAIF) (“CIBT”) No. 128 on the 25th annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies. Published in the Summer issue of PROFIT Magazine and online at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue growth over five years.
CIBT Education Group Inc, an education management company focused on the global education market, made the PROFIT 500 list with five-year revenue growth of 523%.
“To celebrate the 25th anniversary of the Fastest-Growing Companies in Canada, the PROFIT 500 has expanded to recognize the entrepreneurial achievements of more than 500 Canadian companies,” says Ian Portsmouth, Editor-in-Chief of PROFIT magazine. “PROFIT is proud to now showcase Canada's forward-thinking small business entrepreneurs and honour their talents and innovations.”
Toby Chu, CIBT's President, CEO and Vice-Chairman has been featured in the PROFITguide.com's Manage/Grow-Success Stories titled “Exporting Canada's Education Brand,” where he described the company's history, growth and exciting future plans. To access the editorial, please visit: http://www.profitguide.com/manage-grow/success-stories/exporting-canadas-education-brand-52876 or www.cibt.net/profit500.
“CIBT Group is honored to be on the PROFIT 500 ranking once again and the 6th time in 10 years since 2003,” says President, CEO and Vice Chairman Toby Chu. “This achievement reflects the strength of our services and the dedication of our entire domestic and international team in Canada and abroad. As the global education market approaching a $3 trillion market size, we expect to continue our growth momentum by expanding our domestic infrastructure and global recruitment network in coming years.”
Over the past five years, CIBT Education Group Inc has grown from $5 million to $57 million in revenue. It currently enrolls over 13,500 students annually from over 42 countries. By owning two of the largest private career colleges and English language training schools in Canada, and possessing an expansive agency network and academic partners in over 42 countries, CIBT Group is well positioned to benefit from the fast growing international education market. CIBT's vision is to export western education to international markets by employing professional grade video conferencing technology, complemented by attracting international students to North America for advanced study and work experience. Our combined approach allows for lower cost of content delivery, higher quality education and better financial management oversight thereby capitalizing on emerging market growth without emerging market risks. CIBT has been ranked five other times as Canada's Fastest-Growing-Companies by PROFIT Magazine since 2003. CIBT was also ranked Top 100 Public Companies in BC by Business in Vancouver newspaper, and Canada's Top 1,000 Largest Publicly Traded Corporations by Report on Business Magazine.
About PROFIT Magazine and PROFITguide.com
PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 31 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.
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 programmes in 18 countries with over 50 campuses, recruitment offices and training centers enrolling over 13,000 students annually. Its subsidiaries include Sprott Shaw College (established in 1903), Acsenda School of Management, CIBT School of Business China, and King George International College. Through these subsidiaries, CIBT Group offers Western and Chinese accredited business and management degrees, programmes in college preparation, healthcare, hotel management and tourism, English language training, English teacher certification, junior and high school preparation programmes 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 Career Center (“GCC”), and Global Education Alliance (“GEA”). GCC is a job placement call center located in the Philippines dedicated to providing employment services to CIBT Group graduates for free throughout their careers. GEA is the premier solution for international students wishing to enter elite kindergarten, primary, secondary schools and universities in North America. Visit us online at www.cibt.net.
On behalf of the Board of Directors,
Vice-Chairman, President & CEO
CIBT Education Group Inc.
Phone: 1-604-871-9909 Email: firstname.lastname@example.org
Investor Relations Contact:
Renmark Financial Communications Inc.
Barry Mire Phone: (416) 644-2020 Email: email@example.com
John Boidman Phone: (514) 939-3989 Email: firstname.lastname@example.org
Some statements in this news release contain forward-looking information (the “forward-looking statements”) about CIBT Education Group Inc. (“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 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 statements in this news release as to expectations for future results and plans for expansion, these risks, uncertainties and other factors include, without limitation, uncertainty as to the company's ability to achieve the goals and satisfy the assumptions of management; and general economic factors and other factors that may be beyond the control of the company. Forward-looking statements are based on the beliefs, opinions and expectations of the company'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.
Renmark Financial Communications Inc.
Barry Mire, 416-644-2020
John Boidman, 514-939-3989