Year: 2013

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

CIBT Unveils Plans to Develop Four Education Super Centers and Student Hotels in Greater Vancouver

October 4, 2013

October 4th, 2013 CIBT Education Group Inc. (TSX: MBA, OCTQX International: MBAIF) (“CIBT Group”) is pleased to announce that it has signed a memorandum of understanding to jointly develop an education super center called Global Education City. The Global Education City ("GEC") will be located in the Greater Vancouver Regional District in an ideal location near a proposed Skytrain station, in proximity to the airport and major roads to downtown Vancouver. As the first education super...

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CIBT Completes Sale of Canadian Language School Subsidiaries for $13.5 Million

September 18, 2013

Vancouver, Canada September 18th, 2013: CIBT Education Group Inc. (TSX: MBA/U.S OTCQX: MBAIF) (“CIBT Group”) is pleased to report that it has completed the sale of its subsidiaries King George International College & King George International Business College for $13.5 million. The purchase price was paid in cash and promissory note for $9.5 million on closing and $4 million six months from the closing date, both payments subject to certain adjustments. “We are pleased with our...

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CIBT Sells One of its Subsidiaries for $13.5 Million

September 3, 2013

Vancouver, Canada September 3 rd , 2013: CIBT Education Group Inc. (TSX: MBA/U.S OTCQX: MBAIF)(“CIBT” or “Company”) is pleased to report that it has signed a definitive agreement with Loyalist Group Limited (“Loyalist”) (TSXV.LOY) to sell one of CIBT’s subsidiaries, King George International College & King George International Business College (collectively “KGIC”), for $13.5 million, subject to certain adjustments. The purchase price in this all cash transaction is payable in two installments, $9.5 million on...

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CIBT Reduces Number of Shares Issued and Outstanding

August 19, 2013

August 19 th , 2013: (TSX: MBA / OTCQX: MBAIF) CIBT Education Group Inc.(“CIBT Group”) reports that it has cancelled 6,015,224 common shares which had been repurchased pursuant to normal course issuer bids. The total number of shares issued and outstanding becomes 65,934,120common shares, a decrease of 8% from 71,949,344 shares prior to the cancellation. “While the company has taken significant steps to streamline its operations to reduce cost while expanding its operations in the...

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CIBT Subsidiary to Establish Presence in California

July 5, 2013

June 5th, 2013: CIBT Education Group Inc. (TSX: MBA and OTCQX: MBAIF) (“CIBT”) is pleased to announce that it has signed a cooperation agreement with the English Centre of California Baptist University (“CBU”) located at their campus in Riverside, California. This cooperation agreement is in addition to the global recruitment arrangement signed with CBU that was announced in CIBT’s news release of May 27th, 2013. Under the cooperation agreement, CIBT’s wholly owned subsidiary, King George International...

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CIBT Ranked by The Globe and Mail’s Report on Business

July 2, 2013

July 2nd, 2013: (TSX: MBA / OTCQX: MBAIF) CIBT Education Group Inc. (“CIBT Group”) is pleased to report that the Company has been ranked No. 562 on the “Top 1000: Exclusive rankings of Canada’s most profitable companies” by The Globe and Mail’s Report on Business Magazine published on June 27, 2013. The companies being ranked are the 1,000 largest publicly traded Canadian corporations, measured by assets. Rankings are based on after-tax profits in the most recent...

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CIBT Education Group Inc. Ranked No. 128 on the 2013 PROFIT 500, and Toby Chu, CEO of CIBT Education Group Inc, featured in PROFITguide.com’s Manage/Grow-Success Stories

June 3, 2013

Vancouver, June 3rd, 2013, PROFIT Magazine ranked CIBT Education Group Inc. (TSX: MBA and OTCQX: MBAIF)(“CIBT”) No. 128 on the 25th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the Summer issue of PROFIT Magazine and online at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue growth over five years. CIBT Education Group Inc, an education management company focused on the global education market, made the PROFIT 500 list...

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CIBT Subsidiary adds Two Centers in Hangzhou

May 28, 2013

May 28 th , 2013: CIBT Education Group Inc. (TSX: MBA and OTCQX: MBAIF) (“CIBT Group”) is pleased to announce that its subsidiary, King George International College (“KGIC”), one of the largest private English training schools in Canada, has launched the 2nd and 3rd KGIC Education Centers (the “Centers”) in Hangzhou, China, following the launch of its Beijing KGIC Education Center. Hangzhou is located 180 kilometers southwest of Shanghai with population of 8.7 million and considered...

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CIBT Partners with California Baptist University

May 27, 2013

May 27 th , 2013: CIBT Education Group Inc. (TSX: MBA / OTCQX: MBAIF) (“CIBT Group”) is pleased to announce that its newly formed division, Global Education Alliance (“GEA”), has entered into an agreement with California Baptist University (“CBU”), under which GEA has been appointed as their global recruitment partner. CBU is a well regarded private comprehensive Christian University located in Southern California and offers undergraduate and graduate programs. CBU was ranked 38 university under the...

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CIBT Subsidiary Establishes Education Center in Beijing

May 21, 2013

May 21 st , 2013: CIBT Education Group Inc. (TSX: MBA and OTCQX: MBAIF) (“CIBT”) is pleased to announce that its subsidiary, King George International College (“KGIC”), one of the largest private English training schools in Canada, has completed the construction of its Beijing Education Center with plans to hold a grand opening ceremony in June 2013. The Beijing Education Center (the “Center”) will be KGIC’s launch pad for a series of education centers across China....

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