CIBT Provides Update on Latest Developments in China
3/24/04
CIBT School of Business & Technology Corp. ('CIBT'), a subsidiary of Capital Alliance Group Inc. and a leading business school in China, provides update on its latest developments in China. On February 25th, 2004 CIBT held a press conference in Beijing to announce the government accreditation of its bachelor degree prodw
grams jointly offered with Beijing University of Technology, ITT Education Services, Inc. and Western International University ('WIU'). This announcement marked the first bachelor degrees offered by foreign institutions, to receive formal recognition from the Chinese government. Over 90 Chinese news reporters and media personnel attended the event. Links to news articles covering the press conference are available at www.cag-global.com/inthenews/beijingpress.html and www.cibtcorp.com/newflash/beijingpress.html.
Prior to the press conference, on February 24th, 2004, CIBT and WIU were invited by a Chinese education regulatory body to give a presentation on the history and development of the private for-profit education sector in the United States. Michael Seiden, President of WIU, delivered the presentation to an audience that included approximately 100 representatives from various government authorities such as the Ministry of Education, the China Education Association for International Exchange, municipal education commissions and state-owned universities.
'We are proud to be invited by one of China's education regulatory bodies to present the concept of private business schools,'expressed Toby Chu, President and CEO of CIBT. 'This invitation reinforces our relationship with the regulatory bodies in China and also endorses CIBT's credibility as a leading business school in Beijing.'
On March 1st, 2004, Toby Chu, President and CEO of CIBT, was interviewed live on television by CNBC Asia, a leading business and financial television network in Asia. The video clip of the interview is available at www.cag-global.com/newflash/cnbc.html and www.cibtcorp.com/newflash/cnbc.html.
About CIBT
Founded in 1994, CIBT School of Business is a recognized business school in Beijing, China. CIBT operates two campuses in Beijing and three learning centres in other cities in China. CIBT has an academic partnership with Beijing University of Technology and delivers postsecondary business and technology education to students and corporations in China. By cooperating with leading education providers in North America, Europe and Asia, CIBT continually develops advanced curricula to meet the needs of China's growing economy.
On Behalf of the Boards of Directors
of Capital Alliance Group Inc.
and CIBT Canadian Institute of Business & Technology Corp.
Toby Chu, President & C.E.O.
CONTACT: TEL: 888-865-0901 Ext.312 Investor Relations, Quentin Mai
EMAIL: investor@cag-global.com
