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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.. Back.. CIBT Reports Fiscal 2010 Results.. November 30, 2010 CNW Group: CIBT Education Group Inc.. (NYSE AMEX and TSX symbol: MBA) (“CIBT” or the “Company”).. is pleased to report its audited operating results for the year ended August 31, 2010.. All monetary references in this news release are to Canadian dollars.. For the twelve months ended August 31, 2010, the Company’s gross revenues totalled $55.. 9 million as compared to $44.. 5 million for the twelve months ended August 31, 2009, an increase of $11.. 4 million dollars or 26%.. The Company generated EBITDA (earnings before interest, tax, depreciation and amortization) of $1.. 8 million for fiscal 2010, as compared to $2.. 0 million for fiscal 2009, a decrease of 10%.. The Company’s EBITDA was impacted by non-cash expenses that have no impact on the Company’s operating cash flow.. Reference should be made to the Company’s complete audited consolidated financial statements for the year ended August 31, 2010.. A number of “non-cash” items were recorded in earnings for the year ended August 31, 2010 including impairment of certain intangible assets and marketable securities, and restructuring and integration costs totalling $2.. 672 million.. These items have no operational effect on the Company and are considered non-cash expenses.. After deductions of all non-cash expenses, net income for the year was $582,370, compared to $16,007 in 2009, an increase of 3,538%.. The EBITDA and Adjusted Net Income are non-GAAP measures which allow management to isolate financial statement items that contribute to the actual operating performance and cash flow activities of the Company.. To view the Company’s annual consolidated financial statements and management’s discussion and analysis, and its annual information form, please visit http://www.. sedar.. com.. “Fiscal year 2010 was another phenomenal year of growth for the Company,” commented Toby Chu, President and CEO, and Vice Chairman of CIBT Education Group Inc.. , “We are pleased with our 3 year revenue growth which has increased from $9.. 3 million in 2007 to $55.. 9 million this year with EBITDA of $1.. 8 million for fiscal 2010.. While earnings continue to improve from prior years, it is important to note that the Company has also completed a number of important steps in building its infrastructure, which will provide long term benefits for the  ...   cash position will allow us to act swiftly as appealing acquisition opportunities are identified.. We would like to thank our shareholders for their support and look forward to reporting on our future progress.. About CIBT Education Group:.. CIBT Education Group is an education management company focused on the global education market.. Listed on the Toronto Stock Exchange and the NYSE Amex, CIBT Group owns and operates a network of business, technical and language colleges as well as having cooperative joint programmes at over 70 locations in 18 countries.. Its subsidiaries require 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 Association Educational Institute (ALHA-EI) in China and the Philippines, and the WyoTech Automotive Institute for China.. CIBT also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada.. In 2008, the Irix Design Group was ranked 15th in the list of biggest ad agencies in Greater Vancouver by the “Business in Vancouver” newspaper.. ON BEHALF OF THE BOARD OF DIRECTORS.. Toby Chu.. Toby Chu.. Vice-Chairman, President CEO.. Investor Relations Contact: N.. America Toll Free: 1-800-574-0901* Email:.. info@cibt.. net.. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.. has filed a registration statement on Form F-1, including a preliminary prospectus (the Preliminary Prospectus ), with the SEC for the offering to which this press release relates.. Before you invest, you should read the registration statement, including the Preliminary Prospectus, and any other documents CIBT Education Group Inc.. has filed with the SEC for more complete information about the company and the offering.. Investors should rely upon the Preliminary Prospectus and any relevant press release for complete details.. You may get these documents and any other documents the company has filed for free by visiting EDGAR on the SEC web site at www.. sec.. gov, or the link provided above.. Neither the NYSE Amex nor the Toronto Stock Exchange accepts responsibility for the adequacy or accuracy of this news release..

    Original link path: /news/20101130.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT to Present at Maxim Group Investor Conference.. November 9th, 2010 CNW Group: CIBT Education Group Inc.. (NYSE AMEX: MBA) (TSX: MBA) ( CIBT or the Company ).. reports that its President and CEO, Toby Chu, will be presenting at the fourth annual Maxim Group Growth Conference to be held on November 17, 2010 at the Grand Hyatt New York.. The Conference is a senior level, interactive conference experience designed to meet  ...   clients with gaining an in-depth perspective on the issues affecting the growth of presenting companies, the conference will also feature a series of panel discussions, a networking lunch and post conference cocktail reception.. For more information regarding the conference please click the following link:.. http://www.. maximgrp.. com/growthconf/pcompanies.. php.. In 2008, the Irix Design Group was ranked 15th in the list of biggest ad agencies in Greater Vancouver by the Business in Vancouver newspaper..

