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Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX) -- Ignore unavailable to you. Want to Upgrade?

To: Frankly Speaking who wrote (953)	3/23/2010 2:40:28 PM
From: kidl	Respond to of 960

I got the pdf file by email. Tried to post a link but that doesn't work. PM me an email or ask CIBT to email it to you directly.

To: Frankly Speaking who wrote (953)	5/10/2010 7:10:08 PM
From: kidl	1 Recommendation Read Replies (1) \| Respond to of 960

May 10th, 2010 Dear CIBT Shareholder: I am pleased to provide a report on our corporate progress, financial highlights for the past year, and growth prospects looking forward. Financial Update: In terms of our overall fundamental performance, our revenue has grown from $5.3M in 2006 to $44.5M in 2009, and we are projecting revenue of $56M for 2010, and $70.5M for 2011. This represents five year growth of 956% and six year growth of 1,230%. Our EBITDA cash flow earnings for 2009 was $2.56M and we are projecting $4M for 2010 and as of Feb 28 2010 our cash on hand was $12.5M. In the past year our share price has posted a gain of 67% from the 52 week low of $0.52 to a high of $0.87 as we continue to recover from the economic and market collapse that occurred in 2008. Our six month revenue* was up 10.6% from $20.3M to $22.5M and our gross margin was up 4.5% from 61.8% to 66.4%, which reflects the healthy margins of our business. Our net income** was $2,035,316 for the six months ended February 28, 2010 compared to net income of $72,857 for the six months ended February 28, 2009 for earnings per share (EPS) of $0.03 for the six months, inclusive of all tax losses recovery and related cash savings. Our earnings before interest, taxes, depreciation and amortization (EBITDA) was $1,141,147 for the same six month period compared to $1,276,375 for the six month period ended February 28, 2009, which reflected a decrease of 1.2% due to acquisition related Professional Fees. Revenue did not include the KGIC acquisition, which is expected to add approximately $8M to our revenue in the coming six months, and $17M in revenue for 2011 *Please note the Tax credit that the company received increased the net earnings and will save the company approx. $2.4M in corporate tax expenses for the next two years. The tax credit was related to past year tax losses which will provide a benefit to the company and its shareholders by increasing earnings for the next 2 years and reduce cash expenses for taxes levied. Business Expansion: We completed the acquisition of KGIC International College on March 15th 2010 for $5M in cash plus incentives. KGIC generated $16.19M in 2009 which will be reflected in our 2010-2011 financials. As a result of this acquisition, we are now the largest private college in Canada with over 12,000 students and business presence at 72 locations in 18 countries. Our internal target is to reach $100M revenue in the coming two years. Corporate Finance: On a going forward basis, we are currently raising an additional $15M in financing to be underwritten by Maxim Group of New York, and Barrington Research of Chicago. We expect to file our prospectus shortly. In conjunction with this capital raise, we will commence an institutional investor “road show” and expect to complete the transaction by July. Pricing of this financing will be set by July which will be based on negotiations with Underwriters and potential investors. After the completion of the financing, we will have approximately $25M in cash on hand, and we expect to increase our U.S shareholder base from hundreds to thousands, in addition to our current 3,000 (approx.) Canadian shareholders. We will also have gained several U.S institutional investors, mutual funds and investment banks to follow the company with a “$15M incentive” to introduce our company to their respective clients. Share Positions: Our Institutional shareholders have continued to maintain their holdings in CIBT with Mackenzie Cundill Fund at 8%, Camden Partners of Baltimore at 16%, and Investor Group of Toronto (Canada’s largest mutual fund with $58 billion dollars under management) became a 4% shareholder as of Dec 2009. Market Activities: Due to the pending prospectus filing, we are required to adopt a “quiet period” and must be cautious of investor relations (IR) activities that may serve to “abnormally” promote the stock. However, the company may continue to conduct its normal course of IR activities with care and diligence. TSE Listing: I am also pleased to report that in addition to our senior trading status on the AMEX NYSE, we have been approved for a Toronto Stock Exchange listing (TSE) and expect to commence trading on the TSE in May. This is a significant development for the company and its shareholders which will provide many benefits going forward. Our visibility and credibility will be greatly enhanced and we will be more attractive for Institutional Investors and Analysts. In summary, we have made significant corporate progress and with the recent acquisition of KGIC, we have increased our revenues substantially, added a broader base of students to our infrastructure and increased our enterprise value as a company. We are working hard to continue to increase our earnings, cash flow, and market share which we believe will eventually be reflected in our share price. Please find an updated Corporate Power Point attached to this email for your interest. Sincerely, Toby Chu This email and any attachments may contain confidential and privileged information. The contents of this email may not be distributed or communicated with any other party without the sender's express written consent. If you are not the intended recipient, please notify the sender immediately by return email, delete this email and destroy any copies. Any dissemination or use of this information by a person other than the intended recipient is unauthorized and may be illegal.