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January 31, 2014

Canada | Business

Loyalist to acquire Study English in Canada

Private ESL school operator Loyalist Group yesterday announced its buyout of a major rival in the Canadian market. Below is their press release.

Loyalist Group Limited is pleased to announce that it has entered into a definitive agreement for the acquisition of Study English in Canada ("SEC"), a licensed English-as-a-second-language (ESL) school operator with campuses in Toronto and Vancouver. The proposed acquisition would also include Upper Career College of Business & Technology ("UCCTB") campuses in Toronto and Vancouver.

SEC had consolidated revenues of $9.5 million and net income of $1.16 million in the most recent 12-month period. Loyalist will pay $5.5 million for SEC, of which approximately $3.46 million will be paid in cash or cash equivalents and, subject to certain closing adjustments, $2.04 million will be paid through the issuance of Loyalist common shares, with $600,000 worth of such shares being held in escrow for a period of 10 months following closing as security for certain defined post-closing adjustments. The parties expect to complete the transaction on or around February 5, 2014.

"This acquisition adds a well-respected and highly profitable operation to the Loyalist family," said CEO Andrew Ryu. "It also increases our presence in the Toronto market and, more importantly, bolsters our presence in Europe, from which SEC attracts many of its students. I look forward to working with the SEC team as colleagues and fellow shareholders as we continue to build Loyalist."

Completion of the transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

About SEC
Study English in Canada is a prestigious English Preparation School. SEC offers highly tailored, results-driven programs at both its Toronto and Vancouver campuses. Its curriculum structure allows students to design personal, specialized schedules in order to reach their goals.

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.

Loyalist Group Limited website.

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January 09, 2014

Canada | Business

Loyalist Group launches franchise program

loyalist-group-logo.gifLoyalist Group, a leading operator of ESL schools across Canada, has announced a new franchise program that aims to increase its global reach.

Loyalist Group Limited is pleased to announce that it has launched a program to licence its best-in-class English-as-a-second-language curriculum for overseas schools.

Under the program, Loyalist will offer its curriculum and grant its own diplomas to franchisees and their students in exchange for a combination of fees and royalty payments. Loyalist expects that franchising will create substantial high-margin revenues by allowing the Company to earn income from overseas students who choose to study in their own countries.

Loyalist is targeting four countries for the launch of the program: Mexico, China, Turkey and South Korea. Setup fees payable by the franchisee to Loyalist range from $0 to $100,000 while royalty rates range from 5-20% of gross revenues (or $50 per student per month).

Loyalist has already signed 5 franchise agreements, and expects to add several more franchise agreements per quarter over the coming years.

Read the full press release from Market Watch.

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December 13, 2013

Canada | Adult Education

British Columbia colleges, universities to lose ESL funding

Ottawa expected to negotiate directly with community groups to provide English classes to immigrants.

B.C. colleges and universities that teach English as a second language to recent immigrants were told Tuesday their funding will probably end on March 31.

The province knew changes would be coming since the federal government announced in 2012 that it would be cancel the Canada-B.C. Immigration Agreement, which funded the training, said Amrik Virk, B.C.’s advanced education minister.

“We are still waiting for an official decision on how the federal government plans to deliver English language training on April 1, 2014,” Virk said in a statement. “However, it seems unlikely that the funding that flows through the ministry to institutions will be replaced.”

The cut amounts to about $17 million, which paid for more than 9,000 ESL students to learn English tuition-free last year. Vancouver Community College provided 46 per cent of the ESL training under the program, with Camosun College on Vancouver Island second at 14 per cent, according to the Advanced Education Ministry.

Read the full article from The Vancouver Sun.

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November 06, 2013

Canada

Canada: Teachers protest cuts to ESL programs

ESL teachers in Southern Ontario, Canada are protesting cuts made to English language programs for newly arrived immigrants.

While many immigrants choose the Peel region as their first home, there have been dramatic cuts to the English classes offered to assist them with the transition. Peel English as a Second Language (ESL) teachers say they want to know why the Peel District School Board (PDSB) is targeting ESL classes with these cuts.

Acquiring English language skills is essential to improving the lives of new Canadians, they say, and ESL training allows them to access education and work opportunities, and become integrated into Canadian life.

"Why is Ontario cutting ESL classes for new Canadians?" said OPSEU president Warren (Smokey) Thomas. "If this government is truly committed to ensuring immigrants are able to get decent jobs, these classes must be made a priority."

Since 2011, the number of Peel ESL classes has been cut by close to 50 per cent. While 127 teachers were employed by the Peel District School Board to deliver ESL classes in 2011, only 67 have been hired this year. Many full-time teaching positions have been reduced to part-time, and class size requirements have increased meaning it is more likely they will be cancelled.

Read the full article on Caledon Enterprise.

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October 04, 2013

Canada | Events

Record Ontario communities proclaim ESL Week, Oct. 20-26

teach-English-in-Canada.jpgThe upcoming ESL Week is part of efforts in Ontario to raise awareness of the importance of English language learning opportunities in Canada.

To date, a record number of 45 Ontario communities have proclaimed English as a Second Language (ESL) Week for October 20 - 26 this year. The annual celebration of ESL education and learning will take place throughout the province at this time.

Created by TESL Ontario (Teachers of English as a Second Language), ESL Week involves Ontario communities, thousands of ESL professionals, students of all ages, and many learning institutions and school boards.

For the past several years, ESL Week continues to raise awareness of the importance of ESL education for Ontarians and newcomers to Canada. According to Renate Tilson, executive director of TESL Ontario, "ESL Week enables us to thank the language training professionals who help new Canadians adapt to our culture. At the same time ESL Week acknowledges the determination of those new to our country to learn English."

Read the full press release from Digital Journal.

Read more about ESL Week on the TESL Ontario website.

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About Canada

This page contains an archive of all entries posted to ELT News in the Canada category. They are listed from newest to oldes.

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