CIBT to Focus on Canadian Listing

FSC / Press Release 
CIBT to Focus on Canadian Listing 
Vancouver, British Columbia CANADA, April 16, 2013 /FSC/ - CIBT Education Group
Inc. (MBA - TSX, MBA - NYSE MKT),(the "Company") reports that it intends to
voluntarily delist its common shares from trading on the NYSE MKT LLC (the "NYSE
MKT") and to voluntarily terminate registration of its common shares under the
U.S. Securities Exchange Act of 1934 (the "Exchange Act"). It is expected that
trading of the common shares will be ceased and the Company will be delisted
from the NYSE MKT (the "Delisting") on or about May 6, 2013. Common shares of
the Company will continue to be listed for trading on Toronto Stock Exchange
(the "TSX") after the Delisting from the U.S. market, and shareholders in the
United States can continue to trade their shares using the facilities of the
TSX. The Company may consider a future listing on other world markets if
justified based on the investment climate. 
The Company's decision to delist and deregister its common shares is voluntary,
based on the fact that as of the beginning of 2013 the Company had fewer than
300 shareholders of record of its common shares on a worldwide basis and fewer
than 300 shareholders in the U.S. The decision was not based on the receipt of
any notice that the Company had failed to satisfy any rule or standard for
continued listing on the NYSE MKT or asserting any material non-compliance with
NYSE MKT rules. 
The Company's board of directors has considered the benefits of the Company's
common shares being listed on two publicly traded stock exchanges, the TSX and
NYSE MKT, however the trading volume of shares on the NYSE MKT has been limited
since the Company was listed in April 2008. In addition, the compliance costs
and administrative burden of maintaining the listing of common shares on the
NYSE MKT and registration with the Securities and Exchange Commission in the
United States (the "SEC") are relatively significant, which has not resulted in
additional benefit for the Company's shareholders in view of the limited trading
volume. Compliance with registration requirements also places demands on the
time and attention of management. As a result, the board of directors has
determined that it is not in the best interests of the Company to maintain a
listing on the NYSE MKT. 
In connection with the Delisting, the Company formally notified NYSE MKT on
April 16, 2013 of its intention to delist and deregister by filing a Form 25 -
Notification of Removal from Listing and/or Registration under Section 12(b) of
the Securities Exchange Act of 1934, and a Form 15F - Certification of a Foreign
Private Issuer's Termination of Registration of a Class of Securities Under
Section 12(g) of the Securities Exchange Act of 1934 or its Termination of the
Duty to File Reports Under Section 13(a) or Section 15(d) of the Securities
Exchange Act of 1934.  Filing of the Form 25 and Form 15F is expected to occur
on or after April 26, 2013. 
Filing of the Form 15F will voluntarily terminate the registration of the
Company's common stock with the SEC and suspend its reporting obligations under
the Exchange Act. The Company expects that deregistration of its common shares
will become effective 90 days after filing the Form 15F. 
Further information about the Company is available in its annual report on a
Form 20-F filed with the SEC on EDGAR. 
ON BEHALF OF THE BOARD OF DIRECTORS 
"Toby Chu" 
Toby Chu
Vice-Chairman, President & CEO 
Investor Relations Contact: N. America Toll Free: 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 the Company and its expectations concerning
future events. The Company undertakes no obligation to update any of these
forward-looking statements, except as may be required by the applicable
securities laws of Canada and/or the United States. Although the Company
believes that these expectations are based on reasonable assumptions, based on
the knowledge of its business and the experience of management, there can be no
assurance that actual results will not differ materially from expectations. Any
forward looking statements herein speak only as of the date of this news release
and may not come to pass. Readers are cautioned not to place undue reliance on
any forward-looking statements. Actual results could differ significantly as a
result of various factors. The above news release states that the Company
intends to delist its common shares from trading on the NYSE MKT and to
deregister such stock under the Exchange Act and that such actions are expected
to occur within a specified time frame. However, unforeseen events may occur
that may result in a delay or prevent the occurrence of the delisting and/or the
deregistration. Forward-looking statements involve risks and uncertainties
because they relate to events and depend on circumstances that may or may not
occur in the future. It is not possible to predict or identify all factors that
could possibly cause actual results to differ materially from expected and
historical results. 
Neither the NYSE MKT-LLC nor the Toronto Stock Exchange accepts responsibility
for the adequacy or accuracy of this news release. 
CIBT EDUCATION GROUP INC.
International Head Office:
Suite 1200, 777 West Broadway Vancouver, BC V5Z 4J7
Tel: 604.871.9909 Fax: 604.871.9919
Email: info@cibt.net Web: www.cibt.net 
To view this release as a PDF, click on the link below:
http://www.usetdas.com/pr/cibtPRapril16.pdf 
Source:  CIBT Education Group Inc. (MBA - TSX-V) (MBA - NYSE Amex)
http://www.cibt.net
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-0- Apr/16/2013 19:35 GMT
 
 
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