CIBT Adds 9 New Partners & Teaching Locations across China
January 15 2009 - 5:47PM
PR Newswire (US)
VANCOUVER, Jan. 15 /PRNewswire-FirstCall/ -- CIBT Education Group
Inc. (NYSE Alternext and TSX.V symbol: MBA) ("CIBT") is pleased to
report that its hotel and tourism division in China has signed
cooperative joint program agreements with a number of education
institutions and companies in China. The agreements range in scope
from providing professional certification, to course exchanges to
ongoing training contracts. The cooperation with various education
partners across China provides CIBT's hotel and tourism division
the network it needs to expand the company's presence into new
markets in China, which may also serve as recruitment and job
placement centers for other CIBT programs in the future. CIBT has
signed cooperative joint program agreements with the following
institutions:
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Institutions City Province
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Guizhou China Tourism Education and Cultural Development Co Guizhou
Guiyang
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Beijing International Education Institute Beijing Beijing
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Chongqing Prosperity Consulting Chongqing Chongqing
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Guangzhou Ritz-Carlton Hotel Management Co Guangzhou Guangdong
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Suzhou Chuanda Hotel Management Suzhou Jiangsu
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Sichuan University - Suzhou Research Center Suzhou Jiangsu
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Kunming Quality Education Consulting Kunming Yunnan
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Chongqing Jinbo Education Consulting Chongqing Chongqing
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Weifang University Weifang Shandong
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"Since our acquisition of the Tourism Training Institute in April
2008, we are very encouraged with the development and progress of
our hotel and tourism training division," commented Toby Chu,
Vice-Chairman, President & CEO of CIBT. "With a growing number
of education partners progressively joining CIBT's education
platform in northern, central and southern China, CIBT will be able
to utilize this rapidly expanding network to not only establish new
locations throughout China but also for future expansion to other
countries in Asia using China as our Asia hub reaching out to other
Asian countries via our satellite centers." 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 (established in 1903), 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 business, technical and
language colleges with presence at over 50 campuses and teaching
centers including 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, Taiwan,
Hong Kong, 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 NYSE
Alternext US 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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