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    Archived pages: 358 . Archive date: 2013-07.

  • Title: CIBT Education Group
    Descriptive info: Investors.. Stock Information.. Investor Kit.. Regulatory Filings.. Corporate Governance.. Analyst Coverage.. News Room.. Press Releases.. Video News.. Media Coverage.. Contact Us.. 2013.. 2012.. 2011.. 2010.. 2009.. 2008.. 2007.. 2006.. 2005.. 2004.. 2003.. 2002.. 2001.. 2000.. November 1, 2004.. CIBT Engages Harris Nesbitt as Investment Banker.. October 12, 2004.. CIBT Continues Expansion by Acquiring Majority Interest of another Business School in China.. September 20, 2004.. CIBT Expands External Advisory Board.. September  ...   Acquires College in China.. June 1, 2004.. CIBT TO EXPAND PRESENCE TO EASTERN CHINA.. May 13, 2004.. CIBT FEATURED ON CHINA'S NATIONAL TELEVISION.. April 28, 2004.. CIBT TO EXPAND EDUCATION BUSINESS IN CHINA.. March 23, 2004.. CIBT Provides Update on Latest Developments in China.. February 12, 2004.. CIBT Joint Programs with ITT & WIU Receive Government Recognition in China.. January 20, 2004.. CIBT Overall Enrolment Increase by 63% in 2003..

    Original link path: /news/index.php?y=2004
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  • Title: CIBT Education Group
    Descriptive info: December 19, 2003.. China Aviation Industry and Boeing Join Forces to Promote Higher Education.. December 16, 2003.. CIBT Appoints External Advisor.. October 1, 2003.. CIBT Partners with Apollo Group, Inc.. Subsidiary, Western International University To Expand Presence In China.. September 26, 2003.. CIBT Expands Relationship  ...   Raise US$10 Million Private Equity.. June 9, 2003.. CIBT Business Update on SAR's Effects on Operations in China.. February 4, 2003.. CIBT and DeVry Subsidiary to Offer Chartered Financial Analyst Programs in China.. January 23, 2003.. CIBT Signs Agreement with Hong Kong based Executive Placement Firm..

    Original link path: /news/index.php?y=2003
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  • Title: CIBT Education Group
    Descriptive info: December 12, 2002.. CIBT Announces Board Appointment.. October 15, 2002.. CIBT Adds New Campus in Beijing.. May 30, 2002.. CIBT Information Technology Programs Receive Government Approval.. May 8, 2002.. CIBT To Hold Press Conference to Launch.. March 25, 2002.. CIBT To Launch Information Technology Progams in China.. March 20, 2002.. CIBT Launches New Corporate Website.. March 15, 2002.. CIBT Signs Agreement With ITT Education Services, Inc.. January 16, 2002.. CIBT To Provide Executive Training To Global Trading Firm..

    Original link path: /news/index.php?y=2002
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  • Title: CIBT Education Group
    Descriptive info: November 1, 2001.. CIBT Partners with Project Management Institute, Being Chapter.. October 18, 2001.. CIBT Signs Agreement with Intel.. October 2, 2001.. CIBT Enrollments Increase by 153%.. September 6, 2001.. CIBT To Provide E-Commerce Training.. February 28, 2001.. CIBT Reports Recent Developments of International Bachelor Degree Program..

    Original link path: /news/index.php?y=2001
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  • Title: CIBT Education Group
    Descriptive info: December 19, 2000.. CIBT Signs Training Material Contract With Schneider Electric Investment (China).. October 18, 2000.. CIBT Announces New Online Courses and International Degree Program.. June 7, 2000.. CIBT's Developments..

