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Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX) -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (731)	10/1/2002 2:03:31 PM
From: Al Collard	Read Replies (3) \| Respond to of 960

Capital Alliance's academic subsidiary rakes in more students Tue 1 Oct 2002 News Release Mr. Toby Chu reports CIBT ENROLLMENTS INCREASE BY 153% CIBT Canadian Institute of Business & Technology Corp. (CIBT), a subsidiary of Capital Alliance Group, has experienced an increase of 153 per cent in fall 2002 enrolments, as compared with the same period last year. The increase in new student enrolment was attributed to the high demand for CIBT's co-operative international bachelor degree program ("2+2 program") and favourable response to the newly launched information technology program. CIBT was also selected, through a competitive bidding process, to provide English language and computer training to Chinese recipients of the Ford Foundation International fellowship program. Launched in 1999, the international bachelor degree program allows Chinese students to obtain their bachelor degree by studying in Beijing and abroad. Following two years of study at CIBT's campuses in Beijing, students complete the final two years of undergraduate degrees at one of five CIBT partner universities located around the globe. The first group of 69 students in this program has successfully transferred to CIBT's academic partners in the United Kingdom, Malaysia and Thailand. An additional 24 students are awaiting visa approval for the United Kingdom, Canada and Australia. Based, in large part, on referrals from participating students, enrolments in this year's 2+2 program have increased by 98 per cent over the previous year. CIBT's information technology program, one of the first foreign-owned joint venture information technology diplomas approved by the Chinese government, also received favourable response with over 100 students in its first group. CIBT also signed a contract with the Ford Foundation to provide English language, business and technical training to students from remote areas of China who are sponsored by the Ford Foundation to attend graduate level programs at schools in the United States. Due to the wide range of educational and professional backgrounds, candidates are required, under the terms of the agreement, to participate in a five- to ten-month training program at CIBT's campuses in Beijing, China. Founded in 1936, the Ford Foundation operated as a local philanthropy in the state of Michigan until 1950, when it expanded to become a national and international foundation. Since its inception, it has been an independent, non-profit, non-governmental organization and has provided slightly more than $10-billion (U.S.) in grants and loans. "We are very pleased with the phenomenal growth in enrolments for 2002," stated Toby Chu, chief executive officer of CIBT. "The popularity of our programs demonstrates strong demand for foreign education, and the government's dedication to opening its doors to foreign investment. Furthermore, after receiving formal government approval for the information technology program just three months ago, the reception and interest has been significant. Our enrolment results confirm CIBT's firmly established, strategic position in China and set the foundation for aggressive expansion in this vastly untapped market of 1.2 billion people."