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

CIBT Subsidiary Signs Formal Agreement to Acquire the 9th GEC Branded Property

November 1, 2018

Vancouver, BC – November 1st, 2018 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to announce the signing of a formal Purchase and Sale Agreement for the purchase by GEC Langara Limited Partnership of two parcels of land to develop a highrise serviced apartment (the “Project”) near the corner of Cambie Street and 49th Avenue in Vancouver. The Project, named GEC® Langara, is located at the centre...

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CIBT Named One of Top 100 National and/or Global Companies in B.C. by Business in Vancouver Newspaper

October 30, 2018

October 30th, 2018, Vancouver, BC - CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that the Company was named “Top 100 national and/or global companies operating in B.C. in 2018” in the October 16th 2018 edition of Business in Vancouver Newspaper. CIBT was ranked no. 71 among the top 100 national and/or global companies operating in British Columbia, with 500 B.C. employees in 2018. About CIBT Education Group: CIBT...

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CIBT, GECM, and NCD Announce Out-of-court Resolution of Federal Court Action Commenced by GECM

October 2, 2018

October 2nd,2018, Vancouver, BC – CIBT Education Group Inc. ("CIBT") (TSX: MBA, OTCQX International: MBAIF) reports that CIBT, its subsidiary Global Education City Management Corp. ("GECM"), and New Continental Developments Inc. ("NCD") have come to an amicable confidential out-of-court resolution of the Federal Court action commenced by GECM in December 2017 against NCD, its related companies, and officers and directors of these companies. No party has made an admission of wrong-doing. The parties have reached...

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CIBT Subsidiary Featured as a News Story by CBC, CityTV, Breakfast TV and Omni TV

September 10, 2018

September 10th, 2018, Vancouver, BC: CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that the Company’s wholly owned subsidiary, Global Education City Holdings Inc (“GEC”), was featured as a news story by CBC Television, CBC online, CityTV, Breakfast TV on September 5th, 2018  and Omni TV on August 29th 2018. A recorded version is available at the following link: http://www.cibt.net/news/ About CIBT Education Group: CIBT Education Group Inc. is...

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CIBT Reports Sale of Ground Floor Commercial Units at one of its GEC Branded Properties & Provides Summary Update

September 4, 2018

Vancouver, BC – September 4, 2018 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to announce that one of its real estate investment limited partnerships (the “LP”) has completed the sale of four commercial ground floor units at one of the GEC® branded properties (the “Property”) for gross proceeds of $6 million before leasehold improvements subsidy, realtor’s commission and closing adjustments.  Net proceeds from the sale are approximately...

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CIBT Reports Completion of GEC Pearson Acquisition for $42.5 Million

August 28, 2018

Vancouver, BC August 28th, 2018 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report the completion of the purchase of GEC® Pearson, one of the GEC® new construction projects. Global Education City Management Corp. (“Global Management”) took possession of the building on behalf of GEC Pearson Limited Partnership on August 27th, 2018 and commenced operations immediately. GEC® Pearson was purchased for a total of $42.5 million,...

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CIBT Ranks #79 on the 2018 Business in Vancouver 100 Fastest-growing Companies in B.C. List

August 27, 2018

Vancouver, B.C., August 27th, 2018 - CIBT Education Group Inc. (“CIBT” or “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that the Company is named one of Business in Vancouver's Top 100 Fastest Growing Companies. The Top 100 Fastest Growing Companies list is one of BIV’s signature annual features. It recognizes companies in the province with the greatest percentage change in revenue over the past five fiscal years. CIBT is ranked #79 with 5-year...

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CIBT Reports Completion of Sale of a GEC® Project for $55.5 Million

August 14, 2018

Vancouver, B.C. August 14th, 2018 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that one of the real estate limited partnerships in which it holds an interest has completed the sale of one of the GEC® branded Vancouver properties (the “Property”) for a gain of approximately $20 million after an investment period of 41 months. This GEC® project was acquired by the limited partnership in...

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