CIBT Expands into Central China
Capital Alliance Group Inc. (TSX.V: CPT) reports that its subsidiary, CIBT School of Business & Technology Corp., has signed an alliance agreement with Hangzhou Jiangnan College in Hangzhou City, Zhejiang Province.
The agreement will enable the establishment of an alliance campus and the delivery of various CIBT courses at Hangzhou Jiangnan College including its overseas studies 2+2 and 1+1 programs.
“This marks the 12th teaching location outlined in CIBT’s aggressive expansion plan,” commented Toby Chu, President and CEO of Capital Alliance Group and CIBT. “We currently have 17 new locations under negotiation and we are on track for our “3 Year 50 Locations” plan to be completed by year 2010.”
About Hangzhou Jiangnan College:
Established in 1999, Hangzhou Jiangnan College is situated on two campuses covering 25 acres of campus land with over 1.61 million square feet of infrastructure. The college offers over 30 specializations including Advertising, Design, Arts Education, Media, Languages, Finance, International Trade, Marketing, Management, and Computer Applications and Science.
About Hangzhou City, Zhejiang Province:
Hangzhou City is the provincial capital of Zhejiang province. Located 180 km southwest of Shanghai, the city has a population of over 6.4 million in its metropolitan area. Famous for its natural scenery, Hangzhou economy is supported by its tourism industry as well as its traditional industries such as textiles and silk production. Light industry such as machinery and electronics production is developing and contributing to the economy. With a per capita GDP ranked fifth in China, Forbes magazine ranked Hangzhou as the number one city in China for business in 2004, 2005, and 2006.
CIBT School of Business is a leading business, technology and technical school in China for over a decade. CIBT operates four campuses in Beijing, two campuses in Weifang, one campus in Anyang, and three learning centers in other cities in China. CIBT has academic partnerships with Beijing University of Technology and Weifang University, and delivers postsecondary business, technology and technical trade skill programs to students and corporations in China. By cooperating with leading education providers in North America including Western International University, a subsidiary of Apollo Group Inc., WyoTech Technical Institute, a subsidiary of Corinthian Colleges Inc., and other universities from Europe and Asia, CIBT delivers advanced curricula to meet the progressive needs of China’s growing student population.
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