CIBT Partners with Apollo Group, Inc. Subsidiary, Western International University To Expand Presence In China
Wednesday October 1, 2:04 pm ET
TSX-VEN Symbol: CPT
VANCOUVER, Oct. 1 /PRNewswire-FirstCall/ - CIBT Canadian Institute of Business & Technology Corp. ("CIBT"), a subsidiary of Capital Alliance Group Inc. (TSX-VEN:CPT) and a leading business school in China, announced today that it has signed an agreement with Western International University ("WIU"), a subsidiary of Apollo Group, Inc. (NASDAQ:APOL - News), to deliver WIU's bachelor and master degree programs to China. CIBT also announces that it has received formal approval from the Beijing Education Commission to deliver these new programs at CIBT campuses in China.
ADVERTISEMENT
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 enrollment in China has doubled since 1998 to approximately 16 million. Although China's population of 1.3 billion is over 4 times that of the US there are only approximately 1600 universities in China compared to 4,500 universities in United States. With China's total economic output expected to surpass US$1.2 trillion 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, Arizona campuses. International students, provide an outstanding multi- cultural 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 CEO. "WIU's business management programs complement many of our existing programs including information technology courses from ITT Educational Services, Inc., and 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 cooperation with leading North American education and international university partners."
About Western International University
A subsidiary of Apollo Group, Inc., Western International University (WIU) provides a broad educational foundation, including a focus on business and technology, designed to prepare students for leadership positions in a dynamic, global marketplace. Founded in 1978 in Phoenix, Arizona, WIU became a part of Apollo Group, Inc. in 1995. Today, WIU is a for-profit education provider committed to the effective management of its human and financial resources to provide educational innovation and high-quality degree programs. WIU campuses are located in Phoenix, Chandler, Scottsdale, and Fort Huachuca, Arizona and New Delhi, India. WIU has been accredited by The Higher Learning Commission and is a member of the North Central Association. For more information, visit the WIU website at www.wintu.edu.
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 delivers foreign academic degree programs, career training and IT training solutions to students and corporations in China. By cooperating with leading North American education providers, CIBT will continue to expand its curriculum offering to sectors such as health care and career education.
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 University of Technology (Formerly 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, Malaysia and New Zealand, CIBT provides Chinese students and business executives the opportunity to study abroad. Major sponsoring corporations of CIBT's training programs include KPMG and Bank of China International. For more information, visit the CIBT websites at www.CIBTCorp.com or www.cibt.edu.
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.
Company Contact:
Mr. Quentin Mai N. America Toll Free: 1-888-865-0901 Ext.312,
Email: investor@cag-global.com
finance.yahoo.com |
