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  • 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 Named Top 5 Sino-Foreign Education Institute in China by Edu.. QQ.. com.. January 26th, 2009 CNW Group: CIBT Education Group Inc.. ( CIBT ) (NYSE Alternext TSXV symbol: MBA).. is pleased to report that its subsidiary, CIBT School of Business Beijing, ranked fifth in a listing of the Top 10 Sino-foreign Education Institutes in China for 2008 in a recent survey conducted by Edu.. com, a leading internet and information service portal in China.. This latest ranking comes in addition to CIBT being recognized as one of the top two international college preparation institutes in China by Sohu.. com, as reported in a news release published on January 21st, 2008.. Toby Chu, Vice-Chairman, President and CEO of CIBT commented, "As one of the longest established Sino-foreign education institutes in China, we are proud to be recognized by the mass student population in China as indicated by their online votes for CIBT.. We strive to continue delivering a top-notch education experience to all of our students.. ".. Results for the ranking can be found at.. http://vote.. qq.. com/cgi-bin/survey_project_stat?pjtId=18387 rq=yes.. About CIBT Education Group Inc.. CIBT is  ...   sectors.. CIBT owns and operates a network of business, technical and language colleges with presence at over 40 campuses and teaching centers including Canada, China, Vietnam, Jordan and the Philippines.. CIBT delivers North American and Chinese accredited business and management degree programs, automotive, and diesel maintenance programs, IT programs, travel and tourism programs and career/vocational programs through its network of campuses across China and Canada.. In 2006, CIBT initiated plans to aggressively expand its business presence across China and to establish schools in other parts of Asia including South Korea, Thailand, Taiwan, Hong Kong, Malaysia and India.. CIBT also owns Irix Design Group, a leading full service design and advertising company based in Vancouver, Canada.. In 2008, Irix Design was ranked 15th in the list of Biggest Ad Agencies in Greater Vancouver by the Business in Vancouver newspaper.. Toby Chu.. Toby Chu.. Vice-Chairman, President CEO.. Investor Relations Contact: Ed Cheung N.. America Toll Free: 1-888-865-0901 extension 318 * Email:.. info@cibt.. net.. The TSX Venture Exchange and the NYSE Alternext US have not reviewed and do not accept responsibility for the adequacy or accuracy of this news release.. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction..

    Original link path: /news/20090126.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Beijing Ranks 2nd in Sohu.. com Poll.. January 21st, 2009 CNW Group: CIBT Education Group Inc.. (the Company ) (NYSE Alternext & TSXV symbol: MBA).. is pleased to report that its subsidiary CIBT School of Business - Beijing was recently ranked second in a listing of the Top 10 International College Preparation Institutes in China , from polls conducted by Sohu.. com, a leading web portal in China.. CIBT received more than 200,000 votes, behind only Beijing OZ Enrolment Centre of International Education, which is the largest overseas studies agency in China.. Sohu.. com conducted its survey through its website and solicited votes from millions of online users.. Sohu provides information and a network of web communities to the vast online market in China providing users with a wide selection of news and digital information.. Toby Chu, Vice-Chairman, President & CEO of CIBT commented, We are pleased to be recognized by hundreds of thousands  ...   Toll Free: 1-800-574-0901* Email:.. Legal Notice Regarding Forward-Looking Statements: "Forward-looking Statements" as defined in the Private Securities Litigation Reform Act of 1995 may be required in this news release.. These statements relate to future events or CIBT's future financial performance.. These statements are only predictions and may differ materially from actual future results or events.. CIBT disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise.. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of CIBT's competitors, the extent to which CIBT is able to develop new services and markets for their services, the time and expense involved in such development activities, the level of demand and market acceptance of their services and changes in our business strategies..

