KGIC Inc. Appoints New VP Finance and Internal Control

TORONTO, ONTARIO--(Marketwired - July 7, 2016) - KGIC Inc. (TSX VENTURE:LRN) ("KGIC"), a leading provider of premium education services at its private English as a Second Language ("ESL") Schools, High School, Career Colleges and Community Colleges, High School in Ontario and British Columbia., today appointed Shahzad Rashid, a Chartered Public Accountant in both private and public sectors, to the role of vice president, finance and Internal Control. A seasoned executive with extensive operational cost control and financial management experience, Shahzad joins KGIC to support the company's profitability strategy, organic and external growth targets, as well as optimize operating processes. His new duties begin Monday, July 11, 2016.

"Shahzad is an extraordinarily talented and dedicated professional," said Alex MacGregor, CEO, KGIC Inc. "He understands our business and will be invaluable as we continue to develop a solid financial foundation for the company. We're thrilled to welcome him on-board and are confident that he will fit extremely well with the new performance-driven culture at KGIC."

Shahzad comes to KGIC from Magna International, where he served as Manager of Internal Audit. While at for Magna, Shahzad was responsible for increasing the effectiveness of the internal audit department, improving global risk management process and improving controls over the global operations, financial reporting, information system and compliance. He headed several global investigations, internal audits and consulting projects and also advised divisions across the world on improvement of controls and application of complex accounting issues.

Shahzad started his career as an auditor with Deloitte, PwC and KPMG and holds a CPA and CGMA designations, as well as postgraduate certificates at Harvard University in Enterprise Risk Management, Audit Management, Frauds, Corporate Governance and updated COSO Framework.

In addition, the Company has accepted the resignation of Robert Morrison from the Board of Directors.

About KGIC Inc.

KGIC Inc. KGIC is an educational organization that provides premium education services at its private English as a Second Language ("ESL") Schools, High School, Career Colleges and Community Colleges, High School in Ontario and British Columbia. The Company owns and operates twenty-one (21) campuses across Canada and enrolls approximately 20,000 students yearly in various English language and career training educational courses. KGIC has established approximately twenty-five (25) ESL-Pathway agreements with Colleges and Universities in Canada