LOY Kgic

Loyalist Group Limited ("Loyalist") (TSX VENTURE:LOY) is pleased to announce
that, on September 17, 2013, it has completed the acquisition of KGIC Language
College (2010) Corp. ("KGIC"), an accredited and licensed
English-as-a-second-language (ESL) school, and KGIC Business College (2010)
Corp. ("KGIBC"), a registered career college, in Toronto, Vancouver, and
Victoria from CIBT Education Group Inc. and CIBT School of Business & Technology
Corp. KGIC and KGIBC have a total of 8 campuses across Canada, in Halifax,
Toronto, Vancouver and Victoria. This transaction represents the largest
acquisition Loyalist has completed to date.  


KGIC's trailing 12-month revenues to the end of August 2013, are expected to be
over $25 million, with adjusted earnings before interest, taxes and depreciation
and amortization of $2.7 million. The total purchase price for KGIC and KGIBC
was $13.5 million, of which $9.5 million, subject to certain closing
adjustments, was allocated in cash at closing. The remaining $4.0 million of the
total purchase price, subject to certain post-closing adjustments, is payable by
Loyalist by way of a non-interest bearing, secured, subordinated promissory note
due March 17, 2014.  


"This acquisition almost doubles our revenue and EBITDA," commented Loyalist CEO
Andrew Ryu. "It also offers organic growth as it allows us to attract
significantly more student business from Asia and strengthens the Loyalist brand
as a dominant ESL player in Canada. We are pleased to welcome KGIC's talented
management and staff to the Loyalist team." 


About KGIC and KGIBC

KGIC and KGIBC consists of three education brands and currently operates 8
campuses in Canada with a trained staff of over 230. KGIC and KGIBC are
committed to providing the highest level of academic training and customer
service possible. Since 1996, KGIC and KGIBC have grown to become one of the
largest and most reputable private language schools and career colleges in
Canada. 


About Loyalist

Loyalist owns and operates private education schools in Toronto, Vancouver, and
Victoria offering (i) ESL Courses for international students; (ii) training
programs for teachers, commonly known as TESL; (iii) professional development
courses; and (iv) corporate English for professionals.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.  


Forward-Looking Statements 

This news release includes certain forward-looking information and statements
within the meaning of Canadian securities laws. Such forward-looking information
and statements are not representative of historical facts or information or
current condition, but instead represent only Loyalist's beliefs regarding
future events, plans or objectives, many of which, by their nature, are
inherently uncertain and outside of Loyalist's control. Generally, such
forward-looking information or statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or may contain statements that certain actions, events or
results "may", "could", "would", "might" or "will be taken, "will continue",
"will occur" or "will be achieved". The forward-looking information or statement
contained herein includes, but is not limited to, information with respect to
prospective financial performance, anticipated capital funding and sources,
proposed or potential acquisitions, estimated operating and sales costs,
estimated market drivers and demand, business prospects and strategy, new
markets for growth and financial position. By identifying such information and
statements in this manner, Loyalist is alerting the reader that such information
and statements are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or
achievements of Loyalist to be materially different from those expressed or
implied by such information and statements. 


Any number of important factors could cause actual results to differ materially
from these forward-looking information and statements as well as future results,
including but not limited to: Loyalist's reliance on its South Korean contract;
carrying on business and activities in international jurisdiction where Canadian
laws do not apply; any loss of certain key personnel; levels of student
enrolment; delays in rolling out the online education programs; competition in
the educational services market; and currency fluctuations. Although Loyalist
has attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking information and
statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. Although Loyalist believes that the
assumptions and factors used in preparing, and the expectations contained in,
the forward-looking information and statements are reasonable, undue reliance
should not be placed on such information and statements, and no assurance or
guarantee can be given that such forward-looking information and statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such information and statements.
Accordingly, readers should not place undue reliance on any forward-looking
information or statements contained in this press release. The forward-looking
information or statement contained in this news release is made as of the date
hereof, and Loyalist does not undertake to update any forward-looking
information or statement that is contained or referenced herein, whether as a
result of new information, future events or otherwise, except in accordance with
applicable securities laws. All subsequent written and oral forward looking
information and statements attributable to Loyalist or persons acting on its
behalf is expressly qualified in its entirety by this notice.


FOR FURTHER INFORMATION PLEASE CONTACT: 
David McAdam
Loyalist Group Limited
VP Corporate Development
(604)961-3513
dmcadam@loyalistgroup.com


Anthony Durkacz
Loyalist Group Limited
Investor Relations
(416)720-4360
adurkacz@loyalistgroup.com

Loyalist Group Limited (TSXV:LOY)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Loyalist Group Limited (TSXV:LOY)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024