    Original link path: /news/20090121.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Reports First Quarter Results.. January 19th, 2009 CNW Group: CIBT Education Group Inc.. (the "Company") (NYSE Alternext TSXV symbol: MBA).. is pleased to report its fiscal 2009 first quarter operating results (unaudited) as of November 30th 2008.. On June 26th, 2008, the Company changed its fiscal year end from June 30th to August 31st to coincide with the fiscal year end of the Company's major operational subsidiary, Sprott Shaw Degree College Corp.. ( SSDC ), which was acquired in December 2007, and to coincide with the fiscal year end date most commonly used in the education industry.. Also, as a result of the acquisition of SSDC, effective September 1st, 2008, the Company changed its reporting currency from US dollars to Canadian dollars, which is the functional currency used by SSDC, due primarily to SSDC's financial contribution to the operations of the Company.. OVERALL PERFORMANCE.. For the first quarter ending November 30, 2008, the Company s gross revenues totalled $10.. 521 million dollars as compared to revenues of $3.. 117 million for the quarter ending December 31, 2007, an increase of 238%.. The Company generated an EBITDA (Earnings Before Interest Taxes Depreciation Amortization) of $767,820.. Adjusting the EBITDA for Stock-Based Compensation, a non-cash expense item that has no impact on the Company s operating cash flow, would result in an adjusted EBITDA of $984,775 for the first quarter of fiscal 2009.. Total Net Income, inclusive of all non-cash expenses, for the first quarter ending November 30, 2008 was $149,669.. Using an EBITDA analysis allows management to isolate financial statement items that contribute to the changes in income (loss) figures.. As of November 30, 2008, the Company s cash position increased to $13.. 082 million as compared to the Company s August 31, 2008 fiscal year end cash position of US$10.. 932 million.. As of November 30, 2008, CIBT s total student enrollment was 3,064  ...   was due to organic growth and the acquisition of Concordia Career College and Modus International Language Institute.. Revenue per student in Canada is consistent with prior periods with a marginal decrease due to new student enrollment integration as a result of the acquisitions.. SSDC s business strategy is to increase its international student population by focusing on language schools, which typically provide lower revenue per student, with the expectation that these international students will ultimately transfer their course studies to the diploma and degree programs that provide higher revenue per student upon completion of their language studies in Canada.. By broadening the language student body, SSDC s strategy is to increase its revenue source from international students instead of generating the majority of its revenue from the domestic market.. The objective is to create a feeder system that will supply international language students to SSDC s premium (diploma and degree granting) courses.. Gross revenues for IRIX for the three months ending November 30, 2008 were $518,810 compared to $547,042 for the three months ending December 31, 2007, representing a decrease of 5%.. IRIX s operating margin was 51% for the three months ending November 30, 2008 compared to 33% for the three month period ending December 31, 2007.. Operating margin as a percentage increased considerably by 55% despite the 5% decline in revenue.. Due to higher margin and lower general and administrative expenses, IRIX s EBITDA was $82,564 for the three month period ending November 30, 2008 compared to $13,481 for the three month period ending December 31, 2007.. IRIX generated a net income of $75,280 before inter-corporate fees of $4,025 for the first quarter as compared to a net income of $5,546 for the three month period ending December 31, 2007, representing an increase of 1,770%.. To view the Company s financial statements and management s discussion and analysis, please visit.. www.. sedar..

    Original link path: /news/20090119a.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Subsidiary Takes Over Students from Pan Pacific English College.. (NYSE Alternext and TSX.. V symbol: MBA) ("CIBT").. announces that its subsidiary, Sprott-Shaw International Language College, has taken over the entire student body enrolled at Pan Pacific English College located in Victoria BC effective immediately.. All Pan Pacific students will continue with their studies by enrolling in programs offered throughout CIBT's system of schools including Sprott-Shaw Community College and Sprott-Shaw Degree College.. CIBT's objective is to ensure that these students experience little or no interruption in their studies, and continue to receive  ...   CIBT will not assume any liabilities of Pan Pacific English College.. Sprott-Shaw will continue to pursue and expand into the Japanese and Latin American markets by leveraging on and utilizing Pan Pacific's strong existing presence in these markets.. Toby Chu, Vice-Chairman, President & CEO of CIBT commented, International students enrolled in ESL programs in Canada will naturally fit into our diploma and degree programs in our Sprott-Shaw subsidiary.. We will continue to seek takeover opportunities in other international language schools across Canada and Asia to continue to build and strengthen our feeder system..

    Original link path: /news/20090119.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Adds 9 New Partners Teaching Locations across China.. January 15th, 2009 CNW Group: CIBT Education Group Inc.. is pleased to report that its hotel and tourism division in China has signed cooperative joint program agreements with a number of education institutions and companies in China.. The agreements range in scope from providing professional certification, to course exchanges to ongoing training contracts.. The cooperation with various education partners across China provides CIBT's hotel and tourism division the network it needs to expand the company's presence into new markets in China, which may also serve as recruitment and job placement centers for other CIBT programs in the future.. CIBT has signed cooperative joint program agreements with the following institutions:.. Institutions.. City.. Province.. Guizhou China Tourism Education and Cultural Development Co.. Guizhou.. Guiyang.. Beijing International Education Institute.. Beijing.. Chongqing Prosperity Consulting.. Chongqing.. Guangzhou Ritz-Carlton Hotel Management Co.. Guangzhou..  ...   and tourism training division", commented Toby Chu, Vice-Chairman, President & CEO of CIBT.. "With a growing number of education partners progressively joining CIBT's education platform in northern, central and southern China, CIBT will be able to utilize this rapidly expanding network to not only establish new locations throughout China but also for future expansion to other countries in Asia using China as our Asia hub reaching out to other Asian countries via our satellite centers.. Its subsidiaries, CIBT School of Business & Technology Corp.. , which is comprised of Sprott-Shaw Degree College, Sprott-Shaw Community College (established in 1903), Sprott-Shaw International Language College, possess a combined operating history of over 118 years in China and Canada's education sectors.. CIBT owns and operates a network of business, technical and language colleges with presence at over 50 campuses and teaching centers including Canada, China, Vietnam, Jordan and the Philippines..

