CIBT Acquires Assets of Career and Language Training Schools



    VANCOUVER, Sept. 2 /CNW/ - CIBT Education Group Inc. (AMEX:   MBA; TSX.V:
MBA) is pleased to report that it has entered into an agreement with Concordia
Career College and Modus International Language Institute (collectively
"Concordia Group") of Vancouver, BC to acquire all the revenue, fixed assets,
licensing rights, and intellectual properties. The closing date of this
transaction is September 4th, 2008.
    Concordia and Modus are both established career and English language
schools with a special focus on the Korean, Japanese and Latin American
markets. Students from the Concordia Group will be merged into Sprott-Shaw
International Language College ("SSILC"), a subsidiary of Sprott-Shaw Degree
College, part of the CIBT Group. SSILC, Concordia and Modus will be merged
into two operations and combined resources will be shared across the CIBT
Group of schools. Through the recruitment channels of Concordia, the company
will have access to delivery and recruitment networks in Korea, and Japan.
    "The acquisition of Concordia and Modus has two strategic objectives,"
commented Toby Chu, Vice Chairman, President and CEO of CIBT Education Group
Inc. "Firstly, to maximize resources in order to reach critical mass, and
achieve efficiency for our language college, Sprott-Shaw International
Language College, and secondly, to tap into the recruitment network (both
domestically and abroad) for international students in Korea, Japan and
certain Latin American countries. Ultimately, it is our corporate objective to
establish a campus presence in these countries."
    "We are excited to become a member of Sprott-Shaw Community College and
CIBT Education Group Inc.," commented David Kang, President and CEO of
Concordia Career College and Modus. "With solid supporting infrastructure and
financial backing, we look forward to expanding our international recruitment
channels and exporting of our education services to international students
globally."

    About Concordia Career College:

    Concordia Career College provides its students with the skills and
abilities for successful language learning and career training, therefore
guiding its students towards a more fulfilling and enriched career path.
Concordia Career College collaborates with businesses, the community, and
other educational institutes, to provide students with the best knowledge,
training, and opportunities. Concordia College is a registered member of PCTIA
(Private Career Training Institutions Agency).

    About Modus International Language Institute:

    "Modus", in Latin meaning "the way", was established in 1997 with the
goal of creating a high-quality, friendly and professional school. Modus
achieved much of its success from its fine faculty of teachers who provide
clear explanations, interesting information, useful corrections, and personal
counseling to its students. Over the years, Modus has established long term
working relationships with government offices such as Citizenship and
Immigration Canada. Modus is a registered of member of TEAL - A professional
association for Teachers of English Language Learners and the Canadian
Education Centre Network (CEC). Modus is also the official testing site for
TOEIC Testing Centre and Cambridge Testing Centre.

    About CIBT Education Group Inc.:

    CIBT is an education management and investment company with a special
focus on the global education market. Its subsidiaries, CIBT School of
Business & Technology Corp., Tourism Training Institute and Sprott-Shaw Degree
College Corp., 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. 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 to over 50 CIBT teaching locations
in China by 2010 and to establish schools in other parts of Asia including
South Korea, Thailand, Malaysia and India.

    
    CIBT Education Group Inc.

    "Toby Chu"

    Toby Chu
    President & CEO
    

    Legal Notice Regarding Forward-Looking Statements: "Forward-looking
Statements" as defined in the Private Securities Litigation Reform Act of 1995
may be included 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.

    
    The TSX Venture Exchange and the American Stock Exchange 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.
    

    %SEDAR: 00005933E




For further information:

For further information: Investor Relations Contact: N. America Toll
Free: 1-800-574-0901*, Email: info@cibt.net

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CIBT EDUCATION GROUP INC.

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