Loyalist Group Launches Franchise Program
08 Gennaio 2014 - 3:01PM
Marketwired
Loyalist Group Launches Franchise Program
TORONTO, ONTARIO--(Marketwired - Jan 8, 2014) - Loyalist Group
Limited (the "Company") (TSX-VENTURE:LOY) is pleased to announce
that it has launched a program to licence its best-in-class
English-as-a-second-language curriculum for overseas schools.
Under the program, Loyalist will offer its curriculum and grant
its own diplomas to franchisees and their students in exchange for
a combination of fees and royalty payments. Loyalist expects that
franchising will create substantial high-margin revenues by
allowing the Company to earn income from overseas students who
choose to study in their own countries.
Loyalist is targeting four countries for the launch of the
program: Mexico, China, Turkey and South Korea. Setup fees payable
by the franchisee to Loyalist range from $0 to $100,000 while
royalty rates range from 5-20% of gross revenues (or $50 per
student per month).
Loyalist has already signed 5 franchise agreements, and expects
to add several more franchise agreements per quarter over the
coming years.
"Franchising is the logical next step in our evolution towards
becoming a truly global brand in the ESL market," said CEO Andrew
Ryu. "We are easily the No. 1 choice of foreign students who want
to come to Canada. But there are millions of other students who
will choose to study in their home countries rather than coming to
Canada. These students still want a first-rate curriculum and the
ability to earn a recognized diploma, and Loyalist can offer both
of those things. We expect this to be highly accretive to our
income as the cost of setting up and running this business is small
relative to the potential revenues."
About Loyalist Group (TSX-VENTURE:LOY)
Loyalist Group Limited owns and operates private English as a
Second Language (ESL) Schools, Career Colleges and Community
Colleges in Toronto, Vancouver, Victoria and Halifax.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statements
This news release includes certain forward-looking statements
within the meaning of Canadian securities laws. Such
forward-looking information and statements are not representative
of historical facts or information or current condition, but
instead represent only the Company's beliefs regarding future
events, plans or objectives, many of which, by their nature, are
inherently uncertain and outside of the Company's control.
Generally, such forward-looking information or statements can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or may contain statements that certain actions, events
or results "may", "could", "would", "might" or "will be taken",
"will continue", "will occur" or "will be achieved". The
forward-looking information contained herein includes, but is not
limited to, information with respect to prospective financial
performance, franchising programs and the potential success
thereof, anticipated capital funding and sources, proposed or
potential acquisitions, estimated operating and sales costs,
estimated market drivers and demand, business prospects and
strategy, new markets for growth and financial position. By
identifying such information and statements in this manner, the
Company is alerting the reader that such information and statements
are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially
different from those expressed or implied by such information and
statements.
Any number of important factors could cause actual results to
differ materially from these forward-looking statements as well as
future results, including but not limited to: risks related to any
of the Company's announced acquisitions or securities offerings
failing to close or becoming delayed before closing; the Company's
ability to successfully implement and operate its franchising
program; the Company's reliance on its South Korean contract;
carrying on business and activities in international jurisdiction
where Canadian laws do not apply; any loss of certain key
personnel; levels of student enrolment; delays in rolling out the
online education programs; competition in the educational services
market; and currency fluctuations. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in the
forward-looking information and statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. Although the Company believes that the assumptions and
factors used in preparing, and the expectations contained in, the
forward-looking information and statements are reasonable, undue
reliance should not be placed on such information and statements,
and no assurance or guarantee can be given that such
forward-looking information and statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information and
statements. Accordingly, readers should not place undue reliance on
any forward-looking information or statements contained in this
press release. The forward-looking information contained in this
press release is made as of the date hereof, and the Company does
not undertake to update any forward-looking information that is
contained or referenced herein, whether as a result of new
information, future events or otherwise, except in accordance with
applicable securities laws. All subsequent written and oral forward
looking information and statements attributable to the Company or
persons acting on its behalf are expressly qualified in their
entirety by this notice.
Loyalist Group LimitedAndrew RyuCEO(416)977-9800
X225aryu@loyalistgroup.comLoyalist Group LimitedDavid MacAdamVP
Corporate Development(604)961-3513dmacadam@loyalistgroup.com
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