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
, 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
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.
, 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
and provide a vertical expansion to add primary and high school sectors into our business initiatives."
, 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
. 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
. 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
, 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
. 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
, and the WyoTech Automotive Institute for
. CIBT also owns Irix Design Group, a leading design and advertising company based in
ON BEHALF OF THE BOARD OF DIRECTORS