CIBT Launches New Corporate Website
CDNX Symbol: CPT
VANCOUVER, March 20 /CNW/ - CIBT Canadian Institute of Business &
Technology Corp. ("CIBT"), a subsidiary of Capital Alliance Group Inc.
(CDNX:CPT) and a leading business school providing corporate training and
academic degree programs in Beijing, China, announces that it has launched a
new corporate website at www.CIBTCorp.com. The new website provides background
information on the Chinese education market and profiles of CIBT's education
and training programs, in addition to company news and business presentations.
"This website provides our investors, CIBT partners, media and other
members of the public with comprehensive and up-to-date information that
reflects CIBT's initiatives, growth and recently accelerated business
development," said Toby Chu, CIBT president and CEO. "As the profile of CIBT
continues to grow, in both North America and Asia, CIBTCorp.com will serve as
our primary tool for maintaining up-to-date information on developments at
CIBT."
Capital Alliance Group Inc. also announces that the funds raised under
the private placement announced March 5, 2002 will be used for business
development and general working capital purposes. A finder's fee is payable in
connection with this private placement.
About CIBT
Formed in 1994, CIBT has established itself as a prestigious institution
of higher learning. Through its subsidiary, CIBT School of Business,
comprising three campuses in Beijing, China, CIBT Canadian Institute of
Business and Technology Corp. delivers foreign academic, information
technology and career training programs to thousands of students and
corporations in China. Rated as one of the top ten foreign-owned MBA providers
in China, 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. CIBT's Chinese joint venture partner, Beijing Polytechnic
University, is a distinguished member of China's Project 211, a project
representing China's top 100 institutions of higher education chosen to play a
leading role in training China's high-level manpower for the 21st century.
Through agreements with international universities in Australia, Canada, the
UK, Switzerland and Thailand, CIBT provides Chinese students and business
executives the opportunity to study abroad. CIBT also delivers information
technology programs in Beijing through its business agreement with ITT
Educational Services, Inc. (NYSE:ESI), a leading U.S.-based provider of
technology-oriented postsecondary degree programs. Major sponsoring
corporations of CIBT's training programs include KPMG, Bank of China
International and NASDAQ International.
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. |
