CIBT Signs Agreement with Intel

October 18, 2001

CIBT has entered into a licensing and revenue sharing agreement with Intel Internet Technology (Shanghai) Ltd. to offer Intel’s e-business solution training program at the CIBT campus in Beijing, China.

Under the agreement, CIBT will provide marketing, student recruitment and a course delivery venue, while Intel will provide course materials, instructors and certificates of completion. Targeted at corporations, entrepreneurs and individuals throughout the Chinese information technology sector, the e-business solution course work ranges from e-business planning and strategy, to Web server performance, and XML design and processing. Intel expects to add courses at a later date to complement the eight core courses that currently comprise the program.

“To be selected by Intel as the first school to offer their e-commerce program in Mainland China is a testament to the quality of our reputation end marketing channels within China, particularly in the corporate and executive training market,” said CIBT president, Charles Chen. “The newest technology and training expertise which accompanies this program provides companies in China with the foundation required to make the transformation from a traditional to an e-commerce business. With China’s full WTO membership expected next month, combined with the Chinese government’s open attitude toward the advent of e-commerce, we believe CIBT is well positioned to play a significant role in the burgeoning market for e-commerce training.”

Along with this announcement, CIBT released September, 2001, enrolment figures that show increasing enrolments of 8 per cent in the MBA program and 46 per cent in the “2 + 2” transferable degree program over the same period in 2000.

On Behalf of the Board of Directors of CIBT.

Toby Chu
President and C.E.O

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