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CIBT Education Group Inc. (TSX:MBA)(OTCQX International:MBAIF) announced approval for a normal course issuer bid (NCIB) to repurchase up to 3,423,000 common shares, equating to about 5% of its outstanding shares. The maximum acquisition cost is approximately $3,000,000. The buyback is driven by the belief that recent market prices do not reflect the company's value and prospects. Purchases will occur over a 12-month period starting March 21, 2022. CIBT previously bought back 2,734,500 shares at an average price of $0.70685507.

CIBT Education Group Inc. (TSX:MBA)(OTCQX:MBAIF) has received approval from the Toronto Stock Exchange for a normal course issuer bid (NCIB) to repurchase up to 3,423,000 common shares at a maximum cost of $3,000,000. This represents approximately 4.999% of its issued shares as of March 16, 2022. The NCIB is set to run from March 21, 2022 to March 20, 2023, with the aim of enhancing shareholder value amidst current market prices perceived as undervaluing the company.

CIBT Education Group Inc. (MBAIF) announced the results of its recent annual general meeting, where all nominated directors were successfully elected. Key voting results include:

• Morris Chen: 99.73% in favor
• Toby Chu: 91.57% in favor
• Tony David: 99.41% in favor
• Derek Feng: 99.41% in favor
• May Hsu: 99.41% in favor
• Troy Rice: 99.41% in favor
• Shane Weir: 99.43% in favor

CIBT Education Group Inc. (MBAIF) reported strong financial performance for Q1 F2022, with total revenues reaching $17.07 million, marking a 19% increase compared to the previous year. Notably, educational revenues from Sprott Shaw College surged by 8% while international college revenues skyrocketed 209%. Rental revenues also rose by 145%, contributing to overall EBITDA growth of 16%. Despite a slight decrease in net income attributable to shareholders, the company maintains a solid balance sheet with total assets up 1% to $526.43 million.

CIBT Education Group (TSX:MBA)(OTCQX:MBAIF) reported its annual financial results for fiscal year ended August 31, 2021, with total revenues at $60.87 million, marking a 3% decline from the prior year. However, net income surged 209% to $5.18 million, while net income attributable to shareholders climbed 283% to $4.7 million. The income per share rose 250% to $0.07. The company successfully raised over $8.4 million in equity and completed $171 million in financing, amidst ongoing pandemic challenges.

CIBT Education Group has reported significant advancements in its education services following the post-pandemic economy's reopening. The company has launched new programs, including Dental Assistant and Cybersecurity, complementing its existing 130 programs. In fiscal 2021, it achieved a 24.5% increase in student registrations and a 30% rise in tuition revenue. The international education sector is recovering, with strong demand expected for English as a Second Language (ESL) courses. Additionally, CIBT has committed $500,000 in scholarships to support vulnerable youth.

CIBT Education Group (TSX:MBA)(OTCQX:MBAIF) has reported positive trends in its academic assets and real estate investments. Enrollments at Sprott Shaw College are rising as Canada opens its borders to international students. GEC Education Mega Center has received rezoning approval, with a $300 million budget. Occupancy rates for GEC properties are at 90-100%, and rental rates have returned to pre-COVID levels. The company is negotiating multiple real estate transactions and plans to develop over 1.14 million square feet in fiscal 2022.

CIBT Education Group (TSX:MBA)(OTCQX:MBAIF) announced its flagship project, GEC Education Mega Center, was featured in The Globe and Mail. This recognition enhances the company’s visibility in the education sector. CIBT, operating since 1994, manages a real estate portfolio exceeding $1.5 billion and provides services to over 11,000 students annually through its various educational subsidiaries.