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Findateacher

Open Thread: GEOS Discussion

Since there are more than 300 comments in the GEOS Rumours thread, I've decided to close the thread and start a fresh one here.

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Efforts are being made at

Efforts are being made at GEOS NA to make the schools and ops look oh so shiny for a sales try. If some of you haven't noticed, GEOS NA schools have made recent hires in a new Ops Director position and marketing staff have been added in the U.S. This to make it look like they have a proper organizational design for a buyer (and when the have no money).

@8.13

new Ops Director position and marketing staff have

It's more likely that with OZ gone their entire marketing knowledge has gone too. They relied on OZ for 90% of their marketing knowledge. OZ schools had a wide agent base and it is hardly likely that agents will touch any other GEOS schools....why would they? These schools have pathetic resources and zip credibility

Value to buyer of a GEOS site

Due diligence by a buyer of a GEOS school will reveal zero or negative values. (Leased premises, salarys paid in arrears, large pre-paids and so on). Domino 3 understands the situation well. Students have pre-paid for tuition and homestay services, That prepayment has likely either been spent on current day-to-day school expenses or has filtered back to Japan. However, incoming students need to have their tuition and homestay expectations satisfied. So those services must be paid for out of more recent pre-pays. Its a Ponzi. The Australian EY Creditor Reports clearly identify the ponzi-flaw in the current GEOS business model.
Provided money continues to flow in from new, but not yet serviced, students the business model will float. Any disruption to the flow or any intrusion by monitoring bodies simply causes the business model to flounder.
If student pre-pays are held in escrow or a trust-fund then the picture changes significantly. Management are forced to increased efficiency and clients are protected. NZ is on the ball here.

Ponzi scheme it is...GEOS

Ponzi scheme it is...GEOS Canada is big on long-term pre-payments right now, beyond the 15% discount + inflated agent payments. They are offering a lot of free weeks, etc, for pre-payments of 6 months and more...The pnzi scheme is faltering, so the pe-payment demands get more intense and longer.

@9.55

Spot on! Looking at the E&Y reports it still makes no sense why they closed all the Australian schools and not just those that were in need of closing. Accept that they had taken pre-paid fees and accept that cash flow was terrible, but some of the schools could have traded their way out of it if there was a total block of any money leaving until these colleges had build up their cash flows. Sure it would have been a trying period, but these schools had the numbers and the bookings and the agent support. These schools should have been allowed to trade their way out of it. There was NO consultation in this regard and the Directors simply closed the lot. I have no doubt that most of the Australian Managers would have said they could have traded themselves out of this, given time and given a total block of money to Japan and loans to other regions. I also have no doubt that many of the crediotrs would have given time as well if an honest approach was taken,,,,,,they'd rather have hung in as opposed to getting nothing.

Personally, it looks as if this was a well thought out scheme of Special K's....draining as much as he could from his cash cows (promising loans will be repaid, promising protection of staff and students), knowing too well that he is sitting 'pretty' in Japan and highly unlikely that he will be charged either criminally or by way of any civil action.

Then, with all the money drained from Australia, he knew the other regions do not have a hope in hell of surviving, so he starts to sell these schools to whomever will buy them...even for a $1

Why did he not offer to sell any of the Australian schools BEFORE collapse? Becuase he wanted to drain every cent from them!

In the sale of GEOS NZ, did the new buyer taken on the debts as well??

Who is the douche bag at GEOS

Who is the douche bag at GEOS Canada who ALWAYS uses "Warm Greetings" in all of their marketing literature and Web sites? OCD, anyone?

Yes, Australia was drained

Yes, Australia was drained because a) Aus. has a student tuition protection system (all schools are paying for this now!) and b) they had a lot of cash laying around that Special K wanted to get his hands on.

Canada borrowed money last year to stay afloat, for itself and because Special K also took from this region. Now they have no Aus. cash flow and dwindling students. They are trying to keep afloat to sell to another chain. There might be some tax and/ or legal incentives to at least try.

Special K has been up on tax evasion twice in Japan...Ordered to pay fines in one, and also under investigation for other things in Japan. Expect anything out of this corrupt bastard.

P.S. Would love to see Mike, the former head of GEOS NA out of the NYC branch, get on here...I swear he was earlier, but I understand he is probably a little bit afraid, especially working for another school now.

GEOS is a circus

You are so right about GEOS being a big circus!!!
You have Bozo the clown - Special K himself, the juggler (of funds) Dave Ratnayake, the performers with smiles painted on - HO staff, the showgirl (special K's daughter).....and their act still goes on today, but the juggler has run off for now, leaving the audience all but guessing when the tent will finally come down.

Then you have the Freak Show

Then you have the Freak Show of GEOS Canada and its dwarf clown leader, Uri Carnat. Freak Show compatriot and snake girl, Rita Chen. And, of course, all the little freaks, a.k.a. GEOS Canada managers. ;-)

Question about GEOS NZ

You asked whether new NZ owner took on debts? The biggest liability by a country mile is of course pre-paid tuition - but all this money was in trust and was checked by a NZ government official shortly before the sale. (The official flew up to check) A rare case of a regulatory authority doing the right thing. Minor debts such as to activity operators were paid and honoured and because the staff stayed on, one can presume holiday entitlements too. However the big contingent liability (I think it is categorised as this) was the millions of dollars in future commitments to leases (Shown in GEOS accounts published by NZ government regulations) One can presume that the new owner negotiated these down by explaining to the landlord that the alternative was the school closing. One presumes that the new owner thinks he can keep agents sending students now it has a new name - but it is no longer a GEOS story -just another player in a crowded market. Personally I think it is very risky unless the landlords also agreed to a downsizing - because the whole GEOS Australasia thing was based on outbidding all other schools for business - lower prices and higher commissions. . Following exactly the same model as GEOS actually - but with probable declining student numbers. But who knows - everyone is welcome to have a go, and the risk to students is minimal due to NZ government regulations. Interestingly in Australia there are calls to tighten things up now - but the NZ system - although somewhat cumbersome and expensive seems to have been genuinely world-leading in this instance.
I agree that Aussie should have traded through - without the interference of Japan, it could have continued on for quite some time. The old story of hubris and nemesis.

