CATG Capstone Technologies Group Inc (PK)

TAIYUAN, China, March 20, 2012 /PRNewswire-Asia-FirstCall/ -- China Bilingual Technology & Education Group Inc. (OTCBB: CBLY) ("China Bilingual" or the "Company"), an education company that owns and operates high-quality, K-12 private boarding schools in China,  today announced that it was recognized for academic achievement by senior officials from the Taiyuan City Bureau of Education.

The Deputy Director of the Taiyuan City Bureau of Education, Mr. Wang Shuhong and senior officers Ms. Qian Xuefeng and Mr. Huang Jianlin visited the Company's two campuses in Taiyuan City, the Shanxi Modern Bilingual North and South Campuses on February 14, 2012.  The officials inspected classrooms, including the Company's state-of-the-art audio-visual classrooms, libraries, dormitories, cafeterias, and other facilities. They listened to several classes and reviewed teachers' curriculums and the quality of the students' work. The Bureau of Education officials recognized and affirmed that the schools' students achieved high academic performance and provided constructive suggestions to both schools.

"We had a productive meeting with the Bureau of Education officials," stated Mr. Ren Zhiqing, Chairman and CEO of China Bilingual. "The officials observed our most prized assets at work - our teachers and our students. We demonstrated our commitment to continue to improve our educational quality and expand our enrollment through ongoing investment in our schools' curriculum, faculty and facilities."

About China Bilingual Technology & Education Group Inc.

China Bilingual Technology and Education Group Inc. is an education company that owns and operates high-quality, K-12 private boarding schools in China. Founded in 1998, the Company currently operates three schools encompassing the kindergarten, elementary, middle and high school levels with approximately 13,220 students and 1,876 faculty and staff.

The Company's schools are located in Shanxi and Sichuan Provinces and provide students with an innovative and high-quality education with a focus on fluency and cultural skills in both Chinese and English. The schools regularly rank among the top schools in their respective regions for college entrance rates and national college entrance exam scores. The Company's schools have earned excellent teaching reputations and are recognized for the success of their students and strong faculty.

As China experiences rapid industrialization and economic growth, the government is focused on education as a means to increase worker productivity and raise the standard of living. Parents in China's new middle and upper classes are sending their children to receive private school education to give them an advantage in China's increasingly competitive workforce. The Company's sector in education is not subject to corporate income tax, and the Company anticipates its growth will come from both organic growth through increased enrollment and expansion of its business model and teaching methods into new schools to be acquired by the Company.

Forward-Looking Statements

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. For additional information, readers should carefully review reports or documents the Company files periodically with the Securities and Exchange Commission.

SOURCE China Bilingual Technology & Education Group Inc.