Loyalist Enters Student Housing Market
06 Dezembro 2013 - 11:26AM
Marketwired
Loyalist Enters Student Housing Market
TORONTO, ONTARIO--(Marketwired - Dec 6, 2013) - Loyalist Group
Limited ("Loyalist") (TSX-VENTURE:LOY) is pleased to announce a
major new student housing initiative.
Loyalist has commenced a fully operational pilot program
offering housing to its students. The company has leased properties
in Toronto, Vancouver, Victoria and Halifax capable of housing 104
students. The properties are 100% presold for the first six months
of 2014. The financial returns to Loyalist are extremely
compelling. More importantly, we believe offering our students a
full complement of services will further enhance our reputation as
Canada's leading English-as-a-second-language (ESL) educator.
Loyalist CEO, Andrew Ryu, commented "we are listening to our
students, many of whom worry about accommodation prior to arrival
in Canada. We would rather our students' concentrate on their
studies so we are offering safe and secure housing that meets
Loyalist's best-in-class. Our shareholders will also be rewarded by
this initiative, which has been contemplated for some time."
Mr. Ryu continued "If the pilot project is successful, which we
fully expect, Loyalist will continue adding properties to ensure
the needs of its students are met."
About Loyalist
Loyalist Group Limited (the "Company") owns and operates private
English as a Second Language (ESL) Schools, Career Colleges and
Community Colleges in Toronto, Vancouver, Victoria and Halifax.
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 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 the Corporation's beliefs regarding future
events, plans or objectives, many of which, by their nature, are
inherently uncertain and outside of the Corporation'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 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, the
Corporation 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 the Corporation 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 statements as well as future results, including but
not limited to: risks related to any of the Corporation's announced
or proposed acquisitions failing to close or becoming delayed
before closing; the Corporation'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 the
Corporation 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 the Corporation 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 contained in this
press release is made as of the date hereof, and the Corporation
does not undertake to update any forward-looking information 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 the Corporation
or persons acting on its behalf is expressly qualified in its
entirety by this notice.
Loyalist Group LimitedDavid McAdamVP Corporate Development(604)
961-3513dmcadam@loyalistgroup.comLoyalist Group LimitedAndrew
RyuCEO(416) 969-9800 x222aryu@loyalistgroup.com
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