    Original link path: /news/20101109.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Expands Global Learning Centers with Major Universities in Vietnam.. November 8, 2010 CNW Group: CIBT Education Group Inc.. is pleased to announce that its subsidiary, Sprott-Shaw Community College, has established co-operative joint program agreements with several state owned universities in Vietnam to expand the Company’s growing English language and medical English training, allied health and travel tourism management programs, and student recruitment initiatives for studying in Canada.. The new partners are five reputable universities and college with aggregated student bodies of over 150,000 and with substantial infrastructure.. The agreements require the development and implementation of English language related programs to better prepare the students for enrollment in CIBT’s career and degree granting programs to be deployed in stage 2 of the Company’s expansion plan.. The programs to be implemented, such as health care training,  ...   its English language curriculum into the compulsory programs offered at these universities and college.. CIBT’s Global Learning Centers will be installed at these institutions, which will allow live-interactive teaching by North American instructors through video conferencing technology and on-line support.. The agreement also requires an exclusive enrollment system, which will only accept the highest achievers from these institutions, for transfer into Sprott-Shaw’s program in Canada.. To fully capitalize on the growth in Asia, these agreements will ultimately lead to the development of full program offerings for other Sprott-Shaw and KGIC diploma and degree programs at these institutions.. The co-operative joint program agreements were signed by Sprott Shaw with the following institutions:.. Institution.. City.. Hanoi Open University.. Hanoi.. Hanoi Tourism College.. Hanoi Medical University.. Ho Chi Minh City Open University.. Ho Chi Minh City.. Thang Long University..

    Original link path: /news/20101108.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Expands Program Delivery Network in China.. November 1, 2010 CNW Group: CIBT Education Group Inc.. is pleased to announce that it has established an agreement with an additional 26 institutions in China to expand the Company’s growing hotel and tourism division.. These new partners require trade schools, hotel chains, and education consulting companies.. The agreements range in scope from providing professional certification for the American Hotel Lodging Association program, hotel management programs, hospitality English training programs, and 2+2 degree programs in hospitality management.. CIBT has signed co-operative joint program agreements with the following institutions spanning 14 cities in 10 provinces:.. Province.. Youli Education Consulting Co.. Ltd.. Changsha.. Hunan.. Sichu  ...   Second Foreign Language Institute China-Swiss Hotel Management College.. Beijing.. Shanghai Yujing Hotel.. Flagship (Hong Kong) International Hotel Training Co.. Beijing Kairui Hotel Management Co.. Jinxiu Qiancheng Education Consulting Co.. Chongqing.. Beijing Fengtai District Worker s College.. Zhuhai International Business Training School.. Zhuhai.. Guangdong.. Beijing Xiangjiang Fortune Hotel Co.. Kuning Maisi Communications Co.. Kunming.. Yunnan.. IHTTI Swiss Hotel Management Institute.. Nanning Vocational College.. Nanning.. Guangxi.. Beijing Holiday Inn Downtown Hotel.. Gloria International Hotel Management Co.. Beijing Broadcasting International Hotel.. Hongkong Xinyue International Hotel Management Co.. Inner Mongolian Textiles Trade School.. Chi Feng CIty.. Inner Mongolia.. Li Jing Wan Hotel.. Yang Tian Hu Villa.. Ningbo City.. Zhejiang.. Guangzhou CanAm Consulting Co.. Guangzhou City..

    Original link path: /news/20101101.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT to Present at Investor Conference.. October 27th, 2010 CNW Group: CIBT Education Group Inc.. reports that its President and CEO, Toby Chu, will be presenting at the fourth annual Signal Hill Education Investor Conference to be held on November 10, 2010 at the Renaissance Harborplace Hotel in Baltimore.. The conference will preview 2011 trends and outlooks from leading public and private companies in the education market and will feature company presentations, breakout sessions, one-on-one investor meetings and keynote presentations from industry experts.. Also on the agenda will be panel discussions that will address key topics and emerging trends in the for-profit education market: Regulatory Affairs, Accreditation, ESEA Reauthorization, and Post-Secondary Software.. CIBT is  ...   and Chinese accredited business and management degree programs, college preparation programs, automotive maintenance programs, IT programs, hotel management and tourism programs, language training and certification programs and career/vocational programs.. Its subsidiaries, CIBT School of Business China, King George International College, King George International Business College, and Sprott-Shaw Colleges, which is comprised of Sprott-Shaw Degree College, Sprott-Shaw Community College (established in 1903) and Sprott-Shaw International Language College, possess a combined operating history of over 136 years in China s and Canada s education sectors.. In addition to its wholly-owned subsidiaries, CIBT is the exclusive licensee for the American Hotel Lodging Association Educational Institute (ALHA-EI) in China and the Philippines and the WyoTech Institute for China..