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  • Title: CIBT Education Group
    Descriptive info: Back.. CIBT Reports Fiscal Year 2012 Financial Results.. December 3rd, 2012: CIBT Education Group Inc.. (NYSE MKT: MBA and TSX: MBA):.. (“CIBT Group” or the “Company”) is pleased to report its audited consolidated operating results for the year ended August 31, 2012.. Highlights of the fiscal results are as follows:.. For the twelve months ended August 31, 2012 (“Fiscal 2012”), CIBT Group’s gross revenues totaled $58.. 0 million as compared to $58.. 6 million for the twelve months ended August 31, 2011 (“Fiscal 2011”), a decrease of $606,000 or 1%.. Net income was a loss of $0.. 8 million in Fiscal 2012 compared to a loss of $9.. 5 million in Fiscal 2011, a significant turn-around of $8.. 6 million, tied to management’s focus of streamlining operations and to impairment charges in fiscal 2011.. Non-IFRS EBITDA (Earnings Before Interest Tax, Depreciation and Amortization) income in Fiscal 2012 increased by $9.. 5 million year-over-year to $1.. 0 million from ($8.. 5) million in Fiscal 2011.. Non-IFRS Adjusted Net Income (EBITDA excluding Share-based Compensation) increased by $9.. 6 million year-over-year to $1.. 2 million from ($8.. 4) million in Fiscal 2011.. The EBITDA and Adjusted Net Income above added back non-cash expenses that have no material impact on the Company’s operating cash flow.. Adjusted EBITDA and Adjusted Net Income are non-IFRS measures which allow management to isolate financial statement items that contribute to the operating performance and cash flow activities and can be reconciled to the consolidated financial statements as follows:.. Year Ended August 31, 2012.. Year Ended August 31, 2011.. Net income (loss).. $ (813,888).. $ (9,462,921).. Add: interest on long-term debt.. 144,899.. 153,656.. Add: income tax (recovery) provision – non cash.. 118,446.. (843,505).. Add: depreciation and amortization – non cash.. 1,581,460.. 1,657,575.. EBITDA (NON-IFRS).. 1,030,917.. (8,495,195).. Add: Share based compensation – non cash.. 178,564.. 59,896.. Adjusted Net Income (NON-IFRS).. $ 1,209,481.. $ (8,436,299).. Reference should be made to the Company’s annual consolidated financial statements and management’s discussion and analysis which can be viewed under the Company’s profile on SEDAR at http://www.. sedar.. com.. “Fiscal 2012 was a year of significant turnaround for CIBT Group.. The result placed us on a strong and positive trajectory with steady and solid growth.. We transformed our various subsidiaries into leaner organizations with the ability to adapt to the declining economic environment,” commented Toby Chu, President, CEO, and Vice Chairman of CIBT Education Group Inc.. “While we are pleased with our 5 year revenue growth from US$8.. 2 million in F2007 to CAD$58.. 0 million in F2012, both organically and through our acquisitions, we continue to be vigilant on our operating cost structure.. Our Adjusted Net Income of $1.. 20 million speaks volumes about management’s relentless efforts to perform better with less resources.. This yielded a steady revenue base but significant reduction of operating expenses from $32.. 9 million in F2011 to $29.. 6 million in F2012, a saving of $3.. 3 million or 10%.. Our cash or cash equivalent position as at August 31, 2012 increased to $8.. 0 million from $6.. 5 million as at August 31, 2011, an increase of 23%.. Our long term debt was $1.. 6 million as of August 31, 2012, a decline of $0.. 6 million (27%) from the same day last year and we expect this trend will continue on a yearly basis.. This strong cash position and minimal debt ratio will allow us to act swiftly on appealing acquisition opportunities as they are identified.. It is also important to note that while the Company enjoyed a significant turn-around of its financial performance, the Company also maintained its vision of growth through global expansion.. The reason revenue was relatively flat in Fiscal 2012, instead of suffering a decline as commonly seen with  ...   us.. development of our own Global Learning Network for effective delivery of educational programs.. acquisition of core assets which added tremendous value and at reasonable valuation.. entry into the Junior and High School sectors and addition of Children English programs to our list of programs, both of which are non-student loan dependent income streams for our business.. These initiatives are mostly catered to the international market and contributed to increased international student revenues of $4.. 7 million during Fiscal 2012.. These exciting initiatives were conducted while we were streamlining our operations and reducing operating costs, resulting in decreased general and administrative expenses of $3.. 3 million during Fiscal 2012.. Our management team achieved these results when the global economy continued to retract and the economic outlook remained pessimistic during the period.. Going forward, we feel that our technology infrastructure, supported by our right-sized organization, will allow us to gain long term benefits and remain competitive.. Our vision is to build a multinational organization with an extensive international distribution network while maintaining profitability.. We believe that our global network of locations, business contacts, technology infrastructure and internationally-oriented educational programs will be our most valuable assets.. These assets differentiated CIBT Group among its peers from a global perspective.. We thank our shareholders for their support and look forward to reporting on our future progress.. ”.. About CIBT Education Group:.. is an education management company focused on the global education market.. Listed on the Toronto Stock Exchange and the NYSE MKT LLC, CIBT Group owns and operates a network of business, technical and language colleges and has cooperative joint programmes in 18 countries.. Its subsidiaries include Sprott-Shaw College (established in 1903), Sprott-Shaw Degree College, CIBT School of Business China, and King George International College.. Through these subsidiaries, CIBT Group offers Western and Chinese accredited business and management degrees, and programmes in college preparation, healthcare, hotel management and tourism, English language training, English teacher certification, junior and high school preparation program for overseas study, and other career/vocational training.. In addition to its wholly-owned subsidiaries, CIBT Group is the exclusive licensee for the American Hotel Lodging Educational Institute (AHL-EI) in China.. CIBT Group also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada, and Global Career Center (“GCC”).. GCC is a job placement call center located in the Philippines dedicated to providing employment services to CIBT Group graduates for free and for the lifetime.. Visit us on line at www.. cibt.. net.. For more information contact:.. Toby Chu.. Toby Chu.. Vice-Chairman, President CEO.. Investor Relations Contact: N.. America Toll Free: 1-888-865-0901 Email:.. info@cibt.. net.. FORWARD-LOOKING STATEMENTS:.. 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 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 and plans for CIBT Group’s future strategy, 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.. Neither the NYSE Amex nor the Toronto Stock Exchange accepts responsibility for the adequacy or accuracy of this news release..