"GEOS" NZ

Just revisited the GEOS NZ accounts for 2008, the most recent lodged with the NZCO. While we can't disect out the rentals from the accounts, it is worrying that total expenses (outgoings) almost exceeded total revenue (incomings) for the entity.
Interestingly, there is $18K recorded as non resident witholding tax which suggests someone outside NZ was maybe in receipt of about $100,000.
Are we talking about NZQA whizzing in to check accounts recently? While NZQA do make a mention of accounting issues in their 2009 GEOS Report, it can be argued that there should have been a lot more "whizzing in" to GEOS when you consider:
1. How late Annual Accounts were being lodged with NZCO.
2. Qualifications of those accounts by the auditors.
Domino 3 is again very accurate in his comment that the "new" language school will now be just another college amonst many chasing clients. In light of the gfc linked increase in cbd office vacancies in NZ cities the company might be able to negotiate rents downwards. But they are inherently weakened by the expense of being spread over three sites. This is relevant in that incoming students will be thinking of coming to NZ rather that thinking of any particular city. Maybe time for some consolidation, but that's really tricky for a newly taken over company....just how many changes will clients/agents accept.
If you want to keep a watching brief on the company, and the 2009 Accounts will be lodged with NZCO sometime soon, search for company number 248543 on the NZCO website

NZ 08 Accounts

Pretty much water under the bridge now, but as at the end of the 2008 financial year, GEOS NZ made a loss of ($982 000) as taken from the audited accounts.

Also interesteing is that it states, but does not specify, amounts owing to GEOS Australia Holdings and amounts owed by GEOS Toronto, and GEOS NY.

My question....are these debts payable by the new owner to Australia and does Toronto and NY have to repay what they owe?

Perhaps the NA Director can shed light on this as well as the Manager of NY and Toronto. As NA appears to be revamping their image (must have big dollars to do so), can these three managers advise if they have ANY intentions of honouring their debts to Australia and NZ? And Yes you do read this board.

What is even more laughable is that if you look at the audited results Special K's signature appears as they did on the Australian accounts and he has the gall to release a statement saying 'I don't know of what is really happening in Australia'. Not even the most loyal of loyal trolls can provide an excuse for this one!

This act in the circus is called 'watch how we make debts disappear'

Smart students

And my advice to any student from any country wanting to attend any course at any private sector college anywhere in the world is:

"Don't pay more than 4 weeks fees in advance. You can cope with the pain of losing that much if you grit your teeth and cuss."

And if that won't satisfy the college or the visa requirements, advice number 2 comes into play:

"Change your plans, do something else, you won't regret it."

Information for wouldbe Agents

Wanna be a GEOS Agent? Have a view of the the official (not secret!) agent agreements on

http://www.geos.net/pdfs/

Yep, wakaddokie, 30% for Korean agents and 30% for local Toronto agents linking to Toronto GEOS...yummmmmmy, we're in the moneeeeeey!

Smart Students

Not so 'Smart Students' Both Australia and NZ have proven to have reasonable fee protection systems and NZ the stronger. Long payments are necessary for long visas so you are being a bit silly

19:05 So other schools have

19:05

So other schools have to pay for GEOS corrupt ownership and management? What if other schools go down? The protection system will not hold up. Special K scammed it.

18:13

This was posted earlier...But thanks for posting it again, as it is relevant and should be known. You also need to add all the free weeks they are handing out for pre-payment and long-term (read: pre-payment) discounts offered.

And, yes, GEOS NA managers read this. I have caught a few on here. And teachers, too. ;-)

Oh, Really?

To the person who said, "And, yes, GEOS NA managers read this. I have caught a few on here. And teachers, too. ;-) "

Oh, really? Who? How is that you know that? Do you have access to their digital DNA? Maybe it was an electronic signature they carelessly left behind? Did you develop a way to take a virtual finger print? Let us know. I am sure we all would love to learn about this new technology of yours.

19:05 So other schools have

Just to explain things one more time to 1:31 as you are a bit behind the play. THe Australian TAS Mutual assurance English Australia scheme meets Australian government requirements. Yes competitor schools in Australia did pick up the tab for Mr K's mess. But no, the system did not fail - All students were placed quite efficiently. I think the Aussie government came to the party with homestay money which wasn't covered. Competitor schools were pretty pissed off, but they had signed up and it could have been worse. The technical term for the fault in this system is 'moral hazard' Mr K undoubtably exploited the Aussie system, but it did not fail. Perhaps if you think about it this will explain why several hundred ex-Aussie staff will put the knife into GEOS international whenever and whereever they can. Approximately 100 Aussie marketing staff are on the road speaking to agents for 52 weeks of the year. This is Mr K's biggest miscalculation. In a global world, where reputation is king he will not survive the Aussie influence. Death by a thousand Aussie knives.
The New Zealand system was simply too tight for Mr K to game.
The story is simple and true. GEOS stole the fees in advance in Australia, having operated recklessly there. GEOS left their competitors who had operated more ethically to pick up the pieces. They then denied that Aussie was part of the empire and insultingly offered in Japanese only on the website extra lessons back in Japan for any dispjaced students. The reason why I have no problems doing my little bit for the downfall of GEOS is that the elimination of a reckless, discounting and deeply arrogant and dishonest corporation leaves more room for more conservative family owned English schools around the world. Sure there are shades of grey, but GEOS was definitely a destructive and dishonest operator - as events are now demonstrating. The sooner agents and students and colleagues understand this the better. There are more sound, locally owned operations to go to. And some chains may be Ok, but on the whole, the chain approach doesn't produce high quality (with the exception of St Giles and possibly 1-2 others) GEOS Australia was an excellent operation by GEOS standards, but only average by Aussie standards. Sounds like the Aussie system pulled GEOS up. And I can tell you that they were loathed, despised and hated in New Zealand, but people were too polite to say it in public. Wreckers. Cheats. Liars. Doomed.
And for the history books - my take is that the fate of GEOS was sealed by two people - two heroes. A hard-nosed Korean agent and a bullsy regulator in Victoria, Australia.

6:43 Looks like the person

6:43 Looks like the person was proven right after all. Who else would respond in such a sarcastic, immature manner? No one else took offense to this comment, nor many others, but why did you? You just got called out and got trapped in this person's net. Sad part is you probably have no idea what I am talking about nor never will. ;-)

Things do not always have to be "technological"...Psychology is a wonderful thing. :-)

Nice to see a GEOS manager on here.

I have no idea what you are

I have no idea what you are trying to say either.

