VANCOUVER, June 19 /CNW/ - CIBT Education Group Inc. (NYSE Amex and TSX.V
symbol: MBA) is pleased to report that it has signed an agreement with
National Cambridge College ("NCC") to install a CIBT Education Center in
Seoul, South Korea.
National Cambridge College will assist in CIBT's expansion by introducing
and teaching CIBT's International Foundations Program to students in South
Korea. Students will initiate their studies in South Korea and upon completion
of the program will have the opportunity to continue their studies abroad at a
CIBT partner university overseas.
"We are very excited about this latest initiative in our continued global
expansion", commented Toby Chu, Vice Chairman and CEO of CIBT Education Group.
"South Korea has been one of the fastest growing countries in Asia for
decades. Students in South Korea are eager learners; South Korea has one of
the world's highest percentages for college and university enrollments on a
per capita basis. Our partnership with National Cambridge College will allow
us to leverage our geographical presence in South Korea by delivering our
International Foundations Programs to Korean students and exporting these
students to Canada, the United States, and any one of our 30 university
partners in seven English speaking countries around the globe."
About National Cambridge College
National Cambridge College is a language institute working directly with
a global network of Canadian and Australian educational institutions including
CIBT Education Group. Based on its international marketing network, NCC has
cooperative relations with over 90 institutions in over 10 countries including
Canada, Australia, New Zealand, China, Japan, the United States, and the
United Kingdom. NCC offers English training as well as test preparation
programs for the IELTS exams. NCC is also the only authorized PathWays test
center in South Korea.
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