CIBT Signs Agreement with Intel
First School to Offer Intel E-Commerce Training Program in Mainland China
CDNX Symbol: CPT
VANCOUVER, Oct. 18 /CNW/ - Capital Alliance Group Inc. and its subsidiary
- CIBT Canadian Institute of Business and Technology Corporation ("CIBT") -
announces that CIBT has entered into a licensing and revenue sharing agreement
with Intel Internet Technology (Shanghai) Ltd. ("Intel") to offer Intel's E-
Business Solution Training program at the CIBT campus in Beijing, China.
Under the agreement, CIBT will provide marketing, student recruitment and
a course delivery venue, while Intel will provide course materials,
instructors and certificates of completion. Targeted at corporations,
entrepreneurs and individuals throughout the Chinese information technology
sector, the E-Business Solution coursework ranges from e-business planning and
strategy to web server performance and XML design and processing. Intel
expects to add courses at a later date to complement the eight core courses
that currently comprise the program.
"To be selected by Intel as the first school to offer their e-commerce
program in Mainland China is a testament to the quality of our reputation and
marketing channels within China, particularly in the corporate and executive
training market," said CIBT president Charles Chen. "The newest technology and
training expertise which accompanies this program provides companies in China
with the foundation required to make the transformation from a traditional to
an e-commerce business. With China's full WTO membership expected next month,
combined with the Chinese government's open attitude towards the advent of e-
commerce, we believe CIBT is well positioned to play a significant role in the
burgeoning market for e-commerce training."
Along with this announcement, CIBT released September 2001 enrollment
figures that show increasing enrollments of 8% in the MBA program and 46% in
the "2 + 2" transferable degree program over the same period in 2000.
About CIBT
CIBT Canadian Institute of Business and Technology Corporation is a
leading provider of educational services in China through its three campuses
in Beijing. Its mission is to deliver a broad range of academic and career
training programs through a network of training facilities throughout Asia and
via the Internet. CIBT is among the first institutions in China to receive
official approval from the Academic Degrees Committee of the State Council to
award foreign MBA degrees. The Academic Committee of the State of China
recognizes CIBT as one of the top ten foreign-owned MBA providers in China.
Through its partnership with City University of Washington State, CIBT has
received a Letter of Commendation from the Northwest Association of Schools
and Colleges for the academic integrity of its MBA program. CIBT's other
partners include the Beijing Polytechnic University, distinguished
international universities including La Trobe University in Australia,
University of Portsmouth in the UK, Royal Roads University in Canada,
Assumption University in Thailand and Schiller International University in
Switzerland. Major sponsoring corporations of CIBT's training programs include
KPMG, Bank of China International and NASDAQ International.
On Behalf of the Board of Directors of
CAPITAL ALLIANCE GROUP INC. &
CANADIAN INSTITUTE OF BUSINESS & TECHNOLOGY CORP.
"TOBY CHU"
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Toby Chu
President and C.E.O |
