Capital Alliance's CIBT to offer U.S. master's in China
Capital Alliance Group Inc CPT (TSX-V:CPT)
Shares issued 18,889,099 Sep 30 close $0.55
Wed 1 Oct 2003 News Release
Mr. Toby Chu reports
CIBT Canadian Institute of Business & Technology Corp. (CIBT), a subsidiary
of Capital Alliance Group and a leading business school in China, has
signed an agreement with Western International University (WIU), a
subsidiary of Apollo Group, Inc. (NASD: APOL), to deliver WIU's bachelor
and master degree programs to China. CIBT has also received formal approval
from the Beijing Education Commission to deliver these new programs at CIBT
campuses in China.
China's National Bureau of Statistics has recently reported that over 320
million students are enrolled in 1.35 million schools across China, making
it the largest education system in the world. University and college
enrolment in China has doubled since 1998 to approximately 16 million.
Although China population of 1.3 billion is over four times that of the
United States there are only approximately 1,600 universities in China
compared with 4,500 universities in United States. With China's total
economic output expected to surpass $1.2-trillion (U.S.) this year, along
with the recent steep rise in foreign direct investment, the demand for
Western trained business and technology graduates in China has never been
greater. WIU's mission is to prepare individuals to assume leadership roles
as professionals, executives, and entrepreneurs in an ever-changing global
marketplace. WIU's student body represents a unique mix of adult
professionals, international students and undergraduates. Recognizing that
working professionals must balance careers, families, and education, WIU
offers programs in formats that are intensive in content and offered at
times and locations that are conducive to their needs. "A key component of
WIU's mission is to provide quality education programs on a global basis,"
said Michael J. Seiden, WIU president. "Currently, WIU is servicing many
international students at its Phoenix, Ariz., campuses. International
students, provide an outstanding multicultural environment for our domestic
students. Recognizing that there are many individuals throughout the world
who cannot come to the U.S. to complete their education, we are very
pleased to provide our outstanding degree programs in business, management
and information technology to the world's most rapidly growing economy,
China."
"We are delighted to be an exclusive partner of WIU in Beijing, an
accredited university that recently celebrated its 25th anniversary with a
strong track record of success," said Toby Chu, CIBT president and chief
executive officer. "WIU's business management programs complement many of
our existing programs including information technology (IT) courses from
ITT Educational Services, Inc. and certified financial analyst (CFA) exam
preparation courses from DeVry Inc.'s subsidiary, Becker Conviser. We are
confident CIBT will become the most comprehensive education provider in
China by its continued co-operation with leading North American education
and international university partners."
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