October 06, 2015 21:00 ET

KGIC Appoints Robert Morrison to Board of Directors

TORONTO, ONTARIO--(Marketwired - Oct. 6, 2015) - KGIC Inc. ("KGIC" or the "Company") (TSX VENTURE:LRN) is pleased to announce the appointment of Mr. Robert J. Morrison to the Board of Directors, effective immediately.

Mr. Morrison is a private investor, Chartered Financial Analyst, and presently the Company's largest common shareholder, with direct and indirect holdings of 24.4 million common shares, representing approximately 13.1% of the Company's issued and outstanding shares. Mr. Morrison has published in the field of corporate governance and has Canadian public company board level experience.

"I would like to welcome Robert to our Board at this important juncture as we see our Optimization Plan begin to bear fruit and we evaluate various strategies as part of the next phase of our turnaround," said Shawn Klerer, Chief Executive Officer.

About KGIC Inc.

KGIC Inc. owns and operates private English as a Second Language (ESL) Schools, Career Colleges and Community Colleges in Toronto, Vancouver, and Victoria.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • KGIC Inc.
    Shawn Klerer
    Chief Executive Officer
    (416) 969-9800