CIBT Unveils Expansion Strategy across China
CIBT School of Business & Technology Corp, a subsidiary of Capital Alliance Group Inc. (TSX.V: CPT), reports on the company’s expansion strategy with the launching of its new CIBT Education Center initiative.
CIBT Education Center is a modified version of CIBT’s existing full size campuses in China. Each CIBT Center will be smaller in scale than a full size campus, but substantial in terms of the number of geographical locations. Each center will be constructed inside of a recognized state-owned university throughout 40 Chinese cities. Once the expansion model has been completed in China, CIBT will consider expanding its presence to other countries in South East Asia. The objective for this expansion is to create a wide area distribution network for CIBT programs, and also offer the company’s distribution network to other foreign education providers so that they can utilize CIBT’s network and infrastructure to launch their programs into China.
All CIBT Education Centers will be designed and constructed identically with a comfortable learning environment equivalent to a North American standard, and will be equipped with the latest in technology including a state-of-the-art video conferencing system by Polycom. Several CIBT locations have already installed this system and are experiencing good results. Using video conferencing system technology powered by light fiber-optic lines, each Center will facilitate live instructional sessions with or without the need for an actual instructor present in each classroom. Instructors situated in North America and Europe may deliver a portion of their courses connected with six to eight classrooms in real-time simultaneously across China.
Based on recent visits to over a dozen Chinese universities located through out China, the company has received tremendous interest to incorporate CIBT Centers into their campuses. By incorporating CIBT Centers into their campuses, Chinese partners will gain immediate access to foreign programs offered by CIBT and its overseas education partners, advanced technology, video conferencing delivery and foreign instructors delivering advanced western programs both on-line and in-person.
“We believe an advanced distribution network will dictate the quality and speed of our expansion,” commented Toby Chu, President and CEO of CIBT. “With a solid infrastructure and extensive distribution channels, we will be able to reach millions of students over time.”
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., ITT Technical Institute, 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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