CIBT AND CITY UNIVERSITY JOINT MBA PROGRAM RECEIVES RECOGNITION IN CHINA

February 2, 2005

CIBT School of Business & Technology Corp. (“CIBT”), a subsidiary of Capital Alliance Group Inc. (TSX-V: CPT) and a leading business school in China in conjunction with City University, are pleased to announce that the eight-year-old joint MBA program between City University and Beijing University of Technology has ranked among the Top-10 Most Influential Sino-Foreign Joint MBA Programs in China according to the 2004 World Executive Weekly . In addition to the ranking, the program has achieved a milestone with more than 1,000 Chinese alumni being accredited US-style educations and degrees from City University .

” City University has long been committed to delivering superior quality degree programs in China ,” said Dr. Fernando Leon Garcia, Executive Vice President of Academic Affairs. “The partnership we have with CIBT allows us to reach a broader sector of the Chinese population with a U.S.-style educational program that is both relevant to local needs and contributes towards capacity building in China “.

Programs that were considered for the Sino-Foreign MBA ranking had to deliver foreign MBA programs and be approved by the Ministry of Education in China . The evaluation committee focused on the reputation and capability of the joint MBA program’s foreign partners. They then sent out questionnaires to the CEOs of China’s Top 500 enterprises and multinational companies, who are the largest employers of MBA graduates, to collect information about the business world pertaining to various MBA programs. By taking this approach, this year’s ranking more accurately reflects the overall value of the MBA education.

We are proud to be awarded the ‘Top-10 Most Influential Sino-Foreign Joint MBA Award in China ,'” commented Toby Chu, President and CEO of CIBT. “As foreign direct investments continue to grow with the flourishing Chinese economy, demands for executive education will continue to increase. CIBT and its partners, City University and Beijing University of Technology will expand our education infrastructure to develop the future generation of senior management in China .”

 

Rank Foreign Institutions Chinese Institution

1

Washington University Fudan University

2

École Nationale Des Ponts Et Chaussées School of International Management Tongji University

3

University of Minnesota Zhongshan University

4

Fordham University Beijing University

5

Maastricht School of Management Nanjing University

6

University of Maryland / L’Université Paris I Panthéon-Sorbonne University of International Business and Economics

7

University of British Columbia Shanghai Jiaotong University

8

University at Buffalo , State University of New York Renming University of China

9

Hong Kong Chinese University Tsinghua University

10

City University Beijing University of Technology / CIBT School of Business

About CIBT

Founded in 1994, CIBT School of Business and Technology is a leading business school in Beijing , China . CIBT owns and operates two campuses in Beijing , a campus in Weifang, and three learning centers in northern China . CIBT has academic partnerships with Beijing University of Technology and Weifang University , and delivers postsecondary business and technology education to students and corporations in China . Through cooperation with leading education providers including, City University of Bellevue, Washington, Western International University of Phoenix, Arizona, a subsidiary of Apollo Group, Inc., and ITT Educational Services, Inc of Carmel, Indiana., CIBT has established an extensive education platform that encompasses business management and advanced technology programs with plans to expand its curricula to the automotive, health-care, and hospitality sectors.

About City University

City University is the largest private, not-for-profit institution of higher education in the Northwest with over 12,000 students and 39,000 alumni worldwide. Three schools comprise the University: The School of Business Management, The Gordon Albright School of Education, and The School for Human Services and Applied Behavioral Sciences. City University classes are offered at locations throughout Washington and in Hawaii , British Columbia and Alberta , Canada , Europe and China .

On Behalf of the Board of Directors of CIBT.

Toby Chu
President and C.E.O

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION.

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