CIBT Expands its Graduate Degree Program
November 03 2008 - 11:00AM
PR Newswire (US)
VANCOUVER, Nov. 3 /PRNewswire-FirstCall/ -- CIBT Education Group
Inc. (AMEX: MBA; TSX.V: MBA) is pleased to report that it has
launched its newly developed 1+1 Master Degree program in Beijing
with excellent response. Each year in China, approximately one
million undergraduate students do not meet the rigorous standards
of the National Entrance Examination and are faced with a limited
number of entries to state owned universities, with the result that
many students are unable to enter graduate studies. By targeting
this market, CIBT provides students with the opportunity to pursue
a western graduate degree by taking one year of their studies in
China and one year at an overseas accredited university. This
arrangement will minimize their cost of living overseas, and offer
them an unparalleled learning experience, which will prepare them
for their graduate studies when they commence their learning
abroad. CIBT's Master Degree Program begins with 6 to 12 months of
study at CIBT's locations in China in conjunction with Beijing
University of Technology. The program focuses on economics,
business principles, communication skills, and academic English.
Students will then attend either London Metropolitan University or
Bango University in the United Kingdom for completion of their
Masters program in business, management and finance. Based on the
successful completion of the program, graduates will receive a
Masters degree from these respective Universities following 9 to 11
months of study. Annual tuition is approximately US$4,800 for the
program in China, and approximately US$15,000 for studying abroad.
CIBT has been offering a joint MBA program in China for the past 12
years and is one of the largest Sino-Foreign MBA program providers
in the country. In 2004 and 2007, the MBA program managed by CIBT
was ranked Top 10 Most Influential Sino-Foreign MBA Programs in
China by the World Executive Weekly Magazine. Most CIBT graduates
have received employment in multinationals operating in China such
as the ABB Group, Boeing, Microsoft, Motorola, Nortel, and Shell.
These graduates, who are working for multinationals in China, earn
substantially higher wages and receive better job promotion
opportunities as compared to graduates working for state owned
enterprises in China. CIBT has extensive experience in academic
areas of business and management at the graduate-studies level, and
has expanded its academic reach by working closely with an
increasing number of foreign universities. In addition to the two
universities in the UK, a number of well-known universities from
Australia, Canada and the USA are in discussions with CIBT to
implement similar types of programs. In the future, undergraduate
and graduate students at CIBT Beijing will be able to choose a
university in Europe, North America or Australia to complete their
higher education after studying at CIBT. About CIBT Education Group
Inc.: CIBT is an education management and investment company with a
special focus on the global education market. Its subsidiaries,
CIBT School of Business & Technology Corp., Tourism Training
Institute, Concordia Career College, Modus International Language
College and Sprott-Shaw Degree College Corp., which is comprised of
Sprott-Shaw Degree College, Sprott-Shaw Community College,
Sprott-Shaw International Language College, possess a combined
operating history of over 118 years in China and Canada's education
sectors. CIBT owns and operates a network of 48 business and
language colleges with a presence in Canada, China, Vietnam, Jordan
and the Philippines. CIBT delivers North American and Chinese
accredited business and management degree programs, automotive, and
diesel maintenance programs, IT programs, travel and tourism
programs and career/vocational programs through its network of
campuses across China and Canada. In 2006, CIBT initiated plans to
aggressively expand its business presence across China and to
establish schools in other parts of Asia including South Korea,
Thailand, Malaysia and India. CIBT also owns Irix Design Group, a
leading full service design and advertising company based in
Vancouver, Canada. In 2008, Irix Design was ranked 15th in the list
of Biggest Ad Agencies in Greater Vancouver by the Business in
Vancouver newspaper. CIBT Education Group Inc. "Toby Chu" Toby Chu
Vice-Chairman, President & CEO Legal Notice Regarding
Forward-Looking Statements: "Forward-looking Statements" as defined
in the Private Securities Litigation Reform Act of 1995 may be
included in this news release. These statements relate to future
events or CIBT's future financial performance. These statements are
only predictions and may differ materially from actual future
results or events. CIBT disclaims any intention or obligation to
revise any forward-looking statements whether as a result of new
information, future developments or otherwise. There are important
risk factors that could cause actual results to differ from those
contained in forward-looking statements, including, but not limited
to risks associated with changes in general economic and business
conditions, actions of CIBT's competitors, the extent to which CIBT
is able to develop new services and markets for their services, the
time and expense involved in such development activities, the level
of demand and market acceptance of their services and changes in
our business strategies. The TSX Venture Exchange and the American
Stock Exchange have not reviewed and do not accept responsibility
for the adequacy or accuracy of this news release. This news
release shall not constitute an offer to sell or the solicitation
of an offer to buy securities in any jurisdiction. DATASOURCE: CIBT
Education Group Inc. CONTACT: Investor Relations Contact: N.
America Toll Free: 1-800-574-0901*, Email:
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