Loyalist Group Limited

Loyalist Group Limited

April 13, 2015 08:00 ET

Loyalist Appoints Shant Poladian as Division President to Lead Student Housing Initiative

TORONTO, ONTARIO--(Marketwired - April 13, 2015) - Loyalist Group Limited ("Loyalist" or the "Company") (TSX VENTURE:LOY) is pleased to announce the appointment of Shant Poladian as Division President, Student Housing.

Mr. Poladian is an accomplished leader in the capital markets and real estate industries.

His experience includes:

  • Chief Executive Officer, FAM REIT
  • Director and Audit Committee Member, AMICA Mature Lifestyles Inc.
  • Executive, Huntingdon Capital Corp., a real estate investment firm
  • Managing Director and Equity Research Analyst, Real Estate/REITs, Canaccord Genuity Inc.

"Shant's knowledge and experience in the real estate arena is precisely what Loyalist needs for our student housing initiative to accelerate its growth," said Andrew Ryu, Chief Executive Officer of Loyalist.

Mr. Poladian added: "Our objective is to create a best-in-class real estate company with unmatched velocity to drive shareholder value from day one. This new real estate company will have proprietary access to Loyalist's large and growing base of overseas students for the provision of rental accommodation and related services during their stay in Canada. I believe this propriety access will give us a significant and durable competitive advantage over the traditional multi-family rental apartment segment. We will leverage this competitive advantage as our fuel to create significant value and growth in super-prime locations concentrated mainly in Toronto, Vancouver, and Victoria."

Mr. Wilbur Wong will also be joining the team as Senior Vice-President, Investments. Mr. Wong has extensive experience and was the VP Investments for FAM REIT.

About Loyalist

Loyalist 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 proposed student housing initiative and the financial impact of the transaction, if completed, on the Company and the spun-off housing business. 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 as well as future results, including but not limited to: risks related to any of the Company's announced or proposed acquisitions or other transactions, including the transaction referenced in this news release, failing to close or becoming delayed before closing; the Company's reliance on its South Korean contract; carrying on business and activities in international jurisdiction where Canadian laws do not apply; the Company's ability to service its outstanding indebtedness and the impact of that indebtedness on the Company's ability to raise additional capital, fund operations or meet business objectives; any loss of certain key personnel; levels of student enrolment; delays in rolling out the online education programs; competition in the educational services market; and currency fluctuations.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated or intended. 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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