Press release from Filing Services Canada
CIBT Subsidiary Adds Two Centers in Hangzhou
Tuesday, May 28, 2013
CIBT Subsidiary Adds Two Centers in Hangzhou21:00 EDT Tuesday, May 28, 2013
FSC / Press Release
CIBT Subsidiary Adds Two Centers in Hangzhou
Vancouver, British Columbia CANADA, May 28, 2013 /FSC/ - CIBT Education Group Inc. (MBA - TSX, MBAIF - OTCQX),("CIBT Group") is pleased to announce that its subsidiary, King George International College ("KGIC"), one of the largest private English training schools in Canada, has launched the 2nd and 3rd KGIC Education Centers (the "Centers") in Hangzhou, China, following the launch of its Beijing KGIC Education Center. Hangzhou is located 180 kilometers southwest of Shanghai with population of 8.7 million and considered one of the wealthiest cities in China.
The Centers were created from KGIC's acquisition of Linkman International Language Institute in March, 2013. These two Centers will serve as KGIC's English training brand in China and their opening represents an important milestone in KGIC's expansion plan within the central China region. Unlike the growing number of KGIC franchisees under development, these two Centers are wholly-owned subsidiaries of KGIC. Programs offered at these locations are Canadian English curriculums, with western instructors assisting students to adapt to the North American school system, starting from kindergarten and primary school through to university.
The two Centers in Wenyi and Xiaoshan (district of Hangzhou) cover 800 square meters (8,600 square feet) of campus space and are equipped with the latest multimedia learning technology and CIBT Group's interactive learning platform, the Global Learning Network. The Centers currently enroll over 500 students and KGIC expects to see a large increase in registration due to its competitive advantage of offering western curriculum leveraging a strong Canadian brand, and focusing on improving students' interactive skills in English for the real world.
The Center will offer two major programs aimed at the specific market niches, "Youth Bridging" and "English for Post-Secondary Education". The Youth Bridging Program ("YBP") is targeted at Kindergarten to grade 12 students that have a desire to learn English and to study at North American primary or secondary schools. The Centers will help these students with entrance exam and interview (listening and speaking) preparations, with a focus on improving the student's interactive skills with Western teachers. The YBP program conducted in China creates a steady pipeline of high academic achievers possessing the level of English proficiency required to pass the vigorous interview and entrance exam imposed by CIBT Group's top-ranking elite school partners.
The EPE program (English for Post-Secondary Education) is an academic English and university preparation program for senior high school and post-secondary students with an objective of advancing their studies at North American colleges or universities. KGIC has established pathway programs with over 25 colleges and universities in North America. Many of KGICs pathway partners recognize the EPE program as a measurement of English proficiency, allowing students to begin their post-secondary education without presenting a TOEFL or IELTS score.
Pictures of KGIC Education Center can be viewed online at: http://cibt.net/kgic/hz
About King George International College:
King George International College ("KGIC") is one of the largest private English language training schools in Canada, and is approved by Languages Canada, with eight campuses in British Columbia, Ontario and Nova Scotia, and overseas recruitment agents across the globe. KGIC provides a range of English language training courses and education programs in the areas of English as a second language (ages 6+), university pathway, business English, powerspeaking and modern media, and test preparation. KGIC also offers summer camps, winter camps and an outdoor leadership program. KGIC enrolls about 8,000 students a year with in-take throughout the year and program length ranging from 4 weeks to 18 months. King George International Business College-Canada TESOL Center (KGIBC-CTC") is a business college registered with Private Career Training Institutions Agency (of BC). It offers TESOL training, business management, office management, interpreting and translation, and career training.
About CIBT Education Group:
CIBT Education Group Inc. ("CIBT Group") 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.
For more information contact:
Vice-Chairman, President & CEO
CIBT Education Group Inc.
Phone: 1-604-871-9909 Email: email@example.com
Investor Relations Contact:
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 the KGIC Hangzhou Education Centers, 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.
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