CIBT Adds New Campus in Beijing
CIBT Canadian Institute of Business & Technology Corp (“CIBT”), a subsidiary of Capital Alliance Group Inc (TSX-V:CPT), today reported the opening of a new 107,000 square foot training complex in Beijing, comprising approximately 40,000 square feet of teaching and administrative space.
Within the new training complex are 20 modern classrooms, multiple computer labs and a 2,000 square foot lecture hall. Fully utilized, the facility can accommodate up to 2,400 students. Fully secured with fences, guards, a private entrance and parking lot, the building is also equipped with a basketball court, dormitory and dining areas.
With this new facility, CIBT strengthens its position as one of the largest foreign owned and operated business schools in Beijing today, measured by facilities and enrollment. CIBT continues to operate at two other existing locations totaling 25,000 square feet. Photos of the new complex can be seen at the corporate web site: www.CIBTCorp.com/ir/campus.html
This latest development is exciting for us because it positions us to increase our enrollments, unconstrained by availability of space,” said Toby Chu, CEO of CIBT. “The expansion to this modern new complex allows us to offer a broad range of programs to a larger number of students and utilize latest technology and equipment.”
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 and Technology Corp. delivers corporate training, academic degree programs and technology training solutions 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 MBA 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 the United States, Australia, Malaysia, Canada, the UK, Switzerland and Thailand, CIBT provides Chinese students and business executives the opportunity to enhance their education and business skills by studying in China or 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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