VANCOUVER, Aug. 5 /CNW/ - CIBT Education Group Inc. (AMEX: MBA; TSX.V:
MBA) is pleased to report that the Company has signed a cooperation agreement
with Far Eastern University (FEU), one of the largest healthcare universities
in the Philippines.
The cooperation agreement allows CIBT and Sprott Shaw Degree College
(collectively "CIBT") to establish a CIBT Education Center within the
facilities of Far Eastern University in Manila. The Center will teach Resident
Care Attendant and Practical Nursing programs using Sprott-Shaw's curriculum.
Students enrolled in these courses will have full access to all clinical
facilities, dormitory and other student services available at FEU. All courses
will be taught in English, which will ultimately prepare the students to seek
working opportunities in the international health care community. CIBT will
assist graduates in seeking employment opportunities in the healthcare sector
in Canada and the United States.
In addition, private hospitals in China are desperately looking for
English speaking and western qualified workers. CIBTs regional headquarters in
China will assist future graduates to apply for these positions in Asia and
North America. CIBT will also assist pre-qualified candidates in preparing for
licensing exams in Canada.
"We are excited to have established this location in the Philippines,
which is another step towards realizing our vision of expanding CIBT and
Sprott-Shaw's presence throughout Asia," commented Toby Chu, Vice-Chairman and
CEO of CIBT Education Group. "China and most parts of Asia are experiencing
significant growth, the baby boomer generation is aging and the standard of
living is improving. These factors are driving the healthcare industry, which
is expected to grow significantly in the coming decade. Our continued
initiatives and introduction to expand Canadian healthcare training to
emerging countries are receiving significant interest in Asia."
"This partnership with Sprott Shaw is a step toward fulfilling the
University's vision of preparing health care workers who are globally
competent while recognizing the fact that baccalaureate level training is not
the right path for everyone," commented Annabelle Borromeo, Dean of the School
of Nursing at FEU. "Those who choose the vocational approach, due to various
reasons, are given the opportunity and the world-class training to accomplish
their life's goals through this program of partnership with Sprott-Shaw."
About Far Eastern University:
Established in 1928 as an institute and gaining university status in
1933, FEU is a leading institution of learning in the Philippines with seven
major faculties including: accounting, business & finance, architecture & fine
arts, arts & sciences, education, nursing, law and graduate studies. With
approximately 30,000 undergraduate students FEU is a leading nursing program
trainer in the Philippines with a number of facilities including a campus
pavilion, auditorium, and conference 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 46 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.
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.
For further information:
For further information: Investor Relations Contact: N. America Toll
Free: 1-800-574-0901, Email: email@example.com