    Original link path: /news/20101027.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT to Establish Global Learning Center at Northeastern State University.. October 12th, 2010 CNW Group: CIBT Education Group Inc.. is pleased to announce that it has established an agreement with Northeastern State University ( NSU ) of Oklahoma to establish a CIBT Global Learning Center ( GLC ) at NSU s campus.. In addition, parties are working towards articulation and program delivery agreements to offer transfer credits and student exchange programs so that students from CIBT subsidiaries in Asia and Canada can further their studies at NSU.. This latest initiative exemplifies CIBT s expansion plans for implementing its GLC model into North America s non-profit state owned universities to enable a seamless bridging system between CIBT's Asia operations and North American institutions.. CIBT will establish a GLC at Northeastern State University s campus that will allow Asian students to initiate their international studies at one of CIBT's overseas campuses located in China, the Philippines, Vietnam, and South Korea, and then transfer their earned credits to one of the GLCs located inside NSU’s campus in Oklahoma, and ultimately enroll in one of NSU's degree programs to earn an NSU degree.. Currently, CIBT has over 20 GLCs operating in various Asian countries and a broadcasting studio in Beijing, China from which courses are delivered to the GLCs.. The Company plans to continue expanding its network of GLCs in China and select countries in Asia, as well as establishing GLCs within strategic US and Canadian partner sites located in the western, central and eastern parts of North America.. Its GLCs are equipped with state of art video conferencing equipment allowing Asian students to communicate live with western instructors through  ...   as a prerequisite for success in the global knowledge worker era.. The GLC technology linked with NSU’s programs and focus on student success will encourage CIBT’s Asian students to complement their studies in their home countries with continuing studies at NSU in order to complete their degrees.. This level of collaboration will create unique opportunities for students and for cross-cultural learning which will serve the students’ career and life-long learning interests.. About our Global Learning Centers:.. CIBT s Global Learning Centers provide a unique approach to distance learning.. Leveraging the use of cutting edge video conferencing technology and light fibre internet speeds, students can interact live with instructors over different continents without having to study abroad.. The GLC network will increase CIBT s scalability and mobility to expand rapidly across Asia and North America.. Built on the premises of local universities, these centers will also provide the basis for forming closer alliances with the host university, including the academic credit exchange of degree programs.. About Northeastern State University:.. The oldest institution of higher learning in the state of Oklahoma and one of the oldest institutions of higher learning west of the Mississippi River, Northeastern State University was established in 1851, with its main campus located in Tahlequah, Oklahoma, and two other campuses in Muskogee and Broken Arrow, Oklahoma.. NSU is the fourth largest university in Oklahoma with 900 staff members and a graduating class of 1,813 students during the past academic year.. The university currently enrolls 9,261 undergraduate and graduate students.. NSU offers 69 undergraduate degrees, 18 graduate degrees, and 13 pre-professional programs in five colleges (Business Technology, Liberal Arts, Education, Optometry, and Health Science Professions)..

    Original link path: /news/20101012.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT to Launch Global Learning Centers Across Asia.. October 4th, 2010 CNW Group: CIBT Education Group Inc.. is pleased to announce the launch of the Company’s Global Learning Centers ( GLC ), a video-conference based learning platform and education distribution network.. The GLC network will allow CIBT and its Asia based academic partners the ability to distribute Western education programs through real-time video conferencing in multiple locations across Asia, including countries such as China, South Korea, Vietnam, the Middle East and the Philippines.. The educational programs will be broadcast to multiple GLC locations from a centralized broadcasting studio in Vancouver and Beijing, from where CIBT instructors can teach courses ranging from English language programs to degree level programs.. The GLC network will enable CIBT the scalability to disseminate programs to the Asian mass market, as well as the seamless export of real-time video lectures and live interaction between Western-based professors and students in Asia.. The efficiency of the instruction delivery method will benefit students in the form of lower tuition fees, and live and interactive communications, while providing them with better access to highly sought-after advanced programs from Western countries.. The platform will also allow Chinese academic partners to deliver Chinese language programs to CIBT’s GLC locations in North America.. Traditionally, on-line learning has not been popular  ...   a new school.. Programs to be offered at the Global Learning Center require English as a Second Language (ESL), TESOL English Teaching Diploma, business, hospitality management, and customized corporate training programs.. The GLC platform will be gradually expanded to many cities and countries in Asia and North America.. We have been operating the GLC platform on a pilot basis for nearly two years with excellent survey results from over 300 Chinese students and Canadian/US teachers , commented Toby Chu, President, CEO and Vice Chairman of CIBT.. During the past two years, we enhanced our platform, re-aligned our course schedules, expanded our delivery infrastructure and increased student interest.. We feel that the GLC platform will allow CIBT to reach out live and interactively to Asia’s massive student market and achieve excellent learning results without incurring significant capital and start-up costs.. Its subsidiaries, CIBT School of Business China, King George International College, King George International Business College, and Sprott-Shaw Colleges, which is comprised of Sprott-Shaw Degree College, Sprott-Shaw Community College (established in 1903) and Sprott-Shaw International Language College, possess a combined operating history of over 136 years in China's and Canada’s education sectors.. has filed a registration statement on Form F-1, including a preliminary prospectus (the "Preliminary Prospectus"), with the SEC for the offering to which this press release relates..

