Capital Alliance Group Inc. and its subsidiary, Canadian Institute of Business & Technology Corporation (“CIBT”) are pleased to report recent developments relating to CIBT.
As part of CIBT’s plans to become a leading provider of education services throughout China, the company has recently launched a website – http:// www.wangu21.com. This site provides education services throughout China in both Chinese and English, via the Internet. It has also established another site for later launch – Cyberu.edu which will provide additional information about CIBT’s programs to English speaking corporations. The company’s expansion onto the Internet will allow CIBT to rapidly widen its audience and tap into the very large market of post secondary school graduates in China who are searching for easy to access, affordable and high quality education and skills training programs. As China is poised to enter the World Trade Organization later this year, the demand for educated individuals with western based skills and business training within China is expected to increase dramatically. The Chinese market of 1.2 billion people presents tremendous opportunities for those businesses who are well positioned to service this market.
Established in 1995, CIBT School of Business is an educational institution jointly formed by Beijing Polytechnic University (BPU), and CIBT. As part of China’s open door policy, the Chinese Government supports foreign based educational joint ventures in China. CIBT is proud to be one of the first Sino-foreign joint venture institutions offering business career training at a tertiary level in Beijing. CIBT School of Business is also one of the four officially and nationally approved foreign MBA granting degrees in Beijing. CIBT has positioned itself to be one of the first education providers in China to offer on-line certificate and academic degrees.
With the launch of this website, CIBT is now poised to take full advantage of the pending Chinese Government’s Education Commission ruling to allow the granting of academic degrees online. These academic degrees will compliment the existing online certificate programs and course materials that CIBT now provides to its students. Following discussions with the Chinese Education Commission, the company expects that the Education Commission will make it compulsory by the end of this year that any Internet education company which intends to grant academic degrees will have to provide a portion of its instruction to their online students through traditional classroom teachings. The majority of existing Internet based training / education companies do not have the onsite facilities in China to provide classroom training. In contrast, CIBT has an established six year history of providing traditional classroom based education programs in China. With its existing programs, and now with the launch of its website, together with its expansion plans, the company feels that it has a significant advantage over other competitors hoping to enter this field in China.
CIBT’s educational programs are offered through strategic partnerships with City University (CU) and International Business School (IBSI). CIBT is responsible for the daily operations and management in the delivery of its curriculum. CU is an international educational institution based in Bellevue, Washington, USA. This institution has been ranked as the university with the fifth largest MBA enrollment in North America and one of the top cyber ‘online’ education universities in the world. An agreement between CIBT and City University grants CIBT the exclusive right to deliver City University’s curriculum in Beijing. This exclusive right elevates CIBT’s status as a facilitator of the Master’s degree programs in conjunction with Beijing Polytechnic University. Based in Toronto, Ontario, IBSI is the largest career development training institution in Canada. Through its alliance with IBSI, CIBT is able to offer a wide range of IBSI’s highly successful career training and technical courses.
Through its strategic partnerships as well as the courses they have developed in house, CIBT now offers its students the option of enrolling in a broad range of certificate and academic degree programs specializing in: Masters of Business Administration (MBA), Business English, Executive and Career Training, as well as Technical Training. CIBT and City University are working to develop the online offerings of these programs. In addition to the certificate programs CIBT is now offering online, it is currently developing additional certificate level and academic courses to compliment its existing traditional and online curriculum. Other joint venture relationships are also currently under development between CIBT and various Chinese educational institutes. CIBT envisions establishing a learning institution in every major city in China.
Since its inception in 1995, CIBT has experienced an aggressive revenue growth rate of greater than 50% per year and is currently profitable. CIBT now has over 1,100 students enrolled in courses at their three campuses in Beijing. Each of these campuses has state of the art equipment with combined teaching facilities exceeding 25,000 square feet. The launch of the new ‘wangu21.com’ on-line service will compliment the existing CIBT programs. In addition to their on-site facilities, this new website will now allow CIBT to access and assist the large number of students from remote Chinese cities to acquire a high level of education and training via the Internet. The on-line learning format will allow students to learn at their own pace regardless of their location. The students will also have the advantage of going on-line to join discussion groups with their instructor and other students in a ‘virtual classroom’.
Mr. Charles Chen (President of CIBT China and Director of Capital Alliance Group Inc.) states, “With the availability of the Internet, coupled with CIBT’s established presence in China, excellent reputation, and a six year relationship with the Chinese government, CIBT believes that it has a competitive advantage both within China and abroad.”
On Behalf of the Board of Directors of CIBT.
President and C.E.O
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