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Bullboard - Stock Discussion Forum KGIC Inc LGLTF

"KGIC Inc is an educational organization based in Canada. The company owns and operates private English as a second language school, career colleges and community colleges in Toronto, Vancouver, and Victoria."

GREY:LGLTF - Post Discussion

KGIC Inc > Other Relevant Updates From The MD&A
View:
Post by alister33 on Dec 17, 2014 3:49pm

Other Relevant Updates From The MD&A

Pathway Programs

The company's recent acquisitions of KGIC and UIS address the growing demand for Pathway Programs, which bridge ESL programs to post-secondary institutions. Loyalist is currently in the process of expanding UIS's operations, which includes providing Pathway Programs to non-Loyalist ESL school students, and utilizing UIS's permit to recruit Chinese students in order to increase marketing opportunities and overseas exposure.

In addition, the Professional Development Training program at MTi has diversified Loyalist's offerings, and will attract students seeking professional career development classes, while working to retain those that have completed language training with Loyalist for further education.

Professional Development revenue accounted for 14.4% of revenue in the three months ended September 30, 2014, compared to 4.0% in the same period in the prior year.

Comment by alister33 on Dec 17, 2014 3:51pm
New Credit Facility On Monday, November 17th, Loyalist Group announced that it has entered into a new $18.5 million credit facility, replacing the company's current credit facility and adding $18 million of capital to the treasury. The credit facility now allows Loyalist to manage its capital structure more efficiently, and to continue to grow without diluting existing shareholders. The ...more  
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