The agreement with Thang Long University outlines the development of programs aimed at preparing Vietnamese nursing graduates with the skills required to be proficient in English, as well as the training required to meet or exceed international nursing standards and the ability to work abroad.
The MOU outlines the general business terms, milestones, and terms and conditions for the Licensee to establish several business, vocational and language training schools in Vietnam using the brands CIBT and Sprott-Shaw. The MOU also allows for the Licensee to offer selected programs at campuses in Vietnam, promote and recruit students from Vietnam to
"We are very pleased with the latest developments in pursuit of our global expansion strategy, which will increase our economies of scale, expand our network, and extend our outreach to emerging economies. Our global distribution network enables us to export western education content to our overseas campuses, while attracting international students to study at our domestic campuses to gain valuable learning experience abroad", commented
CIBT Education Group Inc. "Toby Chu" Toby Chu Vice-Chairman, President and 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.
Neither the NYSE Amex nor the TSX Venture Exchange or its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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: 00005932E
For further information: Investor Relations Contact: N. America Toll Free: 1-800-574-0901*, Email: [email protected]
Share this article