    Original link path: /news/20090115.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Reports Election of New Director.. January 9th, 2009 CNW Group: CIBT Education Group Inc.. reports that Mr.. Shane Weir was elected as a director at its recent annual meeting of shareholders.. He has also been appointed to the company's Corporate Governance Committee.. Mr.. Weir was qualified as a solicitor, barrister and notary public in Canada in 1978, and has since been admitted to the bar as a solicitor in Wales, England, and in Hong Kong.. He established the law firm Weir & Associates in Hong Kong in 1985 with a business presence in Shanghai, China.. The firm specializes in corporate law, property law, banking law and securities law.. Weir has lectured at the university level in both Canada and Hong Kong.. In addition to his legal practice, Mr.. Weir is an active participant in the Hong Kong and China business communities.. He is a member of the Hong Kong General Chamber of Commerce, Federation of Hong Kong Industries, The Canadian Chamber of Commerce, The Law Society of Hong Kong and the Hong Kong Computer Society.. He is also Hong Kong's national president of the World Jurist Association.. Weir also sits on the Executive Committee of the Management and Technology Committee of The Law Society of Hong Kong, the Standard and Development Committee of The Law Society of Hong Kong, the IT Committee of the Hong Kong General Chamber of Commerce and the IT Committee of the Canadian Chamber  ...   in Hong Kong licensed by the Hong Kong Securities and Futures Commission.. The company also reports that Mr.. Alfred Ng and Mr.. Prithep Sosothikul did not stand for re-election as directors, but will serve as Advisory Board Members and provide valuable input on the company's future strategic planning.. "As the company continues to expand its business presence into other parts of Asia including the Philippines, Thailand, India and Malaysia, Mr.. Weir's experience in Asia and North America, supplemented by his qualifications and training, will add tremendous value to the company's future planning and execution," commented Toby Chu, Vice Chairman and CEO of CIBT Education Group Inc.. "We would also like to extend our gratitude and appreciation to those departing directors, Mr.. Sosothikul and Mr.. Ng, for their support and services for the past decade.. Legal Notice Regarding Forward-Looking Statements: Forward-looking Statements as defined in the Private Securities Litigation Reform Act of 1995 may be required in this news release.. These statements relate to the filing of CIBT s annual financial statements and associated management s discussion and analysis.. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to the timing of the completion of the audit of CIBT s financial statements.. The TSX Venture Exchange and the NYSE Alternext have not reviewed and do not accept responsibility for the adequacy or accuracy of this news release..

    Original link path: /news/20090109.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Provides Update on Filing Status.. December 8th, 2008, CIBT Education Group Inc.. (NYSE Alternext US: MBA; TSX.. V: MBA).. wishes to inform its shareholders that the company will be filing its fiscal 2008 financial statements and associated management's discussion and analysis shortly.. During the past fiscal year, the company completed a number of acquisitions and financing activities.. The company also changed its fiscal year end from June 30th to August 31st in order to coincide with the fiscal year end of all of its  ...   in accounting, filing and disclosure requirements.. In addition to these changes, the company ceased to be a venture issuer in April 2008 upon the listing of its shares for trading on the American Stock Exchange (now NYSE Alternext), which accelerated the filing deadline of its annual financial report from 120 days to 90 days.. Management is working diligently with the company's auditors and accountants to ensure that the annual financial statements and management's discussion and analysis are filed in good standing as soon as possible..

