This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CIBT Granted Global Exclusive Recruitment Rights For Southpointe Academy

Stocks in this article: MBA

VANCOUVER, March 2 /PRNewswire/ - CIBT Education Group Inc. (NYSE: MBA) (TSX: MBA) ("CIBT") is pleased to announce that it has entered into an agreement with Southpointe Academy ("Southpointe"), a top 5 ranked K to 12 school in British Columbia, to act as Southpointe's exclusive global recruitment partner.  Under the terms of the agreement, CIBT has been granted the exclusive rights to recruit international and expatriate students in Canada to Southpointe Academy.  In addition, CIBT and Southpointe have agreed to co-develop academic preparation programs to be launched by CIBT overseas, designed to enable potential grade 10 to 12 applicants to better prepare for the vigorous programs and the pre-entrance exam at Southpointe.  The agreement further specifies that CIBT will earn all tuition revenues associated with the academic preparation programs as well as a portion of the tuition fees for each student CIBT recruits for Southpointe.

Toby Chu, Vice Chairman, President and CEO of CIBT Education Group commented, "We are pleased to cooperate with Southpointe Academy as part of our global expansion strategy to export Canadian education to overseas countries, while attracting international students to study in Canada.  This strategic alliance with Southpointe will deepen our product offerings, allowing CIBT to greatly enhance the utilization of our global recruitment network which now includes a presence in 42 countries.  It will attract international students to study in Canada and provide a vertical expansion to add primary and high school sectors into our business initiatives."

Graham Baldwin, CEO and Headmaster of Southpointe Academy remarked, 'Southpointe Academy is pleased to develop a global presence through co-operation with the CIBT Education Group and to work with them to ensure that enrolled international students are well-prepared for their transition to Southpointe Academy, carefully nurtured while in the school, and highly successful in their studies.'

About Southpointe Academy:

Founded in 2000, Southpointe Academy is a kindergarten to grade 12 school located in a Delta, British Columbia, a suburb of Vancouver. The school was created with the vision of being a place of happy excellence, a leader in learning, and an inspiration to educators. Southpointe has since been recognized for their excellence by the Fraser Institute, an independent non-profit Canadian research firm, by achieving the 5th best academic ranking among 288 other high schools in British Columbia. The school offers the International Baccalaureate Primary Years Program and Advanced Placement in the Graduation Years Program. The school's graduates currently study at leading North American universities including Harvard, Duke, Toronto, McGill, Queens, and the University of BC.

About CIBT Education Group:

CIBT Education Group Inc. is an education management company focused on the global education market. Listed on the Toronto Stock Exchange and the NYSE Amex, CIBT Group owns and operates a network of business, technical and language colleges as well as having cooperative joint programmes at over 70 locations in 18 countries. Its subsidiaries include Sprott-Shaw Community College (established in 1903), Sprott-Shaw Degree College, CIBT School of Business China, and King George International College. Through these subsidiaries, CIBT Group offers Western and Chinese accredited business and management degrees, and programmes in college preparation, automotive maintenance, information technology, hotel management and tourism, English language training, English teacher certification, and other career/vocational training. In addition to its wholly-owned subsidiaries, CIBT Group is the exclusive licensee for the American Hotel & Lodging Association Educational Institute (ALHA-EI) in China and the Philippines, and the WyoTech Automotive Institute for China. CIBT also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada.


1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs