Capital Alliance Group Inc.

Capital Alliance Group Inc.
Corinthian Colleges, Inc.

Corinthian Colleges, Inc.

October 31, 2005 09:00 ET

Capital Alliance Group Inc. and Corinthian Colleges, Inc.: CIBT Licenses Corinthian's WyoTech Brand and Curricula to Target China's Growing Automotive Training Market



CIBT School of Business & Technology Corp. (CIBT), a leading business school in China and a subsidiary of Capital Alliance Group Inc. (TSX VENTURE:CPT) and Corinthian Colleges, Inc. (NASDAQ:COCO) have signed a licensing agreement that will allow CIBT to offer a full line of transportation maintenance certificate, diploma and degree programs to meet growing demand for these skills in the greater China market.

Under the agreement, CIBT will have exclusive use of Corinthian's WyoTech brand name and curricula to operate automotive training schools in China, Taiwan and Hong Kong, with an option to expand into Thailand. Terms of the transaction were not disclosed.

WyoTech is part of the Titan Schools division of Corinthian Colleges and operates seven automotive, motorcycle, aviation and marine technical training schools across the United States.

CIBT will incorporate a new division, CIBT WyoTech Automotive Institute, to market and deliver a variety of WyoTech's courses including automotive technical training, diesel and industrial technology, and manufacturer specific advanced training. Students will graduate with credentials fully accredited and recognized in China. The company has commenced construction of an advanced automotive school in Weifang City, Shangdong Province, in conjunction with its existing partner Weifang University. The new campus will encompass more than 150,000 square feet of facilities adjacent to CIBT's existing subsidiary, CIBT Beihai International Management School.

The automotive industry continues to be one of the fastest growing sectors of the Chinese economy, according to a special report on China published in Business Week magazine on May 9, 2005. The article estimated that 40 percent of Chinese families are planning to buy a new car. General Motors chairman and chief executive officer Rick Wagoner was quoted in Fortune magazine's October 4, 2004 issue as saying that he expects China to become the world's second largest auto market. Consequently, there will be a huge, unfulfilled demand for skilled workers and factory certified automotive technicians in China.

"WyoTech has been a leader in automotive technology and maintenance training in the United States for nearly 40 years," said Tim Schutz, president and chief operating officer of Corinthian's Titan Schools Division. "We are enthusiastic about the potential in the greater China market and pleased to have the opportunity to extend our expertise beyond U.S. borders."

"We see tremendous growth opportunities ahead for automotive training in China and are excited to be entering into this untapped sector with WyoTech as our partner," said Toby Chu, CIBT's president and chief executive officer. "Our corporate strategy is to become the largest education platform in China, with a wide array of academic degree, technical and trade programs catering to various student population segments."

About CIBT

Founded in 1994, CIBT School of Business is a leading business and technology school in China. CIBT operates three campuses in Beijing, two campuses in Weifang, and three learning centers in other cities in China. CIBT has academic partnerships with Beijing University of Technology and Weifang University and delivers postsecondary business and technology education to students and corporations in China. 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.

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

About Corinthian Colleges, Inc.

Corinthian Colleges, Inc. is one of the largest post-secondary education companies in North America, operating 95 colleges in 24 states in the U.S. and 34 colleges in seven provinces in Canada. The Company's mission is to help students prepare for careers that are in demand or to advance in their chosen career. Corinthian offers diploma programs and associate's, bachelor's and master's degrees in a variety of fields, concentrating on careers in health care, business, criminal justice, transportation maintenance, trades and technology.

WyoTech is part of Titan Schools, a division of Corinthian Colleges. WyoTech schools offer degree and diploma programs in automotive, aeronautical, diesel, collision/refinishing, motorcycle, marine and personal watercraft, heating/ventilation/air conditioning and plumbing technology. In addition, WyoTech offers advanced training programs in applied service management; advanced diesel; advanced diagnostics; street rod and custom fabrication; chassis fabrication and high performance engines; trim and upholstery; and motor-sports.

Corinthian Safe Harbor Statement - Certain statements in this press release may be deemed to be forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. Corinthian Colleges, Inc. intends that all such statements be subject to the "safe-harbor" provisions of that Act. Many important factors may cause actual results to differ materially from those discussed in any such forward-looking statements, including possible changes in the general economic conditions in China, Taiwan and Hong King, potential restrictions on trade or foreign investment in China, Taiwan or Hong Kong, increased competition, uncertainty as to the attractiveness of the WyoTech brand or curricula in China, Taiwan and Hong King, and the other risks and uncertainties described in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise.

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

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