About CIBT

Founded in 1994, CIBT Education Group (CIBT) is an American Stock Exchange listed education management and investment company with extensive expertise and focus on the global education sector. The company's three subsidiaries, CIBT School of Business and Technology Corp., Sprott-Shaw Community College and Tourism Training Institute together possess a combined operating history of over 137 years in China's and Canada's education sectors.

The company has a global network of over 45 business schools, vocational schools and language schools, and is the largest private post-secondary institution in western Canada and one of the largest foreign private post-secondary schools in China. CIBT also has business locations in Vietnam, Jordan and the Philippines. Due to the company's operating history, credibility and established connections, Fortune 500 companies trust CIBT to educate their labor forces. CIBT's aggressive plans for expansion will create more than 50 additional teaching locations in China by the year 2010, with plans for additional schools in South Korea, the Philippines, Thailand, Malaysia, India and other parts of Asia.

A Leader in the World's Biggest Education Market

In 1993, management anticipated enormous opportunities arising from China’s exploding middle-income market and determined that the education sector was poised for rapid growth. China has the largest education market in the world, with over 258 million students of all ages, and the middle-income sector is expected to double by 2010. These factors are contributing to an increasing demand for advanced education in business management, languages, technology, trades and applied arts. Since 1994, CIBT has been serving the needs of individuals, businesses and governments by providing a wide variety of post secondary academic and career oriented programs with a special focus on western content.

Market Statistics:

• The middle-income market in 2005 was 200 million; by 2010 it is expected to swell to 450 million, resulting in steady, predictable growth for the education businesses that support the economy (China Daily, 2006)
• China's total foreign direct investment for 2007 was US$83 billion, creating a viable economic climate that needs both a well-educated workforce and a supporting media and communications network (International Herald Tribune, 2008)
• In 2006, approximately 415 million people in China were between the ages of 5 and 29. This group includes school age children as well as young adults who actively pursue education opportunities (China Statistical Yearbook 2006)
• Enrollment in higher education increased at a CAGR of 12.5%, from approximately 2.1 million in 1990, to approximately 15.6 million in 2006 (China Statistical Yearbook 2006)
• China's excess rural labor force is estimated at 150-200 million people who require skill enhancement training in order to earn a better living in urban areas (US Embassy, China)

CIBT: Educating an Expanding Work Force

In China's thriving economy, pursuing higher education is essential in order to improve one's employment opportunities. The country's existing state-owned institutions have not been able to keep pace with the demand for post-secondary training. This trend has created an opportunity for CIBT and its Canadian subsidiary schools, which have an excellent reputation for providing the type of education that jobseekers need in order to succeed.

CIBT's response to this growing demand is to make strategic plans to increase capacity in China and throughout Asia. The company recently acquired Sprott-Shaw Group, the oldest and largest private career college in British Columbia, Canada, and the Tourism Training Institution, which has been serving the hospitality training sector in Canada and China for almost 20 years.

Delivering Education across Asia

CIBT’s acquisition of Sprott-Shaw Community College Group (“SSCC”), adds tremendous value to CIBT student’s through teaching quality, program selection, availability of faculty members, and by expanding students options for studying abroad. SSCC’s infrastructure, operating experience and industry knowledge complements CIBT’s global expansion plans, which has enabled the company to initiate its aggressive growth plans throughout Asia. Established in 1903, Sprott-Shaw operates a network of career and vocational training colleges, language colleges, and a degree granting college in Canada, and currently offers over 140 career-oriented programs to its students in Canada and CIBT’s students in China. Students studying at CIBT’s campuses in China may transfer their earned credits to Sprott-Shaw colleges in Canada, or enroll directly into Sprott-Shaw campuses in Canada for their entire term of study.

A Century of Experience: Sprott-Shaw Community College

The first Sprott-Shaw school opened over a century ago as the Vancouver Business Institute, with Sprott-Shaw College in Victoria following in 1913. The school has survived the Great Depression, two World Wars and numerous economic recessions.

Over the years the SSCC’s curriculum has expanded to include training in healthcare, tourism, hospitality, business administration and international studies, providing relevant skills for high growth industries. All SSCC locations feature small classes, qualified instructors, hands-on training and a friendly, productive learning environment for adults of all ages. Training excellence has earned SSCC a solid reputation with both the private sector and government, resulting in an enviable record of securing jobs for its graduates.

Today, SSCC operates career and vocational schools, language training schools, and a baccalaureate degree granting college, through 20 campuses in Western Canada and business locations in Vietnam, the Philippines, Jordan and China.

Expanding Market Share

Using the “Spoke & Hub” model, CIBT will expand into other Asian markets with a regional full-size campus, dubbed as a Hub, servicing CIBT Centers, dubbed as Spokes, which reach into other Asian markets. The Hubs will also accommodate CIBT’s plans for growth in technical and vocational sectors such as hotel management, construction trades management, multimedia animation and film production. The company also plans to acquire other state-owned colleges and transform them into private business or career colleges.

The company’s objective is to create a massive distribution network for its educational services, solidify the company’s footprint in China and provide the momentum to expand across Asia. CIBT will deliver its programs via its campus network, providing the opportunity for international institutions to utilize CIBT’s infrastructure to facilitate their entrance into China’s education market.

Corporate Milestones

CIBT has enjoyed considerable recognition for its success, and the following are some highlights of the companies’ accomplishments to date:

• CIBT's programs were ranked as one of Beijing's top three foreign graduate degree programs in 2001
• CIBT Education Group was ranked one of Canada's Top 100 Public Companies by Business In Vancouver newspaper in 2004
• Ranked as one of Canada's Top 100 Fastest Growing Companies by PROFIT Magazine in 2003
• In 2004 Executive Weekly Magazine ranked CIBT as one of the Top 10 Most Influential MBA programs in China.  During the same year, CIBT acquired Beihai International College from Weifang University, the largest state-owned university in Weifang city.
• In 2006, CIBT's vocational division was named Best Practices in Automotive Education in China by the International Finance Corporation, a division of the World Bank Group.
• In 2007, CIBT was featured in a case study conducted by the Asia Pacific Foundation of Canada, showcasing success stories of Canadian companies doing business in China.
• In December, 2007, CIBT acquired 100% ownership of Sprott-Shaw Community College group of colleges.
• In April, 2008, CIBT acquired 100% ownership of Tourism Training Institute headquartered in Vancouver with branches offices in Beijing, China.

Market Recognition

Over the years CIBT and its subsidiaries have received global media attention from the following:

Future Outlook

CIBT is extending its reach into other parts of Asia by expanding delivery and adding the following advanced programs:

The Company is proud of its past success, and remains focused on the future, with ambitious plans to become a global leader in Asia's fastest growing sectors.