Loyalist Group Limited
TSX VENTURE : LOY

Loyalist Group Limited

April 09, 2014 09:01 ET

Loyalist Appoints Sung Lim as Chief Operating Officer

TORONTO, ONTARIO--(Marketwired - April 9, 2014) - Loyalist Group Limited ("Loyalist" or the "Company") (TSX VENTURE:LOY) is pleased to announce that it has appointed Sung Lim as Chief Operating Officer of the Company. Mr. Lim was the founder of King George International College ("KGIC"), an accredited and licensed English-as-a-second-language (ESL) school and King George International Business College ("KGIBC"), a registered career college in Toronto, Vancouver, and Victoria, both of which were previously acquired by Loyalist.

"Mr. Lim joined Loyalist when KGIC and KGIBC were acquired from CIBT in September 2013 and has proven to be an active and astute operational business partner for Loyalist", stated Loyalist Chief Executive Officer Andrew Ryu. "We are most fortunate to have someone of Mr. Lim's skill set, with a long history of successful operations in the ESL sector, within the Loyalist family. This appointment is consistent with our consolidation strategy as it allows us to centralize responsibility for numerous operations under a single individual within our organizational structure".

Loyalist is also pleased to announce that it has added an additional 40 beds to its existing housing portfolio for occupancy starting in May 2014, bringing the total number of beds to 164.

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 and its housing portfolio. 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 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; 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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