    Original link path: /news/20081208.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Expands its Graduate Degree Program.. November 3rd, 2008 CNW Group: CIBT Education Group Inc.. (AMEX: MBA; TSX.. is pleased to report that it has launched its newly developed 1+1 Master Degree program in Beijing with excellent response.. Each year in China, approximately one million undergraduate students do not meet the rigorous standards of the National Entrance Examination and are faced with a limited number of entries to state owned universities, with the result that many students are unable to enter graduate studies.. By targeting this market, CIBT provides students with the opportunity to pursue a western graduate degree by taking one year of their studies in China and one year at an overseas accredited university.. This arrangement will minimize their cost of living overseas, and offer them an unparalleled learning experience, which will prepare them for their graduate studies when they commence their learning abroad.. CIBT s Master Degree Program begins with 6 to 12 months of study at CIBT s locations in China in conjunction with Beijing University of Technology.. The program focuses on economics, business principles, communication skills, and academic English.. Students will then attend either London Metropolitan University or Bango University in the United Kingdom for completion of their Masters program in business, management and finance.. Based on the successful completion of the program, graduates will receive a Masters degree s from these respective Universities following 9 to 11 months of study.. Annual tuition is approximately US$4,800 for the program in China, and approximately US$15,000 for studying abroad.. CIBT has been offering a joint MBA program in China for  ...   the two universities in the UK, a number of well-known universities from Australia, Canada and the USA are in discussions with CIBT to implement similar types of programs.. In the future, undergraduate and graduate students at CIBT Beijing will be able to choose a university in Europe, North America or Australia to complete their higher education after studying at CIBT.. :.. , which is comprised of Sprott-Shaw Degree College, Sprott-Shaw Community College, Sprott-Shaw International Language College, possess a combined operating history of over 118 years in China and Canada s education sectors.. CIBT owns and operates a network of 48 business and language colleges with a presence in Canada, China, Vietnam, Jordan and the Philippines.. In 2006, CIBT initiated plans to aggressively expand its business presence across China and to establish schools in other parts of Asia including South Korea, Thailand, Malaysia and India.. President & C.. E.. O.. These statements relate to future events or CIBT s future financial performance.. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of CIBT s competitors, the extent to which CIBT is able to develop new services and markets for their services, the time and expense involved in such development activities, the level of demand and market acceptance of their services and changes in our business strategies.. The TSX Venture Exchange and the American Stock Exchange has not reviewed and does not accept responsibility for the accuracy of this news release..

    Original link path: /news/20081103.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Establishes Academic Partnership with Vancouver Community College and Thompson Rivers University.. October 30th, 2008 CNW Group: CIBT Education Group Inc.. V: MBA) ( CIBT ).. is pleased to report that it has signed a Memorandum of Understanding with Thompson Rivers University ( TRU ) and Vancouver Community College ( VCC ).. Under the terms of the Memorandum of Understanding, students completing the two-year Business Administration and Computer Sciences programs with CIBT in China will be able to take their baccalaureate study at TRU after successfully completing a 9 to 12-month English upgrading and learning competency training program at Vancouver Community College.. In September 2008, CIBT s first group of students commenced their programs in Vancouver under this tripartite program, having completed their two year program at CIBT China.. After a decade of program development and expansion, CIBT China has established one of the largest overseas studies programs in China with an excellent track record and graduation rate.. As of September 30th, 2008, student enrollment in CIBT s 2+2 program alone totaled 1,054 students as compared to 853 students in 2007, and 512 students in 2006, which represents an average increase of 44.. 5% for the past two years.. These students will undertake two years of study in China at CIBT locations and transfer the remaining two years of their baccalaureate degree overseas, where they will earn a western degree upon graduation.. With a western degree, bilingual skills, overseas study and work experience, CIBT s graduates can expect to earn higher wages working for multinational corporations operating in China than graduates from domestic universities and colleges in China.. In the past, popular destinations for Chinese students to pursue their studies overseas required Australia and the United Kingdom.. With Canada s lower cost of living, moderate climate and multicultural society, students are now  ...   student enrollment at VCC while preparing Chinese students to complete their degree.. "Thompson Rivers University has long recognized the importance of a global education, particularly in today's competitive market place," said Cyndi McLeod, Associate Vice President, International Education, Training and Development at TRU.. "We are pleased to be working with CIBT and VCC to expand educational opportunities for Chinese students.. TRU looks forward to building on the quality education the students will receive at CIBT and VCC and are confident the graduates of this tripartite program will be well qualified to enjoy an incredibly successful future.. About Vancouver Community College.. Before being known as the Vancouver Community College, it was formerly the Vancouver City College.. VCC was established in 1965 by bringing the Vancouver Vocational Institute, the Vancouver School of Art, the Vancouver School Board's Night School Program and the King Edward Senior Matriculation and Continuing Education Centre under one name.. Vancouver Community College serves a diverse urban community by providing excellent programs and services that prepare learners for ongoing education, direct entry into employment, career advancement and greater participation in the community.. VCC offers programs in business, trades, health sciences and human services, hospitality, and technology at its two campuses, the Downtown Campus and the Broadway Campus, both of which are located in Vancouver, BC.. About Thompson Rivers University.. Founded in 1970 as Cariboo College and recognized as a provincial university in 2004, Thompson Rivers University consists of two campuses with one in Kamloops, BC, and the other in Williams Lake, BC.. TRU also has regional centres in various towns through BC including 100 Mile House, Ashcroft/Cache Creek, Barriere, Clearwater, and Lillooet.. Being British Columbia s newest university, with over 10,000 full-time and part-time students, TRU offers degree programs, trade & certificate programs, as well as continued education and career training programs..