"Even if you accept the

"Even if you accept the ridiculous lies that Geos Japan has no financial stake in the overseas schools, can you really seriously say that Geos schools overseas going bankrupt, closing etc. will not have anything to do with Geos image in Japan??!?! They partially dodged the bullet on Australia (but it had to have hurt regardless). Do you really think they will be able to keep doing that when more schools fail (the agents were certainly watching even if the Japanese media did not pay much attention)? "

NOBODY in Japan knows that Geos is operating globally... nor do they care!

"With people like you in the company, no wonder it is having problems."

I am not, nor ever have been a GEOS employee. BUT nice of you to paint someone who disagrees with you as the enemy... With people like you in the UNION, no wonder it is having problems! ha ha ha

Students do know that GEOS is

Students do know that GEOS is operating globally. That is why some book with GEOS schools overseas. However, they have been doing so . My friend in Canada even noticed that Japanese students started booking for only 3 or 4 weeks, instead of the usual 3 or 4 months (or more). They just wanted GEOS for a basic orientation and some quick English lessons, but then knew they wanted to go it alone or with another school, most likely a an American or Canadian one. There agents in Japan promoted GEOS because it is "Japanese", but these older students knew it wasn't a great school.

Students do know that GEOS is

Students do know that GEOS is operating globally. That is why some book with GEOS schools overseas. However, they have been doing so . My friend in Canada even noticed that Japanese students started booking for only 3 or 4 weeks, instead of the usual 3 or 4 months (or more). They just wanted GEOS for a basic orientation and some quick English lessons, but then knew they wanted to go it alone or with another school, most likely a an American or Canadian one. There agents in Japan promoted GEOS because it is "Japanese", but these older students knew it wasn't a great school.

Re: Looks like the person

I suspected someone would respond as you have. You have not only taken the bait, you have swallowed hook, line and sinker. As I have noted in the past, I care not a damn for GEOS. However,
as I pointed out in an earlier post, there is a plethora of rumor and speculation swirling around the notion that GEOS is on its last legs. It may well be. However, this site's comments are mostly written by those who simply do not have any information that can be substantiated. Thus, this little enclave is persistently a rumor mill. In the grown up world, we expect people to talk about what they know, and not hyperventilate in the rarified air of speculation. I say to you, as Sergeant Friday was wont to say, "Just the facts, mam. Just the facts."

8:47 What are you talking

8:47 What are you talking about? All you seem to do is discount everybody and what they have to say on here. And the rest you post makes no sense or just seems to try refute legitimate posts with no evidence to the contrary.

Do you actually think people would get on here and post rumours for the fun of it? No GEOS managers or staff post here??? What? Are you serious? The only people who have interest in posting are GEOS staff or ex-staff, the latter having every right in the world to expose the bs. The average person knows nothing of this board or GEOS in general, and therefore would not have the slightest reason to get on here. Only teacher, staff and others connected to GEOS would. Deal with it.

You hav to love the moron who

You hav to love the moron who said "you have taken the bait" only after another person said th same. Some people love semantics and rhetorical questions are their lives, aren't they?

From my assessment: a) lots of insiders in the form of current and ex GEOS teachers and staff on here...there is no way they would know half of what is posted without being so...and b) bitter GEOS managers and HO staff who canot control this board, but try in vain every few days. Sorry, boys, but you cannot control the message like little dictators anymore. I work at GEOS Canada (teacher and staff) for several years and you would not believe how idiotic ALL the Canadian managers are...They have chips on their shoulder and no real education or experience to even start to call themselves managers. They seem to use the position only to make up for small, well, you know, and other insecurities in their own lives.

8:47 No Geos staff/ teacher

8:47 No Geos staff/ teacher here? Well, I am one. Still. And while I have been mostly an observer on here for some time, watching the fireworks, I might start posting some stuff that has not been said on here. Then the real fireworks might blow up in a few managers faces. Yes, yes, I am STILL a teacher with Geos in Canada. An "insider" as some would call me on here. But you won't be able to find out who I am, because I , too, agree there are current managers on here. Hence my patience before the storm. Choosing my words carefully.

Re: What are you talking

The previous post included this, "Do you actually think people would get on here and post rumours for the fun of it?"

Do a cursory but careful re-read. Note that I never said that people here have deliberately posted rumors for the fun of it. That, indeed, would be immature. My point is, and I trust that you will grasp this, is that all too many here post any and all rumors that they can gather. That alone would not be so bad, because this site, in fact, is predisposed to rumor. What I would hope, however, is that the poster prefaces his/her remarks, for example, by saying, "I heard this rumor that...." Instead, what we mostly get here, are knee-jerk reactions fraught with unsupported presumed factoids.

I agree mostly with the last

I agree mostly with the last post. But I would go a step further and say that most on here is true, even if unverifiable because people and/ or relationships would be exposed. And the unsubstantiated rumours, like the deadline for the big announcement person, are most like GEOS managers looking to stir the pot and say "see, it did not come true! We are perfect."

I respect people for not posting everything they know to protect their careers, but I will not believe any posting about a "big announcement" without some proof. I think that can be done without giving away the person.

Something funny... I was

Something funny...

I was trolling through Craigslist and what do I find? ANOTHER posting for the GEOS Montreal Academic Director! This is the third posting for a job that should have many takers in a big city. But as someone said, the current AC is not fulfilling her contract and they have gone through a couple in the last few years, like most GEOS NA locations.

But what the heck is "regional Academic Manager"? Geez, GEOS NA never even had ACs sometimes let along a "RAM." Someone on here earlier mentioned they are prepping for a possible sale by spiffing up their Web sites and adding staff suddenly even though they have no money (or pretending to add positions). Guess it makes them look more "professional." Here is the questions: Who is the RAM for Canada?? Never heard of such a position at GEOS Canada or USA.

There is no "RAM" that I know

There is no "RAM" that I know of. The Craigslist posting just looks like fluff, trying make oneself look bigger than they really are.

Re: I agree mostly with the last

Thanks for your civil and level-headed comments. That was a breath of fresh air in this enclave. Let me, if I may, give you just one example of what I have characterized as unsubstantiated, malinformed speculation. In this sea of anonymity, one poster stated that GEOS NA has been trying to build up its web sites ostensibly to fatten and shine its pork body for the buyer and/or because there has been "a HUGE drop in web traffic." Well, how does the poster know that? I have substantial experience in both web and application development. I have some knowledge as to how to determine a site's traffic (for example, by utilizing Google Analytics, employing SEO or SEM techniques et al). I really would like to know if traffic is down - hugely - I really would, but let's encourage a little work at getting the facts here. One more thing, as I have mentioned before, there is no equity in a web site. That alone does not fatten the pig.

