Global Education Communities Corp. Named a Top 100 Fastest-Growing Companies in B.C. by Business In Vancouver
Global Education Communities Corp. (GECC) has been recognized as one of the Top 100 Fastest-Growing Companies in British Columbia by Business in Vancouver (BIV) in 2024. The company, listed on TSX as GEC and OTCQX as GECSF, secured the 98th position on the list. GECC demonstrated impressive revenue growth of 10.7%, increasing from $70.997 million in fiscal 2019 to $78.603 million in fiscal 2023.
Toby Chu, Chairman, President and CEO of GECC, expressed pride in this recognition, highlighting the company's resilience in the face of economic challenges such as post-pandemic events, high inflation, and prolonged high interest rates. He affirmed GECC's commitment to executing their growth strategy, focusing on expanding their student rental portfolio and advancing their education segments.
Global Education Communities Corp. (GECC) è stata riconosciuta come una delle 100 aziende in più rapida crescita della Columbia Britannica da Business in Vancouver (BIV) nel 2024. L'azienda, quotata alla TSX come GEC e OTCQX come GECSF, ha ottenuto la 98ª posizione nella classifica. GECC ha mostrato un'impressionante crescita del fatturato del 10,7%, passando da 70,997 milioni di dollari nel 2019 a 78,603 milioni di dollari nel 2023.
Toby Chu, presidente e CEO di GECC, ha espresso orgoglio per questo riconoscimento, evidenziando la resilienza dell'azienda di fronte a sfide economiche come gli eventi post-pandemia, l'alta inflazione e i tassi d'interesse prolungati. Ha confermato l'impegno di GECC nell'eseguire la propria strategia di crescita, concentrandosi sull'espansione del portafoglio di affitti per studenti e sullo sviluppo dei segmenti educativi.
Global Education Communities Corp. (GECC) ha sido reconocida como una de las 100 empresas de más rápido crecimiento en Columbia Británica por Business in Vancouver (BIV) en 2024. La empresa, listada en TSX como GEC y OTCQX como GECSF, ocupó la 98ª posición en la lista. GECC demostró un impresionante crecimiento de ingresos del 10.7%, aumentando de 70.997 millones de dólares en el ejercicio fiscal de 2019 a 78.603 millones de dólares en 2023.
Toby Chu, presidente y CEO de GECC, expresó su orgullo por este reconocimiento, destacando la resiliencia de la empresa frente a desafíos económicos como los eventos post-pandémicos, la alta inflación y los prolongados altos tipos de interés. Afirmó el compromiso de GECC de ejecutar su estrategia de crecimiento, centrando su atención en ampliar su cartera de alquileres para estudiantes y avanzar en sus segmentos educativos.
Global Education Communities Corp. (GECC)는 2024년 Business in Vancouver(BIV)에서 브리티시컬럼비아주에서 가장 빠르게 성장하는 100대 기업 중 하나로 인정받았습니다. 이 회사는 TSX에 GEC로, OTCQX에 GECSF로 상장되어 있으며, 순위에서 98위에 올랐습니다. GECC는 10.7%의 매출 성장을 보이며, 2019 회계연도에 7,099만 달러에서 2023 회계연도에 7,860만 달러로 증가했습니다.
GECC의 회장 겸 CEO인 Toby Chu는 이 인정을 자랑스럽게 생각하며, 기업이 팬데믹 이후의 사건, 높은 인플레이션, 지속적인 고금리와 같은 경제적 도전에 직면하여 탄력성을 보여주었다고 강조했습니다. 그는 GECC가 성장 전략을 실행하는 데 전념하고 있다고 확인하며, 학생 임대 포트폴리오의 확장과 교육 부문 발전에 집중하고 있다고 밝혔습니다.
Global Education Communities Corp. (GECC) a été reconnue comme l'une des 100 entreprises à la croissance la plus rapide en Colombie-Britannique par Business in Vancouver (BIV) en 2024. L'entreprise, cotée à la TSX sous le code GEC et à l'OTCQX sous le code GECSF, a obtenu la 98ème place dans le classement. GECC a montré une impressionnante croissance des revenus de 10,7%, passant de 70,997 millions de dollars en 2019 à 78,603 millions de dollars en 2023.
Toby Chu, président et PDG de GECC, a exprimé sa fierté pour cette reconnaissance, soulignant la résilience de l'entreprise face à des défis économiques tels que les événements post-pandémiques, l'inflation élevée et des taux d'intérêt élevés et prolongés. Il a affirmé l'engagement de GECC à mettre en œuvre sa stratégie de croissance, en se concentrant sur l'expansion de leur portefeuille de locations pour étudiants et en faisant progresser leurs segments éducatifs.
