CIBT Appoints New Executive
June 28th, 2010 – CNW Newswire: CIBT Education Group Inc. (NYSE AMEX: MBA) (TSX: MBA) (“CIBT” or the “Company”) reports that effective immediately, Mr. Dennis Huang has been appointed as the Chief Financial Officer of CIBT. He has been working with the Company for the past four years as Executive Vice President of Finance, assisting the Company and its subsidiaries with corporate finance and accounting activities. Prior to joining CIBT, Mr. Huang held executive positions in the retail securities brokerage industry in Canada and China. Mr. Huang was registered with the BC Securities Commission with licenses to serve as Compliance Officer, Officer & Director, Alternate Designated Person, Alternate Registered Options Principal, Investment Representative and Director of Trading.
Mr. Huang holds a Master and Doctorate of Economics degree from Jinan University and earned his professional designation as Senior Economist from the Science and Technology Bureau of Guangdong province, China and the Financial Management Advisor designation from the Canadian Securities Institute. Mr. Huang has extensive knowledge in corporate finance, accounting and financial operations with global experience.
The Company also reports that due to family and time commitments, Mr. Tim Leong will resign from his position as Chief Financial Officer. He has been appointed as the VP of Finance and Accounting of CIBT effective immediately and will continue to provide accounting, financial and administrative services to the Company. ON BEHALF OF THE BOARD OF DIRECTORS
CIBT Education Group Inc.
Vice-Chairman, President & CEO
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Legal Notice Regarding Forward-Looking Statements: This news release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (United States). Statements in this news release which are not purely historical, are forward-looking statements and require any statements regarding beliefs, plans, expectations or intentions regarding future events or CIBT’s future financial performance. These statements are only predictions and actual results may differ materially from those predicted in any forward-looking statements due to numerous factors, 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. CIBT disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. The risks and uncertainties that could affect future events or CIBT’s future financial performance are more fully described in CIBT’s quarterly reports (on Form 6-K filed in the US and Form 51-102F1 filed in the Canada) and CIBT’s annual reports (on Form 20-F filed in the US and Canada) and other recent filings in the US and Canada. These filings are available on EDGAR at www.sec.gov in the US and on SEDAR at www.sedar.com in Canada.