Capital Alliance Group Inc.

Capital Alliance Group Inc.

April 04, 2007 12:54 ET

Capital Alliance Group Affiliate to Change Its Name to Asia Interactive Media

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2007) -


Capital Alliance Group Inc. (TSX VENTURE:CPT) is pleased to report that its affiliate, Black Gardenia Corp., a developing US based internet job search company, announced today that it has changed its corporate name to Asia Interactive Media Inc. ("AIMI") to reflect its pending acquisition and business expansion into China's internet job-search market. Capital Alliance Group currently has an outstanding convertible debenture advanced to AIMI allowing Capital Alliance Group to potentially own up to 75% (15 million shares) of AIMI.

"As part of our corporate reorganization process, we intend to eventually amalgamate all of our media sector assets into AIMI," commented Toby Chu, President and CEO of Capital Alliance Group. "This will enable Capital Alliance Group to focus on China's education sector, while retaining publicly traded shares of AIMI."

About Asia Interactive Media Inc.:

AIMI was incorporated as a Nevada Corporation in 2000 and has been reporting to the SEC since 2000. AIMI is an internet based job-search company currently under development by Capital Alliance Group. The focus of AIMI is to become the premier internet job search platform for China to connect its massive job seeking population with the ever demanding employment market. Capital Alliance Group, its subsidiary the CIBT School of Business and Technology Corp. and its media investments including Irix Design Group Inc. and Sun New Media Inc. can potentially become synergistic partners with AIMI, adding greater growth opportunities for all.

About Capital Alliance Group Inc.:

Capital Alliance Group, headquartered in Vancouver, British Columbia, Canada is a diversified investment, operations and management firm with a broad international presence. Founded in 1986, the company currently has branch offices in Mainland China and in Canada. Capital Alliance Group has brought together a team of professionals with extensive practical experience in building world-class organizations in both the old and new economy. With a long track record of success in the international business arena, Capital Alliance Group's team has both the depth and breadth of management expertise to assist its subsidiary companies in all phases of their growth.

Capital Alliance Group Inc.

Toby Chu, President & C.E.O.

WARNING: This news release contains forward-looking information. The reader is cautioned that assumptions used in preparing such information, although considered accurate at the time of preparation, may prove incorrect. The actual results achieved may vary materially from the information provided herein. Consequently, there is no representation by the company that actual results achieved will be the same as those forecast.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information