CIBT Accepts New Investment into Recently Acquired Serviced Apartments Project

CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) and its subsidiaries (collectively, “CIBT Group”) are pleased to report the participation of an overseas investor in CIBT Group’s $44 million serviced apartments project (the “Project”) that was announced on May 12th 2014. As a result of the investment, the investor holds approximately 60% of the Project and CIBT Group holds the remainder. In addition, CIBT Group will be paid a fee of $1.485 million for developing and structuring the Project, payable in units of the limited partnership formed for this investment. CIBT Group has been appointed as manager of the Project for a term of twenty years and will be paid, as a management fee, a portion of the distributable cash from operations generated from the Project. The services to be provided by CIBT Group under the management agreement will include the following:  Recruit international students to reside in the serviced apartments  Provide landing services,
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