Loyalist Group Acquires Uhak.com, South Korean Largest Student Recruiting Agency - Video News Alert on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - November 28, 2014) - Loyalist Group (TSXV: LOY) is acquiring all the shares of Uhak.com, a South Korean based student recruiting agency. Uhak is the largest South Korean based education information and counseling centre, with eight branch offices in South Korea and overseas offices in Canada, the United States, England, Australia, New Zealand and the Philippines.

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Uhak had consolidated revenue of $10.3 million, representing student tuition fees of approximately $40 million, and adjusted net income of $1.0 million, in the 12-month period ended September 2013.

Loyalist will pay $8.1 million for Uhak, of which $5.3 million will be paid in cash, subject to certain closing adjustments, and $2.8 million will be paid through the issuance of 5,384,615 Loyalist common shares at a price of $0.52 per share. $2.2 million of such shares being held in escrow for a period up to 24 months following closing as security for certain defined post-closing adjustments.

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 CEO, Andrew Ryu, stated: "This acquisition adds a new dimension to Loyalist's vertical integration strategy. By acquiring one of our largest agency partners, we will be in a position to reduce our direct costs of attracting students, as well as strengthening ourselves a source for growing our student population, with an expected annualized additional net benefit of approximately $2.0 million within the first year."

Loyalist recently entered into a new $18.5 million credit facility, which will allow the company to fund its planned aggressive growth and acquisition program.

The company currently trades at $0.56, and with 148.8 million shares outstanding, the company is capitalized at $83.3 million.

For more information, please visit the company’s website www.loyalistgroup.com, or contact David McAdam, VP Corporate Development at 604-961-3513 or email dmcadam@loyalistgroup.com.

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