VANCOUVER, Jan. 11, 2012 /PRNewswire/ - CIBT Education
Group Inc. (NYSE AMEX: MBA) (TSX: MBA) ("CIBT Group" or the
"Company") is pleased to announce that it has signed a Memorandum
of Agreement ("Agreement") with the Canadian Institute of Education
in Iraq ("CIE") to launch
Sprott-Shaw's Business and Healthcare programs, and KGIC's English
Language programs within the northern provinces of Iraq. Programs will be delivered via
CIBT's Global Learning Network ("GLN") in real time between
Vancouver, Canada and the
Iraq campus.
Under the terms of the Agreement, CIE will
market the programs, admit students and deliver the training in the
northern Iraq market, while
adhering to the standards set by the Company. The Company will
provide program content, marketing and strategic support, train the
trainers, and deliver a portion of the intended programs via the
GLN. CIE will also become a recruiter for Sprott-Shaw and KGIC in
Iraq. Students will complete a
portion of their studies in Iraq,
then transfer to the Company's Canadian Campuses to further their
education and work experience in Canada before returning to Iraq.
"We are pleased to become a contributing member
of the global education community by providing North American
educational contents to the people of Iraq," commented Toby
Chu, President, CEO and Vice Chairman of CIBT, "Our Global
Learning Network once again demonstrated its effectiveness in
delivering North American educational content to students from
around the world at reduced financial cost, and completely
eliminated the potential risk to our staff due to political
disruptions, epidemic outbreaks or natural disaster."
Canadian Institute of Education:
The Canadian Institute of Education ("CIE") is
based in Iraq and a new affiliate
of the Company. CIE offers quality education from Canada and North
America to the Iraqi community. The mission of CIE is to
achieve excellence. CIE is dedicated to serving the Iraqi community
by recognizing the diverse needs of individuals. CIE encourages
personal and professional development through respect, appreciation
and a commitment to quality education, as a foundation for
life-long learning. As an institution of Education & learning,
the CIE is committed to preparing students to be active, productive
and successful contributors to the local and global community.
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 Amex, CIBT Group owns
and operates a network of business, technical and language colleges
and has cooperative joint programmes at over 70 locations in 18
countries. Its subsidiaries include Sprott-Shaw Community 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, automotive maintenance, information technology, hotel
management and tourism, English language training, English teacher
certification, and other career/vocational training. In addition to
its wholly-owned subsidiaries, CIBT Group is the exclusive licensee
for the American Hotel & Lodging Association Educational
Institute (ALHA-EI) in China and
the Philippines, and the WyoTech
Automotive Institute for China.
CIBT Group also owns Irix Design Group, a leading design and
advertising company based in Vancouver,
Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
"Toby Chu"
Toby Chu
Vice-Chairman, President & CEO
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 the statement in this news release as to the programs expected
to be offered under the agreement with the Canadian Institute of
Education, 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;
uncertainties as to the demand for the programs offered;
uncertainties as to the acceptance of the arrangements with all
parties involved; 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 Amex nor the Toronto Stock Exchange
accepts responsibility for the adequacy or accuracy of this news
release.
SOURCE CIBT Education Group Inc.