    Original link path: /news/20081030.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Provides Enrolment Update and Forecasted Revenue for 2009.. October 7th, 2008 CNW Group: CIBT Education Group Inc.. is pleased to report that its total student enrollment across all education units increased by 80% as compared to the same period last year.. As of September 30th, 2008, student enrollment in CIBT’s 48 colleges in China, Canada, the Philippines, and Jordan totaled 6,172 students as compared to 3,420 students one year ago.. CIBT’s Weifang Wyotech campus, in Shandong province, experienced triple digit percentage growth with record enrollment figures since its inception in 2006.. One of the highest enrollment increases occurred in the Auto Technician program at CIBT Wyotech Automotive Institute in Weifang, China which achieved a 161% rate of growth over last year.. Based on current enrollments, new enrollments and moderate revenue growth projections, the company’s projected consolidated revenue for the fiscal year ending August 31, 2009 is estimated at approximately US$43.. 0 million as compared to fiscal June 2008’s US$26.. 7 million, an increase of 61%, and June 30th fiscal 2007’s US$8.. 2 million, an increase of 424%.. Contributing risk factors that can adversely affect the company’s forward-looking projected revenue figure for fiscal 2009 require but are not limited to student withdrawals, the ability to seek funding for education, a lower level of enrollment than anticipated in the company’s programs and government regulations on enrollment limits; accordingly, actual results may vary.. The purpose of this projection is to provide investors with guidance as to the anticipated consolidated revenue for the current fiscal year and may not be appropriate for other purposes.. The company’s cash on hand as of September 20th, 2008 exceeded C$10 million dollars with no long term debt.. The company plans  ...   that this program structure better enables quality delivery and cross cultural integration.. Additionally, students will receive overseas work and study experience, improved language skills, and ultimately better paying jobs working for multinationals in their home countries.. Our tuition rates are typically higher than our domestic competition in Asia, as we believe our program adds substantial value to our students for post graduate earning potential.. ".. "In addition, our strategy of exporting Sprott-Shaw’s century old experience and advanced western curriculum to Asia is progressing quickly and successfully, and provides an excellent feeder system to attract Asian students to initiate their studies at home and eventually complete their studies in North America," continued Mr.. Chu.. "We are excited to realize our vision of building Sprott-Shaw into a global college with both international and domestic students.. Our ultimate objective is to build a world class organization with an international perspective that encompasses quality curricula and provides our students with an unparalleled learning experience.. , which is comprised of Sprott-Shaw Degree College, Sprott-Shaw Community College, Sprott-Shaw International Language College, possess a combined operating history of over 118 years in China and Canada’s education sectors.. "Toby Chu".. President C.. These statements relate to future events or CIBT’s future financial performance.. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of CIBT’s competitors, the extent to which CIBT is able to develop new services and markets for their services, the time and expense involved in such development activities, the level of demand and market acceptance of their services and changes in our business strategies..

    Original link path: /news/20081009.php
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  • Title: CIBT Education Group
    Descriptive info: CIBT Reports Normal Course Issuer Bid.. October 9, 2008 CNW Group: CIBT Education Group Inc.. reports that the TSX Venture Exchange has accepted the filing of the company s notice of intention to conduct a normal course issuer bid to purchase up to 1 million of its common shares representing approximately 1.. 56% of its issued and outstanding share  ...   facilities of the TSX Venture Exchange, will expire on October 8, 2009 unless sooner terminated.. The share repurchase has been launched because management is of the view that the company s stock is currently undervalued.. Purchases will be made through Union Securities Ltd.. In the past 12 months, the company has repurchased 1.. 5 million of its common shares..

    Original link path: /news/20081008.php
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    Archived pages: 358