Capital Alliance Group Inc.
TSX VENTURE : CPT

Capital Alliance Group Inc.

May 30, 2006 09:00 ET

Capital Alliance Group Inc.: CIBT Expands to New Location in China

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 30, 2006) -

NOT FOR DISTRIBUTION TO US NEWSWIRE OR FOR DISSEMINATION IN THE US

Capital Alliance Group Inc. (TSX VENTURE:CPT) reports that its subsidiary, CIBT School of Business and Technology Corp. ("CIBT"), has signed an alliance agreement with Jiyuan Vocational and Technical College ("Jiyuan College") located in Jiyuan City, Henan Province, China. The agreement is for Jiyuan College to offer various educational courses provided by CIBT and its academic partners including Western International University, ITT Technical Institute and selected technical and vocational courses from WyoTech Inc.

On May 24th, 2006 CIBT executives traveled to Jiyuan city, and received tremendous support from the city's highest-ranking officials including the mayor's office, the Jiyuan Education Bureau and senior members of the local Education Commission. During the visit all parties explored opportunities to expand the relationship and agreed in principle for further cooperation.

"We are delighted to add another geographical presence in Henan, a province consisting of nearly 100 million people," said Toby Chu, President & CEO of CIBT. "This agreement reflects CIBT's growth strategy to extend our brand and product through alliances with higher education institutions located in small to mid sized cities typically with populations of 1 to 10 million people. Our full array of certificate and degree granting programs are designed to expose Jiyuan College students to the pedagogy and curriculum of some of North America's most highly regarded educators."

About Jiyuan Vocational and Technical College:

Jiyuan Vocational and Technical College is a higher educational institution established by the Jiyuan Municipal Government with approval from the Henan Provincial Government. Jiyuan College offers various programs including higher education vocational training, distance education, vocational high school, Sino-foreign joint programs and general training. The major departments at Jiyuan College include Economics and Trade, Mechanics and Electronics, Computer Sciences, Arts, Science and Education. There are 5 bachelor degree, 19 associate degree and 23 high school vocational certificate programs offered at Jiyuan College. The total enrollment of the college is 9000, among which 6000 are full-time students. The placement rate for graduates is above 95%. Jiyuan College has a total staff of 445, among them 297 are teachers, and 58 are professors or associate professors. Jiyuan's College campus covers a total area of 74 acres, with a building area of 37 acres. The facilities include 8 vocational training centers, 70 labs and a library with over 185,000 titles.

About Henan Province:

Henan province is located in the central part of the country; it has a population of 100 million and the combined population of its neighboring provinces numbers over 300 million. Henan has a GDP of $US 138 billion with its main industries in textile, metallurgy, petrol, building materials, chemical, machinery, electronics and agriculture.

About CIBT:

CIBT School of Business is a leading business and technical school, and has been providing training to students for over a decade in China. CIBT operates four campuses in Beijing, two campuses in Weifang, and five learning centers in other cities in China. CIBT has academic partnerships with Beijing University of Technology and Weifang University, and delivers postsecondary business, technology and technical trade skill programs to students and corporations in China. By cooperating with leading education providers in North America including Western International University, a subsidiary of Apollo Group Inc.; ITT Technical Institute; WyoTech Technical Institute, a subsidiary of Corinthian Colleges Inc.; and other universities from Europe and Asia, CIBT delivers advanced curricula to meet the progressive needs of China's growing student population.

Capital Alliance Group Inc. and CIBT School of Business & Technology Corp.

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