Some statements in this news release contain forward-looking information (the “forward-looking statements“) about CIBT Education Group Inc. (“CIBT”) that are not historical facts. The forward-looking statements in this Q&A/website include, without limitation, the statement as to the epectation that CIBT’s real estate business will experience faster growth with higher profit than CIBT’s education business, and that the completion of the Education Mega Center®, the Richmond Education City and Cyber-City will substantially increase the rental income, assets, and balance sheet of CIBT. The forward-looking statements are subject to various risks, uncertainties and other factors (collectively, the “Risks“) that could cause CIBT’s actual results or achievements to differ materially from those expressed in or implied by forward-looking statements.
The Risks include, without limitation, the ability of CIBT’s subsidiary real estate limited partnerships to arrange equity investment and secure other required funding to acquire and build projects, usual construction risks, the ability to obtain all required municipal approvals, and the ability to continue to attract students to reside in GEC® branded accommodations.
Forward-looking statements are based on the beliefs, opinions and expectations of CIBT’s management at the time they are made, and CIBT does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances should change, except as may be required by law.