Sprott Shaw College Appointed as Managing Agent of KGIC Inc. Schools
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (“CIBT”) (TSX:
MBA, OTCQX International: MBAIF) reports that its wholly owned subsidiary, Sprott-Shaw Degree College Corp. (“Sprott Shaw”) has
been appointed by BDO Canada Limited, court appointed interim receiver of KGIC Inc., to act as its managing agent.
Acting as managing agent, Sprott Shaw will supervise and direct the management and operation of the business
operated by KGIC Inc. and its subsidiaries (the “KGIC Group”), including the operation of all 18 KGIC Group schools in British
Columbia and Ontario in compliance with the applicable education policies of those jurisdictions and with a view to ensuring the
welfare of the approximately 2,000 students who attend those schools.
About CIBT Education Group:
CIBT Education Group Inc. is one of the largest education and student-housing investment companies in Canada
focused on the global education market since 1994. Listed on the Toronto Stock Exchange and U.S OTCQX International, CIBT
owns business & language colleges, student housing properties, recruitment centers and corporate offices at 34 locations in
Canada and abroad. Total annual enrollment for the group exceeds 8,000 students. Its education providers include
Sprott Shaw College (established in 1903), Vancouver International College and CIBT School of Business. Through these
schools, CIBT offers business and management programs in healthcare, hotel management, language training, and over 150 career and
vocational programs. CIBT's property investments are owned by Global Education City Holdings Inc., an investment holding
and management company focused on developing education related real estate such as student hotels, serviced apartments and
education super centers totalling over $600 million. CIBT also owns Global Education Alliance (“GEA”) and Irix Design Group
("Irix Design"). GEA recruits international students for many elite kindergarten, primary & secondary schools, colleges and
universities in North America. Irix Design is a leading design and advertising company based in Vancouver, Canada. Visit us
online at www.cibt.net, www.studenthotel.ca and watch
our corporate video at http://cibt.net/about/.
Toby Chu
President, CEO and Chairman
CIBT Education Group Inc.
Investor Relations Contact: 1-604-871-9909 extension 310 or | Email: info@cibt.net
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/CIBT01262017.pdf
Source: CIBT Education Group Inc. (TSX:MBA, OTCQX:MBAIF)
To follow CIBT Education Group Inc. on your favorite social media platform or financial websites, please click on the icons
below.
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Copyright © 2017 Filing Services Canada Inc.