VANCOUVER, Jan 20, 2004 (Canada NewsWire via COMTEX) --
CIBT School of Business &Technology Corp. ('CIBT'), a subsidiary of Capital Alliance Group Inc. (TSX-VEN:CPT) and a leading business school in China, reported today a total enrolment increase of 63% in 2003 as compared to same period last year.
Enrolment
increases include significant growth in the English programs, MBA and Technology degree programs. CIBT's total student body is currently at 1,064 students. This enrolment figure does not include new enrollments from the recently announced MBA program for Civil Aviation and Administration China ('CAAC'), sponsored by Boeing Corp. The first group of a total of approximately 200 MBA candidates participating in the CAAC/Boeing program started December 2003.
'Expanding foreign direct investments are fueling China's burgeoning economy and creating high demands for western trained management and workers,' stated Toby Chu, CIBT's president and CEO. 'As a premier business and technology school with nearly 10 years of operating experience in China, we anticipate that our business management programs, advanced technology and English language training programs will continue to be CIBT's fastest growing segments in coming years.'
About CIBT
Founded in 1994, CIBT School of Business is a recognized business school in Beijing, China. CIBT operates three 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. 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' Toby Chu President &C.E.O.
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