The term sheet outlines the business terms, conditions and other milestones, for the licensee to establish several businesses and vocational and language training schools in
"We are very pleased with this latest licensing arrangement as part of our global expansion strategy to increase our economies of scale, expand our network, and extend our outreach to emerging economies around the world. A global distribution network enables us to export our western education content to overseas campuses while attracting international students to study at our domestic campuses to gain experience learning abroad", commented
About CIBT Education Group Inc:
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, Tourism Training Institute (
CIBT Education Group Inc. "Toby Chu" Toby Chu Vice-Chairman, President & CEO
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
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.
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