    Original link path: /news/20121203.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Ranked 83rd Biggest Public Company in BC by BCBusiness Magazine.. June 16th, 2012:.. (NYSE AMEX: MBA) (TSX: MBA) ("CIBT" or the "Company") is pleased to report that the Company has been ranked 83rd biggest public company in British Columbia by BCBusiness Magazine.. The article entitled “B.. C.. ’s Top 100 Biggest Public Companies 2012” is included in the magazine’s June 2012 issue.. About BCBusiness Magazine:.. BCBusiness Magazine is British Columbia’s foremost business authority and the most widely read business publication in the province.. The 2012 Top 100 Companies in B.. rankings can be found in the June 2012 issue of BCBusiness Magazine or online at:.. http://www.. bcbusinessonline.. ca/businesses/bcs-top-100-biggest-public-companies-2012..  ...   Sprott-Shaw Community College (established in 1903), Sprott-Shaw Degree College, CIBT School of Business China, and King George International College.. Through these subsidiaries, CIBT Group offers Western and Chinese accredited business and management degrees, and programmes in college preparation, automotive maintenance, information technology, hotel management and tourism, English language training, English teacher certification, and other career/vocational training.. In addition to its wholly-owned subsidiaries, CIBT Group is the exclusive licensee for the American Hotel & Lodging Educational Institute (AHL-EI) in China, and the WyoTech Automotive Institute for China.. CIBT Group also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada.. ON BEHALF OF THE BOARD OF DIRECTORS..

    Original link path: /news/20120716.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Ranked 34th Fastest Growing Company in Canada by Profit Magazine.. July 11th, 2012 CIBT Education Group Inc.. (NYSE AMEX: MBA) (TSX: MBA) (“CIBT Group”).. is pleased to report that it has been ranked as the 34th Fastest Growing Company in Canada in the “24th Annual Profit 200 Rankings” which was published in the June 2012 issue of Profit Magazine.. CIBT Group achieved revenue growth of 1,133%, from $4.. 7 million to $58.. 6 million in the five years from 2006 to 2011.. "On a number of occasions since 2003, CIBT Group has ranked in Profit Magazine’s list of the Top 200 fastest growing companies in Canada.. CIBT Group has been improving in the rankings since 2010, from a 105th place ranking that year to a ranking of 39th in 2011, and most recently a 34th place ranking in 2012,” commented Toby Chu, Vice-Chairman, President & CEO.. “While we are pleased with our rapid growth during the past decade, despite the global financial crisis and poor economic conditions during the past few years, we remained vigilant, exercising carefully planned and responsible growth.. Since 2010, we have executed several re-sizing strategies to accommodate our rapidly growing  ...   we will continue to fulfill our corporate objective of delivering high quality western education to the global education market using advanced interactive technology supplemented by traditional brick-and-mortar campuses.. We feel that our expanding geographical footprint and business presence in 18 countries gives CIBT Group a solid foundation to fulfill our vision of becoming a global education leader.. ".. About Profit Magazine:.. Profit Magazine is a bi-monthly publication that has served the entrepreneurial business community since 1984.. The top 200 company rankings can be found in the June 2012 issue of Profit Magazine or online at.. profitguide.. In addition to its wholly-owned subsidiaries, CIBT Group is the exclusive licensee for the American Hotel & Lodging Educational Institute (AHL-EI) in China and the Philippines, and the WyoTech Automotive Institute for China.. With respect to the statement in this news release as to the continued growth of the Company, 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; uncertainties as to the demand for the programs offered; and general economic factors and other factors that may be beyond the control of the company..

