Capital Alliance Group Inc.

Capital Alliance Group Inc.

October 28, 2005 16:20 ET

CIBT Appoints New Executive

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 28, 2005) -


Capital Alliance Group Inc. (TSX VENTURE:CPT) and its subsidiary, CIBT School of Business & Technology Corp. ("CIBT"), are pleased to announce the appointment of Mr. Troy Rice as Chief Operating Officer for CIBT and as a Director of Capital Alliance Group Inc.

Mr. Rice is a financial and operational executive with over twenty years of experience spanning software, services, manufacturing, real estate, retail and for-profit education companies. Currently, Mr. Rice serves as Senior Vice President of Business Development at Universal Technical Institute, Inc (NYSE: UTI), and he will be transitioning from his position at UTI over the course of the next few months.

Mr. Rice has also worked in the capacity of Vice President of Petsmart (NASDAQ:PETM), President of Cliquethru Technologies, Senior Vice President of Comfort Systems USA, Vice President at Transunion, Inc, Vice President and Controller, Trammell Crow and Senior Accountant at Deloitte & Touche. Mr. Rice received his Bachelor's degree in accounting from the University of Iowa in 1985 and his MBA from Arizona State University in 1992. He is also a Certified Public Accountant.

"Mr. Rice is a tremendous addition to our management team," commented Toby Chu, President and CEO of Capital Alliance Group Inc and CIBT. "By utilizing his financial and operational experience acquired from some of the best known companies in the U.S., we will be able to expand our businesses in Asia with enhanced guidance and knowledge. Mr. Rice will oversee our business growth plans including the development of new campuses, mergers and acquisitions, joint ventures, strategic partnerships and intellectual property licensing agreements."

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