Year: 2009

Stay up to date

Keep up to date with the latest CIBT developments through our most recent news.

CIBT Signs Letter of Intent with KGIC Education Group

December 18, 2009

December 18, 2009 CNW: CIBT Education Group Inc. (NYSE Amex & TSXV symbol: MBA) is pleased to announce that it has entered into a Letter of Intent with KGIC Education Group (“KGIC”) of Vancouver, British Columbia to acquire all of the assets of KGIC. The parties will conduct legal and accounting due diligence reviews while the formal purchase agreement is being prepared. The acquisition is slated for closing in early 2010. Details of the transaction will...

Read more

CIBT Reports Fiscal 2009 Results

December 3, 2009

December 3rd, 2009 CNW Group: CIBT Education Group Inc. (the “Company”) (NYSE Amex & TSXV symbol: MBA) is pleased to report its audited fiscal 2009 operating results for the year ended August 31, 2009. For the twelve months ended August 31, 2009, the Company’s revenues totalled $44.55 million dollars as compared to $32.33 million for the fourteen months ended August 31, 2008, an increase of 38%.  The Company generated EBITDA (earnings before interest, tax, depreciation and...

Read more

CIBT Adds New Location in Vietnam

November 23, 2009

November 23rd, 2009 CIBT Education Group Inc. (the “Company”) (NYSE Amex & TSXV symbol: MBA) is pleased to report that its subsidiary, Sprott-Shaw Degree College Corp (“SSDC”) has signed a Memorandum of Understanding (“MOU”) with Hanoi Tourism College (“HTC”) located in Hanoi, Vietnam. The MOU outlines a number of initiatives as follows: To jointly develop localised programs aimed at providing Vietnamese graduates with an International standard of English proficiency and the necessary skills to meet the...

Read more

CIBT to File Prospectus to Raise US$15 Million in Registered Share Offering

November 18, 2009

November 18, 2009 CIBT Education Group Inc. (the “Company”) (NYSE Amex & TSXV symbol: MBA) is pleased to report that it has entered into a joint engagement letter with two U.S based investment firms (the “Underwriters”) recording the intention of the parties to raise US$15 million dollars from accredited and institutional investors only by way of a registered offering of common shares of the Company. In accordance with US securities laws, the registered offering can only...

Read more

CIBT to be featured on BNN

November 12, 2009

CIBT Education Group Inc. (NYSE Amex & TSXV symbol: MBA) reports that the company president and CEO, Mr. Toby Chu will appear on Business News Network (BNN) on Monday, November 16th, 2009 at 12:30pm EST (9:30am Pacific) to discuss CIBT’s overseas expansion initiatives and the demand for western education in Asia. The theme of the program is “Exporting Education”. A recorded session will be available on the company’s website at www.cibt.net after the interview. Business...

Read more

CIBT Education Group Closes First Tranche of Non-Brokered Private Placement

November 4, 2009

November 4th, 2009: CIBT Education Group Inc. (NYSE Amex & TSXV symbol: MBA) is pleased to report that it has closed the first tranche of the Canadian non-brokered private placement reported in the company’s news release of October 27, 2009. Under the first tranche closing, the company has raised $2.1 million by the issuance of 3 million common shares (without share purchase warrants) at a price of $0.70 per share. The company has incurred finder’s fees...

Read more

CIBT Education Group Negotiates Non-Brokered Private Placement

October 27, 2009

October 27, 2009: CIBT Education Group Inc. (NYSE Amex & TSXV symbol: MBA) is pleased to report that, subject to TSX Venture Exchange approval, it has negotiated a non-brokered private placement to raise $3 million by the issuance of common shares (without share purchase warrants) at a price of $0.70 per share. The financing will be undertaken with several purchasers including institutional investors. Finder’s fees will be payable in connection with a portion of the financing....

Read more

CIBT Forms Partnership with the Largest University in China

October 19, 2009

October 19th, 2009 CIBT Education Group Inc. (the “Company”) (NYSE Amex & TSXV symbol: MBA) is pleased to report that it signed a memorandum of understanding (“MOU”) on October 16, 2009 with China Central Radio and Television University (“CCRTVU”) in Beijing. The MOU with CCRTVU outlines the development of programs that will incorporate course content from CIBT China, Sprott-Shaw Community College (Canada) and the American Hotel and Lodging Association - Education Institute (U.S.A) into CCRTVU’s programs....

Read more

CIBT Expands to Vietnam

September 28, 2009

September 28th, 2009 CIBT Education Group Inc. (the “Company”) (NYSE Amex & TSXV symbol: MBA) is pleased to report that its subsidiary, Sprott-Shaw Degree College Corp (“SSDC”), has signed a memorandum of understanding (“MOU”) with a Canadian investment holdings company (“the Licensee”) to license the brands CIBT School of Business and Sprott-Shaw Community College in Vietnam. Through this Licensee, SSDC signed a Memorandum of Understanding with Thang Long University in Hanoi, Vietnam. The agreement with Thang...

Read more

CIBT’s Subsidiary to present in Beijing, China

September 14, 2009

September 14th, 2009 CIBT Education Group Inc. (the “Company”) (NYSE Amex & TSXV symbol: MBA) reports that Dean Duperron, President of Sprott-Shaw Community College, a subsidiary of CIBT Education Group has been invited to present at the 2009 International Forum on Open and Distance Education to be held from October 16th to 17th, 2009 in Beijing, China, organized by the China Radio Television University (“CRTVU”). For the past two decades, Mr. Duperron has earned a strong...

Read more

1 2 3 4