Global Education Communities Corp. (GECC) wurde von Business in Vancouver (BIV) im Jahr 2024 als eines der 100 am schnellsten wachsenden Unternehmen in Britisch-Kolumbien anerkannt. Das Unternehmen, das an der TSX als GEC und an der OTCQX als GECSF gelistet ist, belegte den 98. Platz auf der Liste. GECC zeigte ein beeindruckendes Umsatzwachstum von 10,7%, das von 70,997 Millionen US-Dollar im Geschäftsjahr 2019 auf 78,603 Millionen US-Dollar im Geschäftsjahr 2023 anstieg.
Toby Chu, Vorsitzender, Präsident und CEO von GECC, äußerte stolz über diese Anerkennung und betonte die Widerstandsfähigkeit des Unternehmens angesichts wirtschaftlicher Herausforderungen wie Nach-Pandemie-Ereignissen, hoher Inflation und anhaltend hohen Zinsen. Er bekräftigte das Engagement von GECC, ihre Wachstumsstrategie umzusetzen, wobei der Fokus auf der Erweiterung ihres Portfolios für Studentenwohnungen und der Förderung ihrer Bildungssparten liegt.
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VANCOUVER, BC / ACCESSWIRE / September 3, 2024 / Global Education Communities Corp. ("GECC" or the "Company") (TSX:GEC)(OTCQX International:GECSF) is pleased to announce that the Company is named one of the "Top 100 Fastest-Growing Companies in British Columbia1 in 2024" in the August 26, 2024 issue of Business in Vancouver ("BIV"). GECC is ranked No. 98 among the top 100 Fastest-Growing companies operating in British Columbia, with revenue growth of
"We are proud to be recognized and to be ranked by Business in Vancouver which highlights the strength of our business model despite the economic challenges caused by post-pandemic events, high inflation, and the 2.5 years of high interest rates," said Toby Chu, Chairman, President and CEO of Global Education Communities Corp. "We will continue to execute on our growth strategy in expanding our student rental portfolio and advancing our education segments."
About GECC:
GECC is one of Canada's largest education and student housing investment companies focused on the domestic and global education market since 1994. GECC operates business and language colleges, student-centric rental apartments, recruitment centres and corporate offices at 40 locations in Canada and abroad. Its education subsidiaries include Sprott Shaw College (established in 1903), Sprott Shaw Language College, Vancouver International College, and CIBT School of Business & Technology. GECC offers over 150 educational programs in healthcare, business management, e-commerce, cyber-security, hotel management, emergency paramedics, and language training through these schools. In fiscal 2023, GECC serviced over 14,277 domestic and international students through its educational, rental housing and recruitment subsidiaries.
GECC owns Global Education City Holdings Inc. ("GECH"), an investment holding and development company focused on education-related real estate, such as student-centric rental apartments and education super-centres. In fiscal 2023, GECH operated fifteen properties under the GEC® brand in Metro Vancouver and provided accommodation services to 92 partner schools serving 3,200 tenants from 71 countries. The total portfolio and development budget under the GEC® brand exceeds
GECC also owns Global Education Alliance Inc. ("GEA") and Irix Design Group Inc. ("IRIX"). GEA recruits international students for elite kindergartens, primary and secondary schools, colleges and universities in North America. Irix is a leading design and advertising company based in Vancouver, Canada. Visit us online and watch our corporate video at www.GEChq.com.
For more information, contact:
Toby Chu
Chairman, President & CEO
Global Education Communities Corp.
Investor Relations Contact: 1-604-871-9909 extension 319 or | Email: info@GEChq.com
FORWARD-LOOKING STATEMENTS
Some statements in this news release contain forward-looking information (the "forward-looking statements") about GECC and its plans. Forward-looking statements are statements that are not historical facts. Forward-looking statements in this news release include, without limitation, the statement that GECC will continue to execute on its growth strategy in expanding its student rental portfolio and advancing its education segment. The forward-looking statements are subject to various risks, uncertainties and other factors (collectively, the "Risks") that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward-looking statements. The Risks include, without limitation, national and global economic factors and the other risk factors identified in the Company's management's discussion and analysis for the financial year ended August 31, 2023. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances should change, except as may be required by law.
SOURCE: Global Education Communities Corp
View the original press release on accesswire.com
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