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CIBT Subsidiary Signs Program Offering Agreement with HBX, a division of Harvard Business School of Boston, MA

December 18, 2017

Dear Colleagues, Friends and Business Associates of CIBT Group and Subsidiaries:

We are pleased to report that our wholly owned subsidiary, Sprott Shaw College Corp., has entered into an agreement with HBX, the online initiative of Harvard Business School of Boston, MA, concerning the online provision of HBX courses to students at selected Sprott Shaw College and CIBT Group subsidiary locations in Canada and abroad. Plans for HBX programs include:

  1. Offering HBX programs via a facilitated distance learning model at certain Sprott Shaw College campuses;
  2. Integrating selected HBX courses into Sprott Shaw College’s business management programs;
  3. Working with domestic and international students to educate them on our programs.

“We are pleased to be working with a world class brand like HBX on this initiative,” commented Toby Chu, Chairman, President and Chief Executive Officer of CIBT Group.  “We are confident that with our distribution capabilities and international presence we will be able to bring Harvard Business School’s renowned HBX programs to a broad range of audiences in Canada and abroad including students at college, both at the undergraduate and graduate levels, working professionals and seasoned executives wishing to broaden their scope of knowledge.”

”HBX is delighted to be working with CIBT and Sprott Shaw College Corp.,” said Patrick Mullane, Executive Director of HBX. “Their deep knowledge of the Canadian market, ability to reach new prospective learners, and ability to integrate HBX courses into existing programs are excellent complements to HBX’s capabilities elsewhere in the world. We look forward to collaborating with them to provide educational opportunities to individuals who otherwise may never have had an opportunity to participate in a program from Harvard Business School.”

If you are interested to develop and represent this exciting opportunity for your region, please contact your designated advisor at Sprott Shaw College, Sprott Shaw Language College, VIC Vancouver International College, CIBT School of Business, Global Education Alliance, or Global Education City for details.

About CIBT Education Group:

CIBT Education Group Inc. is one of the largest education and student housing investment companies in Canada, focused on the global education market since 1994.  Listed on the Toronto Stock Exchange and U.S OTCQX International, CIBT owns business and language colleges, student housing properties, recruitment centers and corporate offices at 44 locations in Canada and abroad.  Total annual enrollment for the group exceeds 15,000 students.  Its education providers include Sprott Shaw College (established in 1903), Sprott Shaw Language College, Vancouver International College and CIBT School of Business.  Through these schools, CIBT offers business and management programs in healthcare, hotel management, language training, and over 150 career, language and vocational programs.  CIBT’s property investments are held by Global Education City Holdings Inc., an investment holding and management company focused on developing education related real estate such as student hotels, serviced apartments and education super centers totalling over $600 million.  CIBT also owns Global Education Alliance (“GEA”) and Irix Design Group (“Irix Design“). GEA recruits international students for many elite kindergarten, primary and secondary schools, colleges and universities in North America.  Irix Design is a leading design and advertising company based in Vancouver, Canada. Visit us online and watch our corporate video at www.cibt.net.

Toby Chu
Chairman, President and Chief Executive Officer
CIBT Education Group Inc.