VANCOUVER, BC / CRWEPRESSRELEASE / September 22, 2015 / CIBT Education Group Inc. (TSX: MBA; OTCMKTS:MBAIF) (“CIBT”) is pleased to report that it has launched the official website for its wholly owned subsidiary, Global Education City Holdings Inc. (“GEC”). The link for the website is: www.studenthotel.ca.
“We are pleased with the significant progress achieved by GEC over the last 2.5 years,” commented Toby Chu, President, CEO and Vice Chairman of CIBT. “Given the recent volatility of the equities markets, we are grateful that the Vancouver real estate market has remained strong and that the value of our expanding student hotel portfolio continues to appreciate in value. Our goal is to continue filling GEC’s expanding student hotel portfolio by tapping into the growing demand for student living through our pipeline of corporate owned schools as well as from our partnered schools throughout the Metro Vancouver region.”
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 www.cibt.net and watch our corporate video at http://cibt.net/about/.
For more information contact:
Vice-Chairman, President & CEO
CIBT Education Group Inc.
Investor Relations Contact: 1-604-871-9909 extension 318 or | Email:email@example.com
Some statements in this news release contain forward-looking information (the “forward-looking statements“) about CIBT Education Group Inc. and its future plans. Forward-looking statements are statements that are not historical facts. The forward-looking statements in this news release include, without limitation, that CIBT’s goal is to continue filling GEC’s expanding student hotel portfolio by tapping into the growing demand for student living through its pipeline of corporate owned schools as well as from its our partnered schools throughout the Metro Vancouver region. The forward-looking statements are subject to various risks, uncertainties and other factors (collectively, the “Risks“) that could cause CIBT Group’s actual results or achievements to differ materially from those expressed in or implied by forward-looking statements. The Risks include, without limitation, that the stream of students from CIBT’s corporate owned and its partnered schools is less than anticipated. 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.
SOURCE:CIBT Education Group Inc.