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Capital Alliance's SE Global to buy California company
2004-07-20 16:43 ET - News Release
CPT
Mr. Toby Chu reports
SE GLOBAL ACQUIRES CALIFORNIA BASED BROKER-DEALER
Capital Alliance Group's subsidiary SE Global Equities Corp. has entered into a formal agreement to acquire Fidelity Asset Management Inc. of Huntington Beach, Calif. (no relation to Fidelity Investment Group of Boston, Mass.) subject to NASD approval.
Fidelity Asset Management Inc. is a NASD registered full service broker-dealer in good standing, located in Huntington Beach, Calif. This new acquisition and proposed ownership change will serve as an additional platform for SE Global's group of companies to expand its electronic brokerage business and increase the number of clearing relationships in the United States while broadening its product offerings and geographical presence. After the transaction is finalized, the name of Fidelity Asset Management Inc. will be renamed at a future date.
"This latest acquisition allows us to expand SEG's list of services and allows our other subsidiary, Global American Investment Inc. to remain focused on its core trading business. We will continue to seek out further acquisitions as we continue to expand our presence to the global market place," commented SE Global president, Hong-Lip Yow.
WARNING: The company relies upon litigation protection for "forward-looking" statements.
CIBT FEATURED ON CHINA'S NATIONAL TELEVISION
Capital Alliance appoints new development VP, director
2004-05-13 15:56 ET - News Release
Mr. Toby Chu reports
CIBT FEATURED ON CHINA'S NATIONAL TELEVISION
CIBT School of Business & Technology, a subsidiary of Capital Alliance Group and a leading business school in China, was recently featured in China Today, a 30-minute documentary magazine program broadcast on the English-language channel of China Central Television (CCTV), China's largest national television network. The format of China Today is similar to the widely popular CBS news magazine, 60 Minutes. CCTV is a state-owned, non-profit network that reaches more than 1.1 billion people across the country through 13 channels. Its English-language channel is broadcast via satellite all around the world.
To highlight the advantages of private education over traditional public education, China Today interviewed Shuai Yang, general manager of CIBT, who explained how private education adds value to China's education sector. A video clip of the China Today program can be viewed at http://www.cag-global.com/newflash/chinatv.html.
Capital Alliance Group would also like to announce two new appointments:
James Neil replaced Quentin Mai on May 3, 2004, as the vice-president of business development and corporate relations. Mr. Neil holds a bachelor of arts degree from the University of Victoria and has been a financial consultant for the past eight years. His areas of expertise include corporate finance, corporate communications, venture capital and mergers, and acquisitions. In addition, he has sophisticated knowledge of the capital markets and has been a successful equities and options trader for more than 10 years.
Alfred Ng has been appointed to join the company's board of directors and audit committee. Mr. Ng is the president and founder of ANG International Group, a company that markets and manufactures heat-distributing systems and air conditioning products from North America and Europe. Mr. Ng has extensive experience doing business in North America, Asia and particularly China, establishing business presence in over 30 Chinese cities, Canada and the United States in the last 30 years.
WARNING: The company relies upon litigation protection for "forward-looking" statements
Capital Alliance raises $952,000 in financing
2004-05-03 16:05 ET - News Release
Mr. Toby Chu reports
CAPITAL ALLIANCE GROUP COMPLETES $952,000 PRIVATE PLACEMENT
Capital Alliance Group has closed the first tranche of the financing conducted through Kingsdale Capital Markets, one of the two brokered private placements announced in the company's news release in Stockwatch of Feb. 13, 2004, and the closing of a concurrent non-brokered private placement. Gross proceeds totalling $952,000 were raised by the issuance of 1,586,666 units, with each unit consisting of one common share and one-half of one share purchase warrant. In respect of the brokered private placement, Kingsdale was paid a cash commission of $63,910 and a corporate finance fee of $36,500 (inclusive of GST). The company also issued to Kingsdale 163,400 agent's warrants entitling Kingsdale to purchase the same number of common shares of the company.
All of the securities issued in connection with the brokered and non-brokered private placements are subject to a hold period expiring on Aug. 31, 2004
Capital Alliance's CIBT to acquire Beijing IELTS School
2004-04-28 16:42 ET - News Release
Mr. Toby Chu reports
CIBT TO EXPAND EDUCATION BUSINESS IN CHINA
CIBT School of Business & Technology Corp. (CIBT), a subsidiary of Capital Alliance Group, has signed a letter of intent (LOI) to acquire Beijing IELTS School (BIS). In 2003, BIS reported 10,500 students enrolled at its 14 campuses located throughout China. The final terms of the agreement will be disclosed upon completion of the transaction, which is subject to due diligence review and TSX Venture Exchange acceptance.
