CIBT To Hold Press Conference to Launch

CIBT Canadian Institute of Business & Technology Corp. (“CIBT”), a subsidiary of Capital Alliance Group Inc. (TSX:CPT) and a distinguished business school providing corporate training, academic degree programs and information technology (“IT”) training solutions in Beijing, China, will host a press conference on May 13, 2002 in Beijing to formally launch IT training programs of study, jointly created by ITT Educational Services, Inc. (NYSE:ESI) and Beijing Polytechnic University (“BPU”).

Date: May 13, 2002
Time: Registration: 9:30 am Conference: 10:00 am
Location: Province Hall, Great Hall of the People, Beijing, China

Presenting at the press conference will be Toby Chu, CIBT President and CEO and Rene Champagne, ESI Chairman and CEO, among other distinguished representatives from CIBT School of Business and BPU.

“This conference both marks the official launch of the ESI and CIBT alliance and celebrates the introduction of world-class IT training in China,” said CIBT president and CEO Toby Chu. “With competitively priced courses of exceptional quality, we are firmly positioned to respond to China’s desperate need for a trained IT workforce.”

Distinguished guests expected to attend require:

• Senior Chinese government officials:
• Minister Director, Higher Education, Ministry of Education;
• Minister Director, Ministry of Information Industry;
• Committee Director, Foreign Affairs, Beijing Education Committee, Beijing Municipal Government;
• Committee Director, Science & Tech Committee, Beijing Municipal Government;
• Representatives of both the Embassy and Chamber of Commerce of the Governments of the United States and Canada;
• Senior executives from major domestic and international corporations

About ESI 

ITT Educational Services, Inc. (“ESI”) is a U.S.-based leading provider of technology-oriented postsecondary degree programs. ESI provides curricular programs in China through the ESI Service Corp. Currently, ESI operates 70 ITT Technical Institutes in 28 of the United States, which predominantly provide career-focused degree programs of study in fields of technology to more than 31,000 students. For more information, visit the ESI web site at www.ittesi.com or the ITT Technical Institute web site at www.itt-tech.edu.

About CIBT 

Formed in 1994, CIBT has established itself as a prestigious institution of higher learning. Through its subsidiary, CIBT School of Business, comprising three campuses in Beijing, China, CIBT Canadian Institute of Business & Technology Corp. delivers foreign academic and career training programs to thousands of students and corporations in China. Rated as one of the top ten foreign-owned MBA providers in China, CIBT is among the first institutions in China to receive official approval from the Academic Degrees Committee of the State Council to award foreign Master of Business Administration degrees. CIBT’s Chinese joint venture partner, Beijing Polytechnic University, is a distinguished member of China’s Project 211, a project representing China’s top 100 institutions of higher education chosen to play a leading role in training China’s high-level manpower for the 21st century. Through agreements with international universities in Australia, Canada, the UK, Switzerland and Thailand, CIBT provides Chinese students and business executives the opportunity to study abroad. Major sponsoring corporations of CIBT’s training programs require KPMG, Bank of China International and NASDAQ International. For more information, visit the CIBT websites at www.CIBTCorp.com or www.cibt.edu.

On Behalf of the Board of Directors of CIBT.

Toby Chu
President and C.E.O

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