CIBT School of Business & Technology Corp. (CIBT), a subsidiary of Capital Alliance Group Inc. and a business school in China, has entered into a Memorandum of Understanding with Weifang University (WFU) to jointly deliver bachelor degree programs with CIBT and its U.S. academic partners.

Programs will be held at the WFU campus in Weifang city, Shandong Province. These bachelor degree programs will be similar to the localized programs delivered by CIBT at its Beijing campuses. A formal agreement is being prepared and is subject to the approval of its respective parties. WFU is one of the largest universities in Weifang city, with a modern campus that occupies an area of over 300 acres and employs 830 full-time instructors. Governed by China's Ministry of Education, WFU has approximately 28,000 full and part-time students enrolled in 32 degree programs across 16 faculties that include Electric & Electronic Engineering, Information Technology & Control Engineering and Computer Science.