    Original link path: /news/20120711.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Launches GLN Desktop Service.. July 9th, 2012 CIBT Education Group Inc.. is pleased to announce that a new connectivity platform, named GLN Desktop, has been added to its Global Learning Network (“GLN”) platform.. This new platform has expanded and enhanced CIBT's existing Global Learning Network by connecting students from around the world via individual desktop PCs, MACs, laptops, iPads, and other mobile devices.. CIBT students can now connect to our various teaching studios from their mobile devices or personal computers in a fully interactive environment.. In addition to expandability, this latest development in technology has also decreased the bandwidth requirement for each log-on user by nearly 400%, thereby increasing our scalability substantially.. This new software and hardware solution provides our students with two options:.. Attend class at our physical GLN Classroom overseas and be connected to our North American based GLN Teaching Studio, or.. Log-on to our virtual GLN Classroom from any personal computer or mobile device from around the world and be connected with our North American teacher at our GLN Teaching Studio, GLN Classrooms, and/or other virtual participants.. This highly expandable and scalable model allows us to connect to up to 99 users including GLN Classrooms with multiple students, and individual  ...   definition transmission is delivered through multiple relay servers located in all continents from Asia, Europe, North America, South America, and Africa.. “We are pleased to be the first substantial mover to launch this educational platform by connecting our live and fully interactive teaching Studios to Classrooms and Desktop PCs (or Macs) from any location outside of the classroom,” commented Toby Chu, President and CEO, Vice Chairman of CIBT.. “This platform extension features higher scalability and expanded applications.. It will allow us to enter emerging countries and remote regions via a low bandwidth internet connection, while providing high definition pictures and a fully interactive learning environment at nominal cost.. ”.. To appreciate the low bandwidth usage, high definition and flexibility of the enhanced GLN platform, a demonstration video is available at.. www.. myGLN.. With respect to the statement in this news release as to expected increase in performance and operations of the Global Learning Network, 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; uncertainties as to the demand for the programs offered; and general economic factors and other factors that may be beyond the control of the company..

