CIBT Education Group to Enter E-Commerce Market via GECLiving.com
December 18th, 2017: CIBT Education Group Inc. (TSX:MBA, OTCQX International: MBAIF) (“CIBT”) is pleased to report that it has commenced development of its future e-commerce platform called GECliving.com (“GEC Living”) . GEC Living is an on-line web portal and mobile application supporting Apple and Android platforms.
GEC Living will be a centralized portal that will allow a selected group of suppliers to offer their services to students living at CIBT-managed properties, enrolled in CIBT’s schools or enrolled with its partner schools. Services offered to students could include:
- Airport pickup upon arrival in Vancouver, and departure car service
- GEC® housing reservation and bookings or homestay referral services
- Tutoring services during their study in Vancouver
- Insurance purchases – medical and life insurance
- Cell phone plans and long distance cards
- Weekend excursion packages (Whistler, Blackcomb, Banff tours etc.)
- Airplane ticket purchases (international students purchase an average of 4 to 6 tickets per year)
- Meal and grocery delivery services
- Consulting services such as school recommendations, immigration consultants, legal services, accountants and medical services
- Car and bike rental for weekend activities
- Online shopping of all daily essentials, furniture, appliances, clothing, books and supplies etc.
- Promotional activities for special events and discount sales by various department stores
For example, our education subsidiaries, Sprott Shaw College (since 1903), Sprott Shaw Language College, VIC Vancouver International College and CIBT Business Schools in Asia enroll over 15,000 students annually. Taken into account the students living at CIBT’s managed properties and students enrolled in its corporate owned and partner schools, the volume and size of this opted-in market is unique and substantial.
“Given the importance of staying up to date on technology trends, and the difficulty faced by students in accessing everyday living needs, we have initiated this application as a one stop shop tool to connect various suppliers of products with our loyal base of 15,000 plus students,” said Toby Chu, CEO and Chairman of CIBT Education Group. “As a long time education services provider and now a growing student housing player in British Columbia, we have built a strong database of customers, suppliers and partners. This tool serves as a way to not only make life easier for a student looking to access various necessities with their mobile device but also as a means of generating high margin ancillary revenue for our shareholders.
“Management believes the potential to offer daily living services to these students is tremendous,” continued Toby Chu. “Students arriving in Vancouver, Canada from out of country (international) and out-of-town (domestic) need assistance to familiarize themselves with their new city. Arriving in a new city can be a traumatic experience, especially for international students coming from abroad. GEC Living.com will provide all sorts of services from landing in Vancouver, to excursion services during the weekends, meal ordering every day and tutoring services throughout their stay while studying in Vancouver. Parents will feel better knowing their children are in good hands, and our suppliers will earn additional businesses from a group of opted-in and loyal customers.”
There are many essential services needed by students from abroad and across Canada. Suppliers cooperating with GEC Living will provide group discounts to CIBT’s opted-in clients. Students and parents may subscribe and pre-pay these services on-line and while they are abroad. All transactions will be directed through the GEC Living portal and is expected to create significant sales revenue to GEC Living. This is a win-win-win arrangement for students, suppliers and CIBT shareholders.
About CIBT Education Group:
CIBT Education Group Inc. is one of the largest education and student housing investment companies in Canada, focused on the global education market since 1994. Listed on the Toronto Stock Exchange and U.S OTCQX International, CIBT owns business and language colleges, student housing properties, recruitment centers and corporate offices at 44 locations in Canada and abroad. Total annual enrollment for the group exceeds 15,000 students. Its education providers include Sprott Shaw College (established in 1903), Sprott Shaw Language College, Vancouver International College and CIBT School of Business. Through these schools, CIBT offers business and management programs in healthcare, hotel management, language training, and over 150 career, language and vocational programs. CIBT’s property investments are held by Global Education City Holdings Inc., an investment holding and management company focused on developing education related real estate such as student hotels, serviced apartments and education super centers totalling over $600 million. CIBT also owns Global Education Alliance Inc. (“GEA”) and Irix Design Group Inc. (“Irix Design”). GEA recruits international students for many elite kindergarten, primary and secondary schools, colleges and universities in North America. Irix Design is a leading design and advertising company based in Vancouver, Canada. Visit us online and watch our corporate video at www.cibt.net.
For more information contact:
Chairman, President & CEO
CIBT Education Group Inc.
Investor Relations Contact: 1-604-871-9909 extension 310 or | Email: firstname.lastname@example.org
Some statements in this news release contain forward-looking information (the “forward-looking statements”) about CIBT Education Group Inc. and its future plans. Forward-looking statements are statements that are not historical facts. The forward-looking statements in this news release include, without limitation, statements about the planned establishment of an e-commerce platform called GECliving.com, the services to be offered thereunder and the demand for such services. 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 to successfully develop and market the proposed e-commerce platform. 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.