    Original link path: /news/20101004.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Establishes Job Placement Call Centers in the Philippines.. September 20th, 2010 CNW Group: CIBT Education Group Inc.. reports that it has devised plans and is establishing a full scale job placement call center in Manila, Philippines.. The call center will be an integral part of CIBT operations to serve its subsidiary schools: CIBT School of Business in China, Sprott-Shaw group of colleges and KGIC international colleges in Canada.. The call center will actively seek out potential employers to showcase the Company s graduating students and match them up with prospective career opportunities.. Call center operators will contact the human resources departments of all multinational companies to ascertain their hiring needs and then follow up with a list of video resumes professionally prepared by CIBT to showcase the Company s graduates.. This  ...   also provide call-center training to our operators, while generating employment opportunities for graduates of our call center operator program.. By utilizing the cost effective labor and resources in the Philippines to create employment opportunities for our graduates in China and North America, we are adding value to our students as well as to our schools across the system.. As part of our ongoing effort to assist our students in finding jobs post-graduation, the Company is actively investing in infrastructure to fulfill our commitment to being a results-oriented institution , commented Toby Chu, Vice Chairman and CEO of CIBT.. We feel that by investing in the future of our graduates, we are investing directly into the future of our schools and fulfilling the objective of meeting our students needs from Enrollment to Employment..

    Original link path: /news/20100920a.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Withdraws SEC Registrant Filing.. reports that it has withdrawn its registration statement filed with the SEC on a Form F-1 as a result of current market conditions.. The withdrawal will become effective on the date of filing subject to any comments from the SEC within 15 days after filing.. Our strategy for pursuing the financing was for expansion purposes.. However, we believe that we must  ...   company.. Current market conditions are such that we believe the level of dilution to shareholders from the financing outweighs the benefits to be gained from the completing a financing at this time.. As the company continues to hold over $10 million in cash, we feel that it is prudent to raise new equity only if market conditions improve, commented Toby Chu, Vice Chairman and CEO of CIBT..

    Original link path: /news/20100920.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Files Registration Statement with SEC.. July 19th, 2010 CNW Group: CIBT Education Group Inc.. (NYSE AMEX: MBA) (TSX: MBA) (the Company ).. reports that further to its news release dated November 18, 2009, it filed a registration statement on a Form F-1 on July 15, 2010 with the United States Securities Exchange Commission.. The registration statement is available via the following link:.. gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001123870&owner=require&count=40..

    Original link path: /news/20100719.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Appoints New Audit Committee Chair.. July 7th, 2010 CNW Group: CIBT Education Group Inc.. reports that effective immediately, Mr.. Troy Rice has been appointed Chairman of the Audit Committee, replacing Mr.. Jack Brozman, who has resigned from the Board effective July 5th, 2010 due to personal reasons.. Mr.. Rice is a Certified Public Accountant who began his career as an accountant with Deloitte Touche and has served as Chief Financial Officer with several companies in  ...   PetSmart, Universal Technical Institute, and Comfort Systems USA.. Rice has an undergraduate degree in accounting from the University of Iowa and an MBA from the W.. P.. Carey School of business at Arizona State University and is a Certified Public Accountant.. In addition to serving as independent director and Chairman of the Audit Committee, Mr.. Rice will be assisting the Company to oversee the SOX compliance implementation process, IFRS preparation, and the Company s Form F1 documentation..

    Original link path: /news/20100707.php
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    Archived pages: 358