Loyalist Group Limited

Loyalist Group Limited

December 19, 2014 09:01 ET

Loyalist Announces New Management Appointments

TORONTO, ONTARIO--(Marketwired - Dec. 19, 2014) - Loyalist Group Limited ("Loyalist", the "Company") (TSX VENTURE:LOY) is pleased to announce a number of management appointments. The appointments are in line with Loyalist's ongoing process of developing strong management capabilities to continue its growth strategy.

Tony Kim has been appointed President of Operations. Mr. Kim has over 15 years of experience in the education services industry and was previously the owner of Study English in Canada ("SEC"), a licensed English as a second language school operator with campuses in Toronto and Vancouver. Loyalist acquired SEC in February, 2014. In his new position, Mr. Kim is responsible for all of Loyalist's school operations across its 25 campuses in Vancouver, Toronto, Victoria, and Halifax.

Sung Lim will assume the role of Chief Business Development Officer and will focus on Loyalist's acquisitions strategy and new business development.

Other management appointments include:

  • Steve Kang as Vice President of Finance,
  • Alex Kim as Vice President of Corporate Operations,
  • Steve Sohn as Vice President of Operations.

"We continue to establish a solid foundation on which to build our ambitious growth strategy," said Chief Executive Officer, Andrew Ryu. "The strong management team that we assembled will allow us to deliver solid top and bottom line growth."

In furtherance of Loyalist's brand strategy, Loyalist appointed Managing Directors for each of its brands. Loyalist operates several school brands, each with its own features and attributes, under the overall Loyalist umbrella. The following are the newly appointed Managing Directors:

  • Amanda Cabrera - PGIC,
  • Cindy Juarez - Cornerstone,
  • Anna Kielar - SEC,
  • Dylan Matter - MTI,
  • Barbara Godt - KGIC,
  • Nayoung Choi - UIS.

"Our multiple brand structure is unique in Canada and a strong differentiating factor in our service offering," said Andrew Ryu.

About Loyalist

Loyalist Group Limited owns and operates private English as a Second Language (ESL) Schools, Career Colleges and Community Colleges in Toronto, Vancouver, Victoria and Halifax.

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.

Forward-Looking Statements

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken, "will continue", "will occur" or "will be achieved". The forward-looking information contained herein includes information relating to the Company's management team. By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. Any number of important factors could cause actual results to differ materially from these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Accordingly, readers should not place undue reliance on any forward-looking information or statements contained in this press release. The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake to update any forward-looking information that is contained or referenced herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. All subsequent written and oral forward looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

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