CIBT’s Featured in The Province Newspaper
December 10 2014 - 5:30PM
Business Wire
CIBT Education Group Inc. (TSX:MBA, OTCQX International:
MBAIF) (the “Company” or “CIBT”) reports that it
was featured on the front page of The Province newspaper on
December 8th 2014.
In the article, The Province reported that international student
Wendy Qi “is renting a downtown condo for $2,000 a month and
finding herself alone most of the time”. When asked about CIBT’s
plan to build affordable student housing, she called the plan an
“excellent idea”.
“Finding an apartment was very hard. If you want to rent one,
you have to do it immediately. You cannot think about it for a
month,” Ms. Qi stated. “It was a little expensive but I had no
choice.” The demand for student housing in Metro Vancouver
outstrips supply. There are over 5,200 students as of December 2014
on the University of British Columbia’s dormitory wait list; those
who have accommodation are paying 12 months of rent for 9 months of
use.
Informed of CIBT’s service orientated apartments, Ms. Qi said
the idea is “better” than living alone in a condo. “If I can find a
place like that, I will choose that one. I am not familiar with my
neighbors here. I spend most of my time with my computer.” CIBT is
developing a network of serviced rental apartments offering a
variety of services such as international student landing service,
hot meals, student lounge for after school activities, shuttle bus
to and from nearby schools, private tutoring, excursion activities
for the weekends and student counseling. These services will assure
a safe, secure and convenient environment for international
students to study, relax and enjoy their stay in Canada.
“CIBT has a unique advantage,” commented Toby Chu, Vice
Chairman, President and CEO of CIBT Group. “By utilizing our
integrated services of global network of schools, recruitment
agreements and services, the Company will provide a pipeline of
international students to fill the serviced apartments and
Education Super Center.”
Read the full article at CIBT website www.cibt.net or go
directly to the following URL:
http://cibt.net/news/201412province.html.
About CIBT Education Group:
CIBT Education Group Inc. is an education management company
focused on the global education market since 1994. Listed in Canada
on the Toronto Stock Exchange and in the U.S on the OTCQX
International, CIBT Group owns and operates a network of business,
technical and language colleges in North America and Asia. CIBT
Group offers cooperative joint programs in 12 countries with
campuses, recruitment offices and training centers enrolling over
6,500 students annually. Its education business is operated through
Sprott Shaw College (established in 1903), Acsenda School of
Management, CIBT School of Business China, and Global Education
Alliance Recruitment Centers in China and other overseas countries.
Through these subsidiaries, CIBT Group offers Western and Chinese
accredited business and management degrees, programs in college
preparation, healthcare, hotel management and tourism, English
language training, English Teacher Certifications, junior and high
school preparation programs 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, Global Education Alliance (“GEA”) and Global Education City
Holdings Inc. (“GEC”). GEA recruits international students for many
elite kindergarten, primary, secondary schools and universities in
North America. GEC is an investment holding and management company
with a special focus on education related real estate projects in
Canada. 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
CIBT Education Group Inc.Toby Chu, 1-604-871-9909Vice-Chairman,
President & CEOinfo@cibt.net
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