CIBT Signs Agreement with Hong Kong based Executive Placement Firm

January 23, 2003

CIBT Canadian Institute of Business & Technology Corp. (“CIBT”), a subsidiary of Capital Alliance Group Inc. (TSX-V:CPT) and a leading business school providing academic degree programs, corporate and information technology training in China, has signed a one-year agreement with Globe Team International Ltd. (“GTI”), a leading Hong Kong-based executive search firm, to provide executive personnel placement services for graduates of CIBT School of Business in Beijing.

“This agreement with GTI provides enhanced student services that improve the employment prospects of our graduates and help them secure higher paying jobs at foreign owned companies operating in China,” stated Toby Chu, president and CEO of CIBT. “As management executives trained in Western accredited and recognized academic programs, complemented by local knowledge and experience in the Chinese marketplace, CIBT graduates are invaluable to foreign companies. Facilitating student placement in desired executive management positions is an important component in enhancing our strong reputation with the Chinese and Western business communities.”

About GTI
Globe Team International Ltd. is one of the leading executive search firms in Hong Kong and has over 30 worldwide affiliation offices. GTI has a network of offices throughout Asia including Singapore, India, China and the rest of the world, enabling it to deliver end-to-end service capabilities both locally and regionally. GTI is able to serve the expanding needs of its global clients and provide recruitment and consulting services to many large local and international organizations. The company’s strength and specialty is mainly in banking and finance, information technology and sales and marketing, while taking on assignments from other commercial or general business sectors.

About CIBT
CIBT has provided academic degrees, corporate training and information technology programs in China since 1994. Rated among the top ten foreign-owned MBA providers in China, CIBT was one of the first institutions to receive official governmental approval to award foreign-accredited MBA degrees. CIBT has three campuses in Beijing consisting of over 70,000 square-feet of classroom space.

On Behalf of the Board of Directors of CIBT.

Toby Chu
President and C.E.O

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