CIBT Education Group Inc. (NYSE AMEX: MBA) (TSX: MBA) (“CIBT Group”) is pleased to report that it has been ranked as the 34 th Fastest Growing Company in Canada in the “24 th Annual Profit 200 Rankings” which was published in the June 2012 issue of Profit Magazine. CIBT Group achieved revenue growth of 1,133%, from $4.7 million to $58.6 million in the five years from 2006 to 2011.
"On a number of occasions since 2003, CIBT Group has ranked in Profit Magazine’s list of the Top 200 fastest growing companies in Canada. CIBT Group has been improving in the rankings since 2010, from a 105 th place ranking that year to a ranking of 39 th in 2011, and most recently a 34 th place ranking in 2012,” commented Toby Chu, Vice-Chairman, President & CEO. “While we are pleased with our rapid growth during the past decade, despite the global financial crisis and poor economic conditions during the past few years, we remained vigilant, exercising carefully planned and responsible growth. Since 2010, we have executed several re-sizing strategies to accommodate our rapidly growing organization. We have also invested substantial efforts and resources to develop our own Global Learning Network platform and established many academic partnerships in various countries. Our recently announced GLN Desktop platform allows individual students to undertake their studies from home or the office via video conferencing technology, fully interactive with our teachers at the GLN studio. We have remained focused on the domestic and global education sectors and we will continue to fulfill our corporate objective of delivering high quality western education to the global education market using advanced interactive technology supplemented by traditional brick-and-mortar campuses. We feel that our expanding geographical footprint and business presence in 18 countries gives CIBT Group a solid foundation to fulfill our vision of becoming a global education leader."
About Profit Magazine:
Profit Magazine is a bi-monthly publication that has served the entrepreneurial business community since 1984. The top 200 company rankings can be found in the June 2012 issue of Profit Magazine or online at http://www.profitguide.comAbout 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 and has cooperative joint programmes 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 Educational Institute (AHL-EI) in China and the Philippines, and the WyoTech Automotive Institute for China. CIBT Group also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada.