VANCOUVER, Aug. 27 /CNW/ - CIBT Education Group Inc. (AMEX: MBA; TSX.V:
MBA) is pleased to report that its subsidiary Sprott-Shaw Degree College
("SSDC"), has signed a letter of intent with Quest University Canada ("Quest")
located in Squamish, BC to manage the University's administrational and
financial functions. A formal agreement is being prepared at this time.
The letter of intent encompasses a number of services for CIBT Group to
provide to Quest including management of the University's operations and
future recruitments. This will enable Quest to focus on delivering its
exceptional academic curriculum and increasing the quality of the student life
experience on Quest's beautiful campus surrounded by some of the best
recreational opportunities in Canada.
Additionally, certain academic and administrative expenses will be
consolidated with other SSDC colleges to reduce costs, increase enrollment and
ultimately increase efficiency by sharing resources across the CIBT Group. Mr.
Dean Duperron, President of Sprott-Shaw College, has been appointed
Interim-President of Quest.
"This is an excellent collaborative project between the CIBT and
Sprott-Shaw Group of Colleges and Quest University," commented Mr. Toby Chu,
Vice-Chairman, President and CEO of CIBT Education Group. "Working together
with Quest University allows all parties to focus on their specific strengths,
namely our international education network and Quest's delivery of educational
"Quest devoted the majority of its efforts to developing an outstanding
innovative curriculum and creating a unique student life experience for its
students pursuing courses on the block program," commented Dr. Michael
Gibbons, Chairman of the Board for Quest University Canada. "We welcome SSDC's
ability to provide administrative and financial support more efficiently and
cost effectively than is possible for a small academic institution and we are
excited about being able to draw upon the global reach of CIBT's recruitment
About Quest University Canada:
Quest University, established by Special Charter in British Columbia's
Legislative Assembly, was founded in 2002. Offering programs in the Arts and
Humanities, Social Sciences, Life Sciences and Physical Sciences, Quest's
liberal arts and science education program focuses on delivering academic
excellence at the undergraduate level. Quest is situated on an $80 million
dollar campus featuring facilities such as a state of the art library equipped
with wireless internet as well as a newly built recreation centre which
includes a gymnasium, tennis courts, fitness centre and many other amenities.
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 47 business and language colleges
with a presence in Canada, China, Vietnam, Jordan and the Philippines.
CIBT Education Group Inc.
President & CEO
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