    Original link path: /news/20120709.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT to Establish GLN Center at Whampoa University of Beijing.. April 30th, 2012 CIBT Education Group Inc.. (NYSE AMEX: MBA) (TSX: MBA).. (“CIBT Group”) is pleased to announce that its subsidiary, CIBT School of Business China (“CIBT China”), has signed a Memorandum of Understanding with Whampoa University of Beijing (“WU”) to establish a Global Learning Network (“GLN”) Center at WU’s campus in Beijing.. In addition, CIBT Group has been appointed as a representative of WU to identify suitable academic partners from North America to make available emergency management training and other life preserving programs to WU’s students.. The cooperation between CIBT and WU will consist of American Hotel and Lodging Educational Institute (“AHLEI”) programs, exclusively licensed by CIBT China, and also Emergency Management training programs through the GLN Center and face-to-face instruction.. Our proposed Emergency Management program will consist of incident command, emergency first aid, crisis prevention, crisis management, emergency health and social services and other specialized programs intended for civic employees, government leaders and corporate executives.. Our long term goal is to establish a level of standard for emergency management protocols in China and to achieve the objective of safer workplaces in China and other emerging nations in Asia.. “According to the Chinese government’s official figures, 79,552 people died in work-related accidents in China in 2010, an average of 218 work-related deaths per day.. It is a common belief that the actual number is much higher because the reported figures don’t reflect small unregistered workshops located in many outlying regions”, commented Toby Chu, President and CEO, Vice Chairman of CIBT Group.. “The reduction of workplace injury and preparation training for disaster management are becoming an urgent priority for the government.. At CIBT, our goal is to identify suitable programs from North America, combine them with our decades of experience in heath care related training in Canada and  ...   established by Dr.. Sun Yat-sen, the founding father of the Republic of China.. Similar to United States Military Academy at West Point, Whampoa Military Academy has played a significant role in military history since it opened in 1924.. It not only supplied many military commanders for both the Nationalist and Communist party, but also its graduates have much more influence on both parties' policies and governance.. A history of the WMA is available at:.. http://hpdx.. cn/xxgk/xxjj.. htm.. With the approval of Beijing Education Committee, endorsed by the United Front Work Department of CPC Central Committee, Whampoa University of Beijing was formally established in June 1993.. As a comprehensive university, Whampoa University of Beijing consists of 11 schools that specialize in a variety of subjects.. Since its establishment, more than 40,000 students have graduated and there are currently 4,000 students on campus.. It is located in the Daxing District of Beijing, China, covering an area of 1.. 398 million square feet facilities.. In addition to its wholly- owned subsidiaries, CIBT Group is the exclusive licensee for the American Hotel Lodging Educational Institute (AHL-EI) in China and the Philippines, and the WyoTech Automotive Institute for China.. ON BEHALF OF THE BOARD OF DIRECTORS.. FORWARD-LOOKING STATEMENTS:.. 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 the statement in this news release as to expected operations with Whampoa University of Beijing, 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; uncertainties as to the demand for the programs offered; and general economic factors and other factors that may be beyond the control of the company..

    Original link path: /news/20120430.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Establishes GLN Partnership with Beijing Language and Culture University.. February 22nd, 2012 CIBT Education Group Inc.. (NYSE AMEX: MBA) (TSX: MBA).. (“CIBT Group”) is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with the Beijing Language and Culture University (“BLCU”) to establish a Global Learning Network Center (“GLN Center”) with interactive video conferencing technology within the BLCU Beijing campus.. According to the Beijing Times newspaper, the research institution of Renmin University China ranked BLCU as the 44th best university in China in 2010.. Among other prestigious recognitions, BLCU was also named the most popular university among international students in mainland China.. Details are available at:.. http://exchange.. blcu.. edu.. cn/en/cn/about_us/select.. aspx?Basic_ClassID=175 NewsID=369.. The programs to be delivered include hospitality programs which are exclusively licensed to CIBT Group in China by the American Hotel Lodging Association Educational Institute, and language programs developed by King George International College.. , a wholly owned subsidiary of CIBT Group.. Programs will be taught through interactive video conference technology from Vancouver, Canada as well as traditional face to face instruction at the BLCU Beijing campus.. The MOU further provides for the transfer of students to CIBT Group’s schools in Canada, including KGIC and Sprott-Shaw Degree College..  ...   partners joining our Global Learning Network.. It is important to note that these new academic partners joining our network are well established, fully accredited public institutions with substantial credibility and reputation.. On January 18th 2012, CIBT announced the completion of our GLN Center at Guangzhou University, another tier 1 university in China.. These academic partners and their reputations will certainly reinforce our future recruitment efforts and enhance the integrity of our business model.. About Beijing Language and Culture University:.. Beijing Language and Culture University was established in 1962 and is the only university in China that focuses on recruiting international students to its campus in Beijing, China.. Among universities that specialize in Chinese language and culture, BLCU is the largest, with the longest history and most well qualified faculty.. Since its foundation, BLCU has trained over 120,000 foreign students from 176 countries.. They have more than 700 teachers and approximately 300 of them are professors involved in research.. Currently BLCU has 23 bachelor’s programs, 28 master’s programs and 15 Ph.. D programs.. In addition to its wholly-owned subsidiaries, CIBT Group is the exclusive licensee for the American Hotel Lodging Educational Institute (AHL-EI) in China and the Philippines, and the WyoTech Automotive Institute for China..

    Original link path: /news/20120222.php
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  • Archived pages: 358