China's entry into the World Trade Organization and award of the 2008 Summer Olympics to Beijing has contributed to the rapidly increasing demand for internationally standardized English language training. It is estimated that 100 million people are demanding English training in China, which would translate to over 10 billion renminbi ($1.2-billion (U.S.)) in tuition revenues. According to the Beijing Municipal Education Commission, on average 300,000 people enroll in English language classes annually in Beijing, totalling approximately $240-million (U.S.) to $360-million (U.S.) in tuition revenues annually. "There are excellent synergies from this acquisition as we anticipate utilizing BIS's infrastructure in 12 Chinese cities to offer academic degree programs jointly delivered with ITT Educational Services Inc., Western International University and Becker Conviser," stated Toby Chu, president and chief executive officer of CIBT. "Graduates of BIS language programs will be able to pursue higher education by enrolling into CIBT's degree programs. Furthermore, students who wish to enroll in CIBT academic degree programs and require additional English language training can find support through BIS programs."
About Beijing IELTS School (BIS)
Headquartered in Beijing, China, BIS is a licensee of the International English Language Testing System (IELTS) and offers a variety of English language training, instruction and assessment to students seeking international education and professional recognition. IELTS is a globally recognized direct English language assessment of the highest quality and integrity readily available throughout the world. IELTS is owned, developed and delivered through the partnership of the British Council, IDP Education Australia: IELTS Australia and the University of Cambridge ESOL examinations. For more information about BIS, please see www.ielts-school.com. For more information about IELTS, please see www.ielts.org.
DIAMOND BAR, CA. APRIL 20, 2004 – Capital Alliance Group Inc.’s (TSX.V: CPT) subsidiary SE Global Equities Corp. (OTCBB:SEGB) (“SE Global”), a provider of technology and financial resources for international investors, announced it has signed a letter of intent to acquire the business of CPY California LP (“CPY”), a company with multi-million dollar assets under management based in Fremont, CA. The acquisition is expected to be finalized in approximately 30 days and will be structured as a new entity that will be a subsidiary of SE Global.
This marks another step for SE Global as it continues its expansion and strengthens its leadership in the U.S. through an aggressive mergers and acquisition (M&A) program. The newly formed entity will provide SE Global with a significant presence in the San Francisco Bay area, a key U.S. financial center. SE Global expects the acquisition of CPY to show a profitable net contribution.
“Since late 2002, CPY has retained new management and demonstrated steady growth and profitability in a challenging market during 2003,” stated Toby Chu, SE Global Chairman and CEO. “CPY’s focus on high net-worth international accounts and its presence in a key financial market make this an attractive business opportunity that should have a positive impact on SE Global.”
Successful completion of the acquisition will strengthen SE Global’s market position and provide better leverage for the company as it continues to seek out similar expansion opportunities. Focusing on emerging companies with special market niches, both in the United States and abroad, SE Global expects to continue to seek opportunities that will have a positive contribution to both combined management experience and the company’s net worth.
SE Global’s expects to retain all of CPY’s employees that include full commission brokers, and both administrative and operational employees. The management structure of the newly formed entity will be disclosed with further details of the transaction at completion of the acquisition.
About SE Global Equities Corp
SE Global Equities Corp. offers a software platform that provides electronic low cost order routing of US securities through a licensed US securities broker-dealer to investors throughout most of the world.
SE Global is not a securities dealer in its own right and has not sought such registration. All order routing and support services are provided by the individual alliance broker in compliance with local regulatory requirements. Global-American Investments, Inc., a subsidiary of SE Global Equities Corp., is a U.S. licensed securities broker-dealer. Not all securities, products or services described are available in all countries, and nothing herein is an offer or solicitation of securities products and services in any jurisdiction where their offer or sale is not qualified or exempt from registration.
For more information visit the company’s website www.SEGlobal.com.
On Behalf of the Board of Directors of Capital Alliance Group Inc.
“Toby Chu”
TOBY CHU
President & C.E.O.
