CIBT Engages INTL FCStone for Project Financing
05 Novembro 2014 - 12:00PM
Business Wire
CIBT Education Group Inc. (TSX:MBA, OTCQX International:
MBAIF) (“CIBT Group”) is pleased to announce that it has
engaged INTL FCStone Securities Inc. (“INTL FCStone”),
member FINRA/SIPC/MSRB to identify institutional real estate
investors to arrange project financing, and to provide investment
banking and financial advisory services. CIBT Group is
contemplating total project-level equity financing of approximately
US$100 million. The purpose of the financial advisory services is
to assist CIBT Group in expanding its network and financial
resources, and to assist CIBT Group in developing a series of
education themed real estate projects including the Education Super
Center and over a dozen rental apartments and student centric
hotels for foreign students and IT workers. The total size of CIBT
Group’s Global Education City project is projected to reach $0.5
billion within 3 years which is equivalent to 5,000 rental beds
throughout Metro Vancouver.
“This contract is intended to provide additional financing for
our portfolio of education themed real estate projects, allowing us
to focus on our core businesses,” commented Toby Chu, President,
Chief Executive Officer and Vice Chairman of CIBT Education Group
Inc. “Working with INTL FCStone, we are one step closer to our
vision of providing convenient and affordable housings for
international students, while improving CIBT Group’s services,
enhancing students’ experiences, and increasing value for our
shareholders”.
About INTL FCStone:
INTL FCStone Inc., the parent company of INTL FCStone Securities
Inc., is a Fortune 500 financial services firm (ranked #66 in 2014)
specializing in commodity trading in addition to foreign currency
exchange and treasury services, OTC securities execution and asset
management. Headquartered in New York City, USA, INTL FCStone Inc.
and its subsidiaries serve more than 100,000 customers through a
network of 30 offices in 13 countries employing over 1,100
employees. Customer, non-securities related, assets managed by
subsidiaries of INTL FCStone Inc. totaled $1.7 billion and traded
$68 billion of physical commodities in 2014. INTL FCStone
Securities Inc was ranked as the #1 Market Maker in over 2,100
Securities in 2013, and was ranked 4th in Market Maker Volume.
INTL FCStone Securities Inc. provides financial services to its
clients from across the globe with a comprehensive range of
customized advisory and capital raising services.
About CIBT Education Group:
CIBT Education Group Inc. is an education management company
focused on the global education market since 1994. Listed in Canada
on the Toronto Stock Exchange and in the U.S on the OTCQX
International, CIBT Group owns and operates a network of business,
technical and language colleges in North America and Asia. CIBT
Group offers cooperative joint programs in 12 countries with
campuses, recruitment offices and training centers enrolling over
6,500 students annually. Its education business is operated through
Sprott Shaw College (established in 1903), Acsenda School of
Management, CIBT School of Business China, and Global Education
Alliance Recruitment Centers in China and other overseas countries.
Through these subsidiaries, CIBT Group offers Western and Chinese
accredited business and management degrees, programs in college
preparation, healthcare, hotel management and tourism, English
language training, English Teacher Certifications, junior and high
school preparation programs for overseas study, and other
career/vocational training. CIBT Group also owns Irix Design Group,
a leading design and advertising company based in Vancouver,
Canada, Global Education Alliance (“GEA”) and Global Education City
Holdings Inc. (“GEC”). GEA recruits international students for many
elite kindergarten, primary, secondary schools and universities in
North America. GEC is an investment holding and management company
with a special focus on education related real estate projects in
Canada. Visit us online at www.cibt.net.
For more information contact:
Toby Chu Vice-Chairman, President & CEO CIBT Education Group
Inc. Investor Relations Contact: 1-604-871-9909 Email:
info@cibt.net
FORWARD-LOOKING STATEMENTS:
Some statements in this news release contain forward-looking
information (the “forward-looking statements”) about CIBT
Group and its future plans. Forward-looking statements are
statements that are not historical facts. The forward-looking
statements in this news release are subject to various risks,
uncertainties and other factors that could cause the company's
actual results or achievements to differ materially from those
expressed in or implied by forward-looking statements. With respect
to the statement in this news release as to expectations of the
receipt of financing for the Global Education City project through
the agreement with INTL FCStone, these risks, uncertainties and
other factors include, without limitation, uncertainty as to the
company's ability to close financings with prospective investors
introduced by INTL FCStone. With respect to the statement in this
news release as to the projected size of the Global Education City
project reaching $0.5 billion within 3 years, these risks,
uncertainties and other factors include, without limitation,
uncertainty as to the company's ability to identify suitable
additional locations, to negotiate the purchase of such locations
on favourable terms, and to obtain the required local government
approvals. Forward-looking statements are based on the beliefs,
opinions and expectations of the company's management at the time
they are made, and CIBT Group does not assume any obligation to
update its forward-looking statements if those beliefs, opinions or
expectations, or other circumstances, should change.
CIBT Education Group Inc.Toby Chu, 604-871-9909Vice-Chairman,
President & CEOinfo@cibt.net
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