CIBT Transfers from NYSE MKT LLC to OTCQX International and remains on TSX
Vancouver, British Columbia CANADA, May 07, 2013 /FSC/ - CIBT Education Group Inc. (OTCQX: CIBTF; TSX: MBA),reports that its common shares have been voluntarily delisted from trading on the NYSE MKT LLC effective May 6, 2013. The Company's common shares continue to trade on the Toronto Stock Exchange in Canada and will be listed on the OTCQX International marketplace in the United States effective May 7, 2013. The Company has also applied to the United States Securities and Exchange Commission (the "SEC") to voluntarily deregister its common shares from under the U.S. Securities Exchange Act of 1934 (the "Exchange Act") and expects such deregistration to become effective within 90 days after April 26, 2013, the date on which the Company filed a Form 15F with the SEC. The Company's reporting obligations with the SEC have ceased since filing the Form 15F on EDGAR.
U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Toby Chu"
Toby Chu
Vice-Chairman, President & CEO
Investor Relations Contact: N. America Toll Free: 1-604-871-9909 Email: info@cibt.net
FORWARD-LOOKING STATEMENTS:
Some statements in this news release contain forward-looking information (the "forward-looking statements") about the Company and its expectations concerning future events. The Company undertakes no obligation to update any of these forward-looking statements, except as may be required by the applicable securities laws of Canada and/or the United States. Although the Company believes that these expectations are based on reasonable assumptions, based on the knowledge of its business and the experience of management, there can be no assurance that actual results will not differ materially from expectations. Any forward looking statements herein speak only as of the date of this news release and may not come to pass. Readers are cautioned not to place undue reliance on any forward-looking statements. Actual results could differ significantly as a result of various factors. The above news release states that the Company expects its common shares to be deregistered from under the Exchange Act within a specified time frame. However, unforeseen events may occur that may result in a delay or prevent the occurrence of the deregistration. Forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. It is not possible to predict or identify all factors that could possibly cause actual results to differ materially from expected and historical results.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release.
CIBT EDUCATION GROUP INC.
International Head Office:
Suite 1200, 777 West Broadway Vancouver, BC V5Z 4J7
Tel: 604.871.9909 Fax: 604.871.9919
Email: info@cibt.net
Web: www.cibt.net
To view this press release as a PDF, please click on the following link:
http://www.usetdas.com/pr/cibt05072013.pdf
Source: CIBT Education Group Inc. (MBA - TSX-V) (MBA - NYSE Amex) http://www.cibt.net
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