April 10, 2008 TSX.V Symbol: MBA AMEX Symbol: MBA Mackenzie Financial Corporation reports that as result of purchases of common shares of CIBT Education Group Inc. by one or more of its mutual fund and private client managed accounts, the aggregate number of common shares on a flow through basis of CIBT Education Group Inc held by all of Mackenzie’s managed accounts at the end of March 2008 was 6,359,750 shares of all outstanding shares on a flow through basis.
Mackenzie’s previous report, dated March 10, 2008, reported holdings of 5,980,250 shares of CIBT. Since March 1, 2008, there has been an increase of 379,500 shares on a flow through basis.
For further details please refer to Mackenzie’s report which can be found at: http://www.cibt.net/news/media/pdf/20080411.pdf.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking Statements" as defined in the Private Securities Litigation Reform Act of 1995 may be required in this news release. These statements relate to future events or CIBT’s future financial performance. These statements are only predictions and may differ materially from actual future results or events. CIBT disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of CIBT’s competitors, the extent to which CIBT is able to develop new services and markets for their services, the time and expense involved in such development activities, the level of demand and market acceptance of their services and changes in our business strategies.