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About Osprey reviews toronto raptors Money ManagementOsprey air canada centre raptors devises Money Management provides fee-based financial consulting and portfoliomanagement concentrating on capturing market returns and reducing risk.Principal Kasey Claytor is author of The 7 Big Mistakes Investors Makes & the 7Habits of Successful Investors and 7 Laws of Raising Financially IndependentKids. Visit or call 321-383-4005. Osprey Money ManagementKasey Claytor, 321-383-4005orMcBride Woodbridge MarketingAmelia Woodbridge, 321-837-1000 Copyright Business Wire 2009 Raptors tickets – nba . VANCOUVER, Jan 19 /PRNewswire-FirstCall/ – CIBT Education Group Inc Toronto Raptors .

(the”Company”) (NYSE Alternext & TSXV symbol: MBA) is pleased to report its fiscal2009 first quarter operating results (unaudited) as of November 30th 2008.On June 26th, 2008, the Company changed its fiscal year end from June 30th toAugust 31st to coincide with the fiscal year end of the Company’s majoroperational subsidiary, Sprott Shaw Degree College Corp toronto star raptors . (“SSDC”), which wasacquired in December 2007, and to coincide with the fiscal year end date mostcommonly used in the education industry basketball Toronto Raptors tickets – nba . Also, as a result of the acquisitionof SSDC, effective September 1st, 2008, the Company changed its reportingcurrency from US dollars to Canadian dollars, which is the functional currencyused by SSDC, due primarily to SSDC’s financial contribution to the operationsof the Company.OVERALL PERFORMANCEFor the first quarter ending November 30, 2008, the Company’s gross revenuestotalled $10.521 million dollars as compared to revenues of $3.117 million forthe quarter ending December 31, 2007, an increase of 238% bulls raptors . The Companygenerated an EBITDA (Earnings Before Interest Taxes Depreciation &Amortization) of $767,820 buy raptor tickets . Adjusting the EBITDA for Stock-Based Compensation,a non-cash expense item that has no impact on the Company’s operating cashflow, would result in an adjusted EBITDA of $984,775 for the first quarter offiscal 2009. Total Net Income, inclusive of all non-cash expenses, for thefirst quarter ending November 30, 2008 was $149,669.

Using an EBITDA analysisallows management to isolate financial statement items that contribute to thechanges in income (loss) figures . As of November 30, 2008, the Company’s cashposition increased to $13 nba.com – raptors .082 million as compared to the Company’s August 31,2008 fiscal year end cash position of US$10.932 million.As of November 30, 2008, CIBT’s total student enrollment was 3,064 compared to3,458 for the period ending December 31, 2007 buy raptors tickets . Revenue per student averagedChinese RMB 5,476 for the three months ending November 30, 2008 compared to anaverage of Chinese RMB 4,518 per student for the three months ending December31, 2007, representing an increase of 21% buy toronto raptor tickets . The decrease in student enrollmentand increase in the average revenue per student was a result of CIBT’s changein business strategy from offering courses generating lower revenues withhigher student headcount to courses generating higher revenues with lowerstudent headcount.As of November 30, 2008, SSDC’s total student enrollment was 1,876 compared to1,728 for the period ending December 31, 2007, representing an increase of 9%.Revenue per student averaged $3,837 for the three months ending November 30,2008 compared to an average of $3,970 per student for the three months endingDecember 31, 2007, representing a marginal decrease of 3% Raptors . The studentpopulation increase was due to organic growth and the acquisition of ConcordiaCareer College and Modus International Language Institute raptors.com .

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