Actually, I cross-reference

Actually, I cross-reference the posting about the Web sites and the person seems to be mostly right...Here is why...

* While you might know something about Web site development and proper management, do not expect the same. In fact, they always seem to find a way to do things haphazardly or backwards. So you might know that it won't work, they do not. Trust me, I know of a few GEOS managers in Canada that have absolutely no clue what a proper Web site strategy (or any strategy) means. They blow money on the dumbest of things and then do not spend on what they should.

* The school making the most money are getting the makeovers, while Toronto and Calgary are left. These "makeovers" come on the heel of a certain NA VP that had a meeting recently. Meeting = decisions = Web site changes suddenly, even when GEOS moves at a snails pace.

* They are also adding programs and staff on the Web sites that they currently do not have. Again, I think this person saw that they were fluffing things for perceptive value....Whether that will work or not is another question, but I can really see GEOS doing something like this. They are desperate.

Again, I looked at what else was said and I do not think that person who just make it up without some knowledge...Like most on this board.

Posting clipped. Odd. Should

Posting clipped. Odd.

Should read "...do not expect the same of GEOS." Thanks.

Re: RAM's

It is I again. Again, folks, the rumor, the rumors. As far back as 2006, GEOS had a NATIONAL Academic Manager. That manager would (at the time) report directly to N (I am not going to print the name) at GEOS, Vancouver. It was the responsibility of the Academic Manager to, of course, manage the curriculum at GEOS and make sure it was in force at the various NA locations. The local managers, of course, in NA parlance called AC's (though there was an older term for it and I know of at least one person with the older title). It is conceivable that are/were/will be Regional managers, but I cannot tell you that for sure. Until it can be substantiated, it is a rumor. That being said, what responsible person would advertise the position in Craig's List just to show us that GEOS is "bigger than they really are."

Just to explain things one

Just to explain things one more time to 1:31 as you are a bit behind the play.

Yes, he/she is but you need to get your facts straight too.

THe Australian TAS Mutual assurance English Australia scheme meets Australian government requirements.

What are you talking about?! Show me in the CRICOS regulations it says anything about a TAS! The TAS was put into place by English Australia schools to protect the reputations of EA members in the event of a school closure. Out of nearly 1300 English schools in Australia only about 150 are full EA members (check the EA site for yourself). While EA works as an industry body to represent all English schools in Australia (and to lobby and advise the government) not every Australian school is a member. If GEOS hadn't been EA members the students would have gotten squat but as they were, EA members jumped in to help. The only students who were helped by the government were student visa holders who made up a relativaly small percentage of the students at GEOS.

Yes competitor schools in Australia did pick up the tab for Mr K's mess. But no, the system did not fail - All students were placed quite efficiently.

No they weren't. Although most students have now been given an offer of a place, there are many that couldn't/wouldn't take up that offer for financial reasons or otherwise. My current school still has a steady drip of students claiming spaces every week, trying to scam a place without an offer or without having originally paid GEOS a cent.

I think the Aussie government came to the party with homestay money which wasn't covered.

No they didn't. The students lost it.

The reason why I have no problems doing my little bit for the downfall of GEOS is that the elimination of a reckless, discounting and deeply arrogant and dishonest corporation leaves more room for more conservative family owned English schools around the world. Sure there are shades of grey, but GEOS was definitely a destructive and dishonest operator - as events are now demonstrating. The sooner agents and students and colleagues understand this the better. There are more sound, locally owned operations to go to. And some chains may be Ok, but on the whole, the chain approach doesn't produce high quality (with the exception of St Giles and possibly 1-2 others).

Yes, GEOS were/are a very shady badly run company but this doesn't mean that the way forward is more locally-owned schools, especially not in the UK or Australia. The overwhelming trend now is for bigger operators, not smaller ones. The same thing happened with the small restaurant industry; smaller operators were forced out by larger companies who can offer economies of scale to both customers and suppliers (in this case agents). Smaller operators may have a larger personal stake in their operations but they still recruit from the same pool of teachers as the larger operators, and the larger operations have much more money to invest in infrastructure, facilities, computers etc. (the stuff which is usually the first thing students notice and care about). I've taught in chain schools and mom-n-pop schools and there really isn't a whole load of difference in the quality of the final product, only how it's packaged.

What Australia (and Japan, the UK, hell, any other countries with a large education market) REALLY needs is greater financial transparency for operators, a NZ-style fee-protection system, a way of ensuring only appropriately trained professionals are able to work as English-language teachers and a regulator with some teeth (something that NEAS sadly lacks) to suspend or close down schools which bend or break the rules.

Feel free to resume the usual recycling of half-baked rumours now if you like...

Re: Actually I cross referenced

Your points are well taken. Thanks.

Re: Just to explain things

Very good post. Thank you.

Actually, ACs or Academic

Actually, ACs or Academic Coordinators are not "managers." In GEOS NA-speak, managers usually mean SCHOOL MANAGERS. ACs are also Director of Studies (DoS). And "N from Vancouver" is someone everyone from GEOS NA knows or should know. She is gone, but known. And the "disagreements

The "Operations Coordinator" is an interesting new, and growing, position at GEOS NA. Why?
See, there are insiders on here.

What is your reference to some becoming Regional Managers? I know of one manager who is a "regional manager/ VP", but titles are thrown around a lot at GEOS NA due to disorganization and to massage the ego of some.

Last post is spot on. There

Last post is spot on.

There are current teachers on here. I am one of them.

To the person who wrote about

To the person who wrote about knowing lots in regards to Web sites and could not see how the other poster new Web site traffic is down for GEOS NA sites...Well, it is not hard to find out. There are a variety of public sites that offer Web sites traffic monitoring and year-on-year percentage comparisons. How did you not know these?

Alexa.com is one.

Just to explain things one (7:45 and 9:40)

The TAS was put into place by English Australia schools to protect the reputations of EA members in the event of a school closure. Out of nearly 1300 English schools in Australia only about 150 are full EA members

Re: Actually AC's

You stated, "Actually, ACs or Academic Coordinators are not "managers."

Well, de jure no, but de facto yes. GEOS "invites" all new managers to come to Japan for Professional Development Manager (PDM) training/seminars. So, GEOS fully understands that the AC and OC are managers in the real world, but to acknowledge that on the "meishi" would be tantamount to inviting inquiries about pay scale and other things, I suspect.

