VANCOUVER, June 23 /CNW/ - CIBT Education Group Inc. (NYSE Amex and TSX.V
symbol: MBA) is pleased to report that it has been ranked by Business in
Vancouver newspaper as one of the top 100 public companies in British
Columbia. In addition, CIBT was also ranked as one of Canada's fastest growing
companies by Profit Magazine.
Business in Vancouver is a weekly publication serving Greater Vancouver
since 1989. The rankings can be found in the June 23, 2009 issue of Business
in Vancouver or online at http://www.biv.ca.
Profit Magazine is a bi-monthly publication that has a strong history of
serving the entrepreneurial community since 1984. The rankings can be found in
the June 2009 issue of Profit Magazine or online at
"We are pleased to be recognized by two prominent business publications
in Canada for our rapid growth during the last few years," commented Toby Chu,
Vice-Chairman, President & CEO. "The company continues to strive towards rapid
expansion and to realize our vision of becoming a global education player by
providing advanced western education to students in emerging countries."
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 (Beijing),
and Sprott-Shaw Degree College Corp., 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 and Canada's education sectors. CIBT owns and operates a
network of business, technical and language colleges with presence at over 40
campuses and teaching locations including Australia, Canada, China, Jamaica,
Jordan, New Zealand, Netherland, the Philippines, South Korea, United Kingdom,
United States and Vietnam. CIBT delivers Western 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 and academic partnerships around the
world. CIBT Group also owns Irix Design Group, a leading 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.
CIBT Education Group Inc.
Vice-Chairman, 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, its Regulation Services Providers (as that term
is defined in the policies of the TSX Venture Exchange) and the NYSE Amex have
not reviewed and do no 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: Ed Cheung at (604)
871-9909 extension 318