Business
Global Education Communities Corp. Named a Top 100 Fastest-Growing Companies in B.C. by Business In Vancouver
VANCOUVER, BC / ACCESSWIRE / September 3, 2024 / Global Education Communities Corp. (" GECC " or...
About this update from Global Education Communities Corp
[{"type":"text","content":"Global Education Communities Corp. Named a Top 100 Fastest-Growing Companies in B.C. by Business In VancouverVANCOUVER, 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 10.7% from $70.997 million in fiscal 2019 to $78.603 million in fiscal 2023.\"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...