Capital Alliance (CPT)

[pritz]

Capital Alliance Group Completes $1.5M Private Placement

4/16/04

VANCOUVER, Apr 16, 2004 (Canada NewsWire via COMTEX) --
Capital Alliance Group Inc. (TSX.V:CPT) announces that it has completed a private placement through Union Securities Ltd. raising gross proceeds of $1.5 million, one of the two brokered private placements announced on February 13 and 19, 2004. The proceeds of tdw
he offering will be used to expand business activities of CIBT School of Business in China and for general working capital purposes. The securities issued in this private placement will be subject to a four-month hold period expiring on August 16, 2004.

The company also reports that it is in the final stages of completing the remaining portion of private placement financing sponsored by Kingsdale Capital Markets Inc. as announced on February 13, 2004.

About Capital Alliance Group Inc.

Capital Alliance Group (TSX.V:CPT) invests and manages companies with significant growth potential in emerging markets. CPT owns three subsidiaries: CIBT School of Business &Technology Corp is a leading business school providing academic and technology degree programs in China. SE Global Equities Corp. provides a software platform allowing instantaneous order routing of US securities with special focus on international investors from across the globe. Irix Design provides marketing support for CPT the group and has clients in North America and Asia.

On Behalf of the Board of Directors of CAPITAL ALLIANCE GROUP INC.

'Toby Chu' ----------------- Toby Chu President &C.E.O.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION.
VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=57255

For further information: Investor Relations Contact: Mr. Quentin Mai, N. America Toll Free: 1-888-865-0901 Ext.312, Email: investor(at)cag-global.com

News release via Canada NewsWire, Vancouver 604-669-7764 -MC-

Copyright (C) 2004 CNW, All rights reserved

© 2004 StockHouse.ca / Disclaimer