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| [January 30, 2013] |
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CIBT Subsidiary Adds New Location in Beijing
VANCOUVER, British Columbia --(Business Wire)--
CIBT Education Group Inc. (NYSE MKT: MBA and TSX: MBA) is pleased
to announce that King George International College ("KGIC") has signed a
licensing agreement with a Beijing based group ("Licensee") to establish
the first licensee location in the Beijing area under the brand "KGIC
Education Center". The agreement stipulates that a total of 10 locations
will be established in Beijing within 5 years. The first location, to be
located at the city center, is expected to commence operation by April
2013.
The agreement allows the Licensee to use KGIC's copyright protected
curriculums, teaching methodologies, and CIBT's Global Learning Network
to offer programs of KGIC and CIBT Education Group's other subsidiaries
(collectively, "CIBT Group") within Beijing, in consideration for which
KGIC will receive an initial set-up fee, an additional fee for each new
location, as well as a monthly licensing fee. The programs offered by
KGIC Education Centers will include overseas bridging programs to CIBT
subsidiary schools and CIBT partner schools covering language related
programs from kindergarten to career diploma and university degrees.
KGIC Education Centers will also become the feeder system for CIBT's new
subsidiary, Global Education Alliance ("GEA"), by referring
international students to GEA's global academic partners.
"We welcome the first Beijing licensee and are pleased that it has
become part of our KGIC English Center expansion plan. As part of the
revised strategy for our international expansion plan, KGIC English
Center is one of our vehicles to expand our English learning programs
for the international market," commented Toby Chu, Vice Chairman,
President, and CEO of CIBT Education Group Inc. "According to the
Beijing Overseas Study Association, the number of Chinese students
studying abroad increased by 12% per year for the five years up to 2009,
and is expected to reach 500,000 students during 2013. According to the
Guardian Newspaper in the U.K., China's English education market doubled
in size in the past five years reaching $3.1 billion in market size.
"CIBT Group has the establishe infrastructure to capture and combine
these two lucrative markets by offering international students a
one-stop solution. CIBT Education Group Inc. is a leading western
accredited education provider of higher learning which adds credibility
to the English training market, complemented by 19 years of operational
experience in China, 109 years in Canada, and a complete infrastructure
of campuses, offices and teaching technology platform located in 18
countries. In addition, our newly formed Global Education Alliance
division is forging academic partnerships with various elite primary,
secondary schools and universities in western countries. Our KGIC
English Center will enable international students to develop their
language proficiency prior to transferring their studies to CIBT Group's
alliance schools. Plans are in place to license additional KGIC
Education Centers in other countries. Our strategy is to own and operate
a substantial percentage of overseas campuses under the brand 'KGIC
English Academy', while licensing arrangements will be
established with overseas investors to independently own and operate KGIC
Education Centers."
About CIBT Education Group:
CIBT Education Group Inc. is an education management company focused on
the global education market. Listed on the Toronto Stock Exchange and
the NYSE MKT LLC, CIBT Group owns and operates a network of business,
technical and language colleges and offers cooperative joint programmes
in 18 countries. Its subsidiaries include Sprott-Shaw College
(established in 1903), Sprott-Shaw Degree College, CIBT School of
Business China, and King George International College. Through these
subsidiaries, CIBT Group offers Western and Chinese accredited business
and management degrees, and programmes in college preparation,
healthcare, hotel management and tourism, English language training,
English teacher certification, junior and high school preparation
program for overseas study, and other career/vocational training. CIBT
Group also owns Irix Design Group, a leading design and advertising
company based in Vancouver, Canada, and Global Career Center ("GCC").
GCC is a job placement call center located in the Philippines dedicated
to providing employment services to CIBT Group graduates for free
throughout their careers. Visit us online at www.cibt.net.
For more information contact:
Toby Chu
Vice-Chairman, President & CEO
CIBT Education Group Inc.
Investor Relations Contact:1-604-871-9909 Email: info@cibt.net
FORWARD-LOOKING STATEMENTS:
Some statements in this news release contain forward-looking information
(the "forward-looking statements") about CIBT Education Group Inc. and
its future plans. Forward-looking statements are statements that are not
historical facts. The forward-looking statements in this news release
are subject to various risks, uncertainties and other factors that could
cause the company's actual results or achievements to differ materially
from those expressed in or implied by forward-looking statements. With
respect to statements in this news release as to expectations for the
licensing agreement with the Licensee, these risks, uncertainties and
other factors include, without limitation, uncertainty as to the
company's ability to achieve the goals and satisfy the assumptions of
management; and general economic factors and other factors that may be
beyond the control of the company. Forward-looking statements are based
on the beliefs, opinions and expectations of the company's management at
the time they are made, and CIBT Group does not assume any obligation to
update its forward-looking statements if those beliefs, opinions or
expectations, or other circumstances, should change.
Neither the NYSE MKT-LLC nor the Toronto Stock Exchange accepts
responsibility for the adequacy or accuracy of this news release.

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