Investor Relations Contact: Mr. Quentin Mai * N. America Toll Free: 1-888-865-0901 Ext.312 * Email: investor@cag-global.com
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.
Capital Alliance Group Completes $1.5M Private Placement
4/16/04
VANCOUVER, Apr 16, 2004 (Canada NewsWire via COMTEX) --
Capital Alliance Group Inc. (TSX.V:CPT) announces that it has completed a private placement through Union Securities Ltd. raising gross proceeds of $1.5 million, one of the two brokered private placements announced on February 13 and 19, 2004. The proceeds of tdw
he offering will be used to expand business activities of CIBT School of Business in China and for general working capital purposes. The securities issued in this private placement will be subject to a four-month hold period expiring on August 16, 2004.
The company also reports that it is in the final stages of completing the remaining portion of private placement financing sponsored by Kingsdale Capital Markets Inc. as announced on February 13, 2004.
About Capital Alliance Group Inc.
Capital Alliance Group (TSX.V:CPT) invests and manages companies with significant growth potential in emerging markets. CPT owns three subsidiaries: CIBT School of Business &Technology Corp is a leading business school providing academic and technology degree programs in China. SE Global Equities Corp. provides a software platform allowing instantaneous order routing of US securities with special focus on international investors from across the globe. Irix Design provides marketing support for CPT the group and has clients in North America and Asia.
On Behalf of the Board of Directors of CAPITAL ALLIANCE GROUP INC.
'Toby Chu' ----------------- Toby Chu President &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.
VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=57255
For further information: Investor Relations Contact: Mr. Quentin Mai, N. America Toll Free: 1-888-865-0901 Ext.312, Email: investor(at)cag-global.com
News release via Canada NewsWire, Vancouver 604-669-7764 -MC-
Copyright (C) 2004 CNW, All rights reserved
© 2004 StockHouse.ca / Disclaimer
Thanks for the link to the board
I'm hearing next Wed and perhaps Thursday at the lastest for the closing of the PP.
Hopefully some analyst coverage after that.
cheers
Pritz have you checked out my China Resources board? #board-2208 I posted a good article there today #msg-2702858.
CIBT Provides Update on Latest Developments in China
3/24/04
CIBT School of Business & Technology Corp. ('CIBT'), a subsidiary of Capital Alliance Group Inc. and a leading business school in China, provides update on its latest developments in China. On February 25th, 2004 CIBT held a press conference in Beijing to announce the government accreditation of its bachelor degree prodw
grams jointly offered with Beijing University of Technology, ITT Education Services, Inc. and Western International University ('WIU'). This announcement marked the first bachelor degrees offered by foreign institutions, to receive formal recognition from the Chinese government. Over 90 Chinese news reporters and media personnel attended the event. Links to news articles covering the press conference are available at www.cag-global.com/inthenews/beijingpress.html and www.cibtcorp.com/newflash/beijingpress.html.
Prior to the press conference, on February 24th, 2004, CIBT and WIU were invited by a Chinese education regulatory body to give a presentation on the history and development of the private for-profit education sector in the United States. Michael Seiden, President of WIU, delivered the presentation to an audience that included approximately 100 representatives from various government authorities such as the Ministry of Education, the China Education Association for International Exchange, municipal education commissions and state-owned universities.
'We are proud to be invited by one of China's education regulatory bodies to present the concept of private business schools,'expressed Toby Chu, President and CEO of CIBT. 'This invitation reinforces our relationship with the regulatory bodies in China and also endorses CIBT's credibility as a leading business school in Beijing.'
On March 1st, 2004, Toby Chu, President and CEO of CIBT, was interviewed live on television by CNBC Asia, a leading business and financial television network in Asia. The video clip of the interview is available at www.cag-global.com/newflash/cnbc.html and www.cibtcorp.com/newflash/cnbc.html.
About CIBT
Founded in 1994, CIBT School of Business is a recognized business school in Beijing, China. CIBT operates two campuses in Beijing and three learning centres in other cities in China. CIBT has an academic partnership with Beijing University of Technology and delivers postsecondary business and technology education to students and corporations in China. By cooperating with leading education providers in North America, Europe and Asia, CIBT continually develops advanced curricula to meet the needs of China's growing economy.
On Behalf of the Boards of Directors
of Capital Alliance Group Inc.
and CIBT Canadian Institute of Business & Technology Corp.
Toby Chu, President & C.E.O.
CONTACT: TEL: 888-865-0901 