You ask, "What is your reference to some becoming Regional Managers?" Well, it is simple. I applied for the national position long ago. Why I did not get it is another story that would have the denizen here salivating for details. N_lfa was the person to whom I sent my application. Someone else mentioned the regional position. I have no direct knowledge on that.

And to the person who said, "See. There are teachers here," I say, yes I know that. In a previous post, I mentioned that it seemed to me that most of the people coming here are, in fact, current or former GEOS teachers.

RE: To the Person Who Wrote About

How did you know that I did not know about Alexa? I do know. The fact that I did not mention Alexa among my examples (I did mention Google Analytics) does not in itself suggest that I do not know about it. I did not mention that there was a 6.9 earthquake in Baja, Mexico either. But I have heard the news. No, what I am saying is this. It was the previous poster who did not mention or give any supporting evidence. Does not mean he does not have it mind you. Just sayin'.

I think we all have some

I think we all have some knowledge on here and are stating what we know for the most part. Of course, even we do not know everything.

10:59 I was about to say you sounded like someone from a few years ago based on your references. Not someone I know, but someone in the know somewhat. Could you elaborate about the national position and any other interesting info concerning GEOS Canada without directly identifying yourself? Would love to hear more.

There are more than just GEOS teachers on here...but I cannot get into details right now. Maybe later. ;-)

Just to explain things on (7:45 and 9:40)

Thanks for picking me up on a couple of factual matters 9:40. You seem to be an Australian teacher or DOS. Nonetheless the substance of my arguments still stand I believe

The TAS was put into place by English Australia schools to protect the reputations of EA members in the event of a school closure. Out of nearly 1300 English schools in Australia only about 150 are full EA members

Thanks for clarifying this point - So the scheme was voluntarily created by English Australia.

Yes competitor schools in Australia did pick up the tab for Mr K's mess. But no, the system did not fail - All students were placed quite efficiently.

No they weren't

Again, thanks for pointing out that it was not entirely perfect - and pointing out the homestay was not covered. However, I have not seen media coverage about the homestay payments and in the big scheme of things - the system DID work basically. I do not see that Australia's reputation has been harmed greatly here. A real mess could conceivably happen in NA if there is no student fee protection at all. This means students out on the streets. It did not happen in Australia - so the system did work and all power to English Australia for reasonable self-regulation (Yes - not perfect) But like it or not, IMHO the GEOS collapsed hurt GEOS and actually showed Australia to be reasonably OK. I am sure the regulators in Australia will now wade in to fix up the gaps though.

What Australia (and Japan, the UK, hell, any other countries with a large education market) REALLY needs is greater financial transparency for operators, a NZ-style fee-protection system

Well as a New Zealand industry person I will take this as a rare concession by an Australian industry person that the New Zealand system has provided more protection for students. (Which is precisely what I said) But my question to you is whether or not extra students will come to New Zealand as a result of these tighter regulations?. Will agents and parents have more confidence in NZ because of this? Will you as an Australian industry person be recommending all your students to come to NZ?

Yes, GEOS were/are a very shady badly run company but this doesn't mean that the way forward is more locally-owned schools, especially not in the UK or Australia. The overwhelming trend now is for bigger operators, not smaller ones.

I think you overstate the case here. Chains have picked up a lot of ground true. However many established bigger local schools and mini-chains have really given the large chains a run for their money. In fact, this could be (yes in my case hope) a turning point. In fact Gary Maserow and GEOS believed in economies of scale. They believed they could bid higher and higher for students (Discounts and big commissions) Family and local owned schools have been forced to find other reasons to attract students. Sometimes quality, sometimes local connections, sometimes ethics or authenticity. I am not saying all such schools are white and chains are black - but the nature of ownership does make a difference. You can tighten up the regulations as you suggest, but the market needs to mature in terms of recognising that ownership makes a difference. The collapse of GEOS will be caused partially by people concluding they are liars. I think many agents and students will see that discounting and big agent incentives and economies of scale are a dead end. It will be very interesting to see where agents and students go from here. And I look forward to another posting from you Australian teacher-DOS person.

Swing towards family/locally owned schools?

9:40 who looks to be an Australian teacher / DOS does not believe that the market will learn much from the GEOS collapse in Australia (and we assume much big scandals internationally yet to come) He / she says

Yes, GEOS were/are a very shady badly run company but this doesn't mean that the way forward is more locally-owned schools, especially not in the UK or Australia. The overwhelming trend now is for bigger operators, not smaller ones. The same thing happened with the small restaurant industry; smaller operators were forced out by larger companies who can offer economies of scale to both customers and suppliers (in this case agents). Smaller operators may have a larger personal stake in their operations but they still recruit from the same pool of teachers as the larger operators, and the larger operations have much more money to invest in infrastructure, facilities, computers etc. (the stuff which is usually the first thing students notice and care about

But the analogy about the restaurant actually lends itself to the opposite conclusion. If the trend to economies of scale is unstoppable, how come chains can only dominate in the fast food sector (McDonalds, KFC) Almost no chains do well in quality dining. Mini chains, owned by an interested owner yes. But walk around your local restaurants and the majority are family /locally owned? Why? Because service, accountability and a need to invest in long term reputation are valued by customers. Also, internationally, there is a big swing away from cheap and plastic to something authentic, distinctive and personal.
For English schools I estimate the optimum compromise between economies of scale and local and personal character is achieved with something like 100 - 300 students. Maybe 1-5 sites. Interestingly IALC which exists to promote these sorts of operations allows schools with less than 5 sites, and then when they get above this they kick them out.
A fee protection scheme in Australia or even internationally would just have delayed GEOS's crash and protected students. But GEOS would still have crashed. The deeper problem with GEOS was their strategy of cutting margins and going for larger economies of scale. Basically that was about all GEOS was good at - numerous bloggers have pointed out their lack of skills in a range of areas. The Walmart model does not work for English schools. So I say again that there is much more to this story than an inevitable shift towards economies of scale. Local ownership and local character and local accountability have a value. THe GEOS collapse shows that discounting and outbidding on commissions to achieve 'economies of scale' is a dangerous game.

All Web sire updates for GEOS

All Web sire updates for GEOS Canada are now being done out of the "Regional Marketing Office"/ GEOS Montreal. All sites except Calgary and Toronto have gotten the updates. Can anyone guess? And the answer is not because they "haven't gotten around to doing them."

Chains v Family Owned

Both arguments presented are sound, but aiming for economies of scale is not a recipe for disaster. Look what Bunnings have done to the family owned hardware store. Chains enjoy the advantage of 'bulk buying' and these savings can be passed onto the consumer. Nothing wrong with this model. I don't think Bunnings offer an inferior product to the family owned hardware store.

It was not economies of scale that led to the GEOS downfall. There must have been some merit in this model as the schools seemed to have a lot of cash at one stage which was drained (we know this by now and we have read the EY reports on how much was taken and how much is owed to these schools). The Melbourne and Perth accounts have been posted on this site and again both these schools were highly profitable. No comment can be about the other schools as the EY reports have not been posted.

There are arguments for both models.

GEOS, Homestay

Victorian State Government arranged to pick up the GEOS Homestay payments to the Mums 'n Dads subsequent to the school collapse.

Chains vs Family owned

It was not economies of scale that led to the GEOS downfall. There must have been some merit in this model as the schools seemed to have a lot of cash at one stage which was drained

Sorry - don't agree. GEOS, like so many other Japanese companies concentrated on market share above profit. And they did this by a conscious policy, sanctioned at the highest level I presume of buying market share. They built the international schools up by using the huge profits from the somewhat unique Japanese market and then maintained some profits in some cases by outbidding all other industry players. GEOS paid the highest commissions and offered the lowest prices - of major players anyway. If you have razor thin margins and large numbers, and large overheads you are at risk.

As for their cash in Australia - yes some was profit, but a lot was fees in advance stolen from students.
Comparisons with Bunnings are off the mark. Economies of scale are much more important in the sale of consumer goods. This is a service industry and the benefits of economies of scale are much less.

Despite some apparent success in Australia, the whole corporate model ('Big will save us') of GEOS is flawed.

@18:40

actually only up to a maximum of 4 weeks though...

Hi, original poster here.

Hi, original poster here. Interesting points all round, certainly a cut above the usual speculation that passes for iron-clad fact on this website.

In response to some of what has been mentioned above; I've worked at schools in Europe which were essentially owner-operators running one site which were a shambles, mostly due to the very poor management of the owner and their total failure to understand how students learn. I've also been in single-site schools working to very high standards. The same is true of chain schools; look at the success of ACE in Australia as a working example of how a large corporation (Navitas) supports and encourages its schools to follow academic best practice, even though it means being significantly more expensive than their competitors.

I'd be interested to see what you all think small chains and single sites can offer students that larger chains can't (bear in mind though that I'd probably class the example of 5 or 6 sites each with 100-300 students as a chain though). I can understand that there is a perception that smaller schools "care more" and have more "local flavour" but I honestly still think this is a perception which isn't always born out in practice. For example; chains offer more opportunities for training and advancement, a greater range of classes to teach, they often pay more (many chain schools here in New South Wales have negotiated their own pay award above the government award) and crucially they bring much more marketing muscle and so are better placed to bring in a wide range of nationalities. And as I said, in most towns and cities schools all hire from the same pool of local teachers so the end product (i.e. the lessons as planned and delivered) is pretty much broadly the same wherever you are. In my experience smaller schools do no better a job of retaining great staff than bigger schools do (good teachers seem to follow the money into public-sector government/uni jobs or head into training/management wherever they are).

I think the key is with the attitudes of the owner and the key management staff that they choose to appoint; the success of a school can be judged less by the size of the chain than from the freedom that the owner (whether that is a larger company or an individual) allows the principal and academic staff to implement best practice and allow some balance between the ruthless pursuit of profit and providing the best possible learning environment for students. Both small and big schools are capable of this.

And I'm not sure I agree with you entirely about GEOS Australia. If GEOS Japan had left GEOS Australia to its own devices I have no doubt that certain colleges would have continued to be successful. Some GEOS colleges were clearly not viable but Perth and Melbourne were. There's room for all kinds of colleges and a lot of students come to Oz just as much for the atmosphere and experience as for the English lessons (or even just to work as much as possible while nominally on a study visa). In many cases GEOS Australia really nailed this market. They didn't cater to the higher end of the market by any stretch of the imagination but offered a reasonable product at lower price. Not perfect by a long way but still better than a lot of the really shonky operators in Australia. If they had been left alone (as a better-run company might have done) I have no doubt they would still be here today, ploughing away at the cheaper end of the market.

*sigh* and before the usual shit starts flying I'm not a GEOS manager, H/O troll, Mr K., Mr K's daughter, sitting at a desk in Canada or any of the other stereotypes some of the lunatics on this website seem to like throwing around the moment someone says something they disagree with. Just so you know ;-)

Hi Original Poster here

Well argued!

Concur

I concur to a well thought and objective view...and I too, am no troll, manager etc etc.

Troll

*sigh* and before the usual shit starts flying I'm not a GEOS manager, H/O troll, Mr K., Mr K's daughter, sitting at a desk in Canada or any of the other stereotypes some of the lunatics on this website seem to like throwing around the moment someone says something they disagree with. Just so you know ;-)

Yawn... you're a troll of the highest calibre. Carry On....

@21:04

If you haven't got anything to say don't say anything pal.

Scurry back to your boring little union lair, there's a good little troll.

21:04 sounds like the

21:04 sounds like the "sitting at a desk in Canada" troll you mentioned. ;-)

No one would consider your post as a lunatic from GEOS...But the GEOS trolls are on here and some of us can spot them here.

Yes, we are still looking for

Yes, we are still looking for an AC in Montreal. Boss doesn't like strong woman or anybody with real experience. Possibly because they might disagree with the manager and are less easily manipulated than young people fresh out of college. GEOS managers like "yes men or woman."

Oh, and GEOS is in desperate need of a Korean AC to suck *ss to Korean agents, if you know what I mean. Nothing really to do with "academics" per se.

Here is something you guys

Here is something you guys missed and it really shows what seems to be a bit of a desperate state of GEOS Canada. It is from GEOS Montreal and absolutely shows they are in a cash crunch. No rumour here.

From Alibaba.com, but recently removed (possibly because March is over and it was a "March promotion"):

"For all enrolments made during the month of March, we are offering a 25% discount. For every 4 weeks, we offer a 5th week free."

WOW! That is 25% discount in addition to the 25% agent fee (plus other bonuses mentioned earlier to agents). AND they offer a 5th week free with only 4 weeks paid!!?!?!?!?! Nuts!

Source:
http://74.125.93.132/search?q=cache:f_AhgsOXpiQJ:www.alibaba.com/product...

Yeah, and their site lists

Yeah, and their site lists regular full-time tuition at $1,000. So $250 off the top for each month plus a free 5th week valued at $250. That is equivalent to $500 discount on what a student should pay $1,250. So $750 for 5 weeks? Then add the necessary agent commission of 25% +. Yes, the last poster is definitely right in that things smell a little desperate on GEOS Montreal's part.

Question is: Did the other GEOS Canada location also offer this? And what is the current "April promotion"?

If some of you haven't

If some of you haven't noticed the letters from GEOS concerning. GEOS NA removed them from their Web site and others. Why? What are they scared of? Liability for false statements? Interesting how the letter claiming the Aussie schools were "separate" was made the exact day GEOS Australia made the administration announcement. Pre-planed BS, I would say. And why could they make such a well-timed announcement when supposedly GEOS NA and Europe have "nothing to do/ not connected in any way" to the Aussie schools?

Sure...

Navitas in the Land of Oz

Navitas? In high expansion mode. Hoping to develop partnerships with traditional tertiary institutions. File this for use in the the not too distant future - "Pride Before the Fall." This is the Land of Oz.

@1948

Nice post, and I agree. This makes the whole business inherently risky, which is why I would normally recommend government owned teaching institutions to private ones in the case of NZ and Australia. It's not foolproof, but I think it's a safer bet.

Looks like the GEOS Canada

Looks like the GEOS Canada troll had enough of this board. Hasn't shown up today. :-)

Anyone have connections to

Anyone have connections to GEOS Canada and their agents? Any feedback from agents? I know the Koreans basically ignore them and heard from some Brazilian ones that they do not trust them.

Any word on April discounts? 25% promo plus 1 free week for EVERY four weeks was just insane last month. But I bet it carries over almost the same.

@10:49/@9:10

@10:49 Thank you. A good friend of mine who has worked in private colleges in Australia for about 10 years has just moved over to the public sector though, she descibed it as "different bucket, whole new flavour of sh*t". Certainly a safer job for her (she's got kids). And the 65k a year + 17% pension contribution isn't too shabby either.

@09:10 I know, good luck to them though (it is a business and not a charity after all!). I've spoken with a lot of people who've worked for ACE and I rarely meet anyone who hasn't got a good thing to say about them. Whether Navitas can successfully manage their expansion while retaining the reputation ACE have remains to be seen. And ACE aren't immune to staffing problems.. rumour has it that in some schools they'll only take on low-level (i.e. cheap) teachers for General English classes and only offer expensive teachers 'specialised' classes (e.g. exams) as a way of keeping costs down. Don't know how much truth there is in that though.

To clarify, I was actually

To clarify, I was actually talking about what type of school to recommend to students, rather than what would be a better form of employment. If a student goes to a government school, then there is guaranteed to be at least some kind of quality control, workable complaints process and less chance generally of getting stiffed, I would expect.

Looks like the GEOS Canada

Looks like the GEOS Canada troll had enough of this board. Hasn't shown up today. :-)

How about all the HO loyalists....they too, have been adopting a real low profile. C'mon guys, come to the rescue of Special K, your super hero. Defend the man who said he has zip to do with OZ, defend your man who sold off NZ for $1, defend your man who has abandoned Cape Town, defend your hero who, as rumour has it , has sold Europe.

Yep, even you loyalists feel like throwing up huh?

To clarify I was actually (2)

If a student goes to a government school, then there is guaranteed to be at least some kind of quality control, workable complaints process and less chance generally of getting stiffed, I would expect

State institutions may have many strong points but I don't agree that responsiveness to feedback, complaints etc is one. On the contrary, like all bureaucratic organisations they tend to have very formal feedback systems, but not actually be able to respond quickly or easily. I am not union bashing, but long term tenure does present a problem in some cases - particularly where the teaching style is one of excessive lecturing. (Which all good ESL teachers know is not a particularly effective teaching approach) Other strengths maybe, but not responsiveness.

Further to @18.40, the

Further to @18.40, the Western Australian state government paid homestay fees too. Maybe it occurred in other states.

On the issue of English Australia membership and the reputation of Australian schools, will this now be something that agents look for? Previously a lot of schools haven't taken up membership. A DOS from one such school told me they'd decided it was a waste of money and the 'expensive' membership would only mean you'd be obliged to clean up after failing schools. I think I'd be concerned about attending an Oz school that didn't have that guarantee now. Any agents out there with an opinion?

To all those alluding to insider status in NA, we remain in the dark about fee protection there. Can you shed some light please?

There is no fee protection scheme in NA

I think I'd be concerned about attending a........ school that didn't have that guarantee now. Any agents out there with an opinion?

Australia was probably not bad enough to really put the fear of God into the agents. Now lots of nice TV shots of GEOS NA students tossed out into the streets, pre-paid fees of $10 000 lost... That might work. The silence of NA comments on fee protection suggests to me that there is no fee protection scheme worth having in Canada or the US. If there was one, someone would have pointed it out by now. Pity about the poor students who will have to be shafted before the market and regulators do anything. Let's see if any insiders can contradict the following:
There is no student fee protection scheme in the USA
There is no student fee protection scheme in the UK
There is no student fee protection scheme in Canada
We can take silence to mean the statements are true.

@19:10

I stand to be corrected, but colleges that accept students on a student visa must show that that have TAS (Tuition Assurance) as one of the pre-requisites for registration to the CROCOS register. EA is not the only body that can provide TAS. There is for example ACPET.

But take it as read that no school can admit student visa students without TAS.

Schools without TAS can accept tourist visa students and working holiday visa students, but only for a limited period. I would imagine that there may well be a number of non accredited schools operating.

I am also interested to know about the fee protection (if any) in NA. What about annual audits?

Before anyone screams

My above post should replace the one 'that' with 'they' and CROCOS should be CRICOS.

Sure was a hot one!

Here's a hot one. GEOS Europe has been sold to the regional director of Europe and one of the other managers. Any truth in this???????.....could explain why Europe has been so quiet and maybe Montreal guy is in Japan buying NA?

Well this rumour has been nailed. Official announcnement released today

"From Thursday April 1st 2010, the three GEOS UK schools in London, Brighton and Eastbourne plus ELS Paris are no longer part of the GEOS network. The four schools have been bought from GEOS Corporation in a management buy out by Wendy Teraoka (previously Regional Director, GEOS Europe) and Paul Clark (previously Principal of GEOS-LTC Eastbourne).

We will shortly be rebranding our three schools. ELS Paris will remain Executive Language Services (ELS)".

Well that leaves Dublin out in the cold. Perhaps the Manager of Dublin will model the Cape Town Manager...take the furniture and whatever you can and start up on your own.

Dublin

Presume Dublin is not a part of GEOS anymore.
GIEA website [not GEOS HP] omitted it some weeks ago, and just says "introduce you affiliated schools in Ireland."

RE: 20:43

You appear to be quoting something. What are you quoting. I would like to see the source or at least know what it is please.

Unless a hoax - Domino 4, 5 and 6 ?

Plus possibly Cape Town - Domino 7?
If this is true the end is nigh for GEOS international, but maybe not GEOS Japan because it looks as though GEOS is going to avoid scandals and displaced students. Nice work Mr K!
Need confirmation.

Thanks 21.15 for providing

Thanks 21.15 for providing GIEA website. These guys will lie until the end!!! They have absolutley zero ethical standards. They have the audacity to use the NEAS accreditation in their site......they still believe they have a school in Cape Town (you have three year lease obligation and no school) and they still believe they have 40 international schools

Surely someone MUST report this misleading advertsing or expose them in Japan. They cannot be allowed to continue get away with this.

GEOS International Schools, ACCET, NEAS, British Council, English UK, including the approval from the English education-related organizations around the world. カリキュラム、設備、立地等の質を、常に高く保つようスタッフ一同心がけています。 Curriculum, facilities, location and quality of our staff to keep in mind is always high

Oceania ニュージーランド New Zealand
ヨーInternational network of 40 schools ロッパ・アフリカ Europe Africa イギリス | フランス | 南アフリカ England | France | South Africa

They cannot be allowed to

They cannot be allowed to continue get away with this.

The new managers would be well advised to make sure than no porkies are told and that they are seen as separate from GEOS should there be a collapse or scandal in Japan. Agents and students do find out through blogs etc

You appear to be quoting

You appear to be quoting something. What are you quoting. I would like to see the source or at least know what it is please

Below is the source:

A Personal Letter from Paul and Wendy
Hi from the two new directors of Language Teaching Centres. First of all, we want to say what
an enormous honour it is to be in this position.
As you probably know, we two have worked together as colleagues for over 13 years and
have a mutual respect and admiration which has enabled us to work closely throughout a very
difficult time. We are totally committed to our company, which covers the three UK schools
and Paris. (As you realise, we were always a separate company from other GEOS regions.)
Our priority has always been the schools, agents, students and staff of our Anglo-French
company and this has enabled us to keep our company financially secure in order to ensure
its long-term viability. We were happy to make personal investments in Language Teaching
Centres because we are fully confident of its financial future and growth.
This is a very exciting time for us. While we intend for all the staff, services and courses to
remain the same, we are also looking at ways we can develop and improve to give an even
better service than before.
As our agents you will know all our staff are stable and we have remained loyal to each other
and our schools at all times. Now we have a great opportunity to put all our energies and
resources into making Language Teaching Centres / ELS the sort of schools you are always
happy to work with at all times.
We are therefore going to contact every agent directly to talk about what we can do to
strengthen our relationship and how we can improve our services.
In the meantime, if you want to speak to us directly before then, please do so at any time.
Our details are:
Wendy Teraoka Paul Clark
Office telephone + 44 1323 727755 + 44 1323 727755
Mobile +44 7913042497 + 44 7944148441
Skype wendyeurope paul-geos-ltc.com
Msn
Warmest wishes
Wendy

RE: You appear to be quoting

Thank you for posting that.
I find it interesting how they felt the need to reiterate in the letter that they are not part of GEOS Japan "As you realise, we were always a separate company from other GEOS regions".
Seems suspect. Why would they buy it out and change the name if they hadn't been apart of them before?

@20:15 and Aussie Tuition Assurance Sceheme

You are correct about CRICOS and TAS. The ESOS Act demands that education providors (apart from a few exempt ones) selling to os students pay an annual fee to be a member of a TAS. As well as EA and ACPET operating TAS there is a scheme operated by the Sydney College of Divinity that would have been ideal for GEOS given that GEOS Australia operated on a wing and a prayer in the last years of its corporate life. In WA it was WAPETIA and not EA who picked up and worked thru the Perth GEOS mess.

The BIG ANNOUNCEMENT came

The BIG ANNOUNCEMENT came true! Wow.

But where is the GEOS NA side of the announcement that was promised too?

Misleading advertising from

Misleading advertising from GEOS? Nah...LOL

GEOS Japan, and other locations, have always and still do advertise to...But if they are all "separate companies" then why group them? Hwo can Special K siphon money from global operations so easily? Morons. And there are still GEOS NA sites trying to con people saying they have "over 500 schools (550 on some still!)" worldwide, etc., etc. Then, again, the GEOS NA VP manager, Uri Carnat I believe, claimed to be be a full member of the "Montreal Chamber of Commerce." Too bad it is actually known as the Montreal Board of (International) Trade, and he has never been a member.

So, any news on GEOS NA?

Can some post the GEIA link?

Wait what? the GEOS NA

Wait what? the GEOS NA announcement came true? I heard about Europe but not NA.

What GEOS NA announcement?

What GEOS NA announcement? Someone alluded to GEOS Europe decision by the end of this month because of the problems, with GEOS NA being today...However the Europe announcement came first. Any word on NA? I am sure the NA VP is scrambling to delay it...

I doubt very much the new

I doubt very much the new organisation in Europe will survive very long(two years tops).

Neither are very popular with other managers and staff in the British schools, or known for having any business acumen.

Re: GEOS NA Announcement

Ah, it is April 6. GEOS NA D-Day. The day that Armageddon was to fall upon the GEOS world. How many have ascended the mountain top of public rumor only to find it offered nothing but another day of righteous contempt and wild speculation.

Ah, our GEOS NA troll is

Ah, our GEOS NA troll is back. Ha, ha! Yet HE fails to mention that GEOS Europe announcement came TRUE. Only a matter of time. We all know a certain someone has been desperately trying to delay the inevitable at GEOS NA (Canada in particular)...But the day of reckoning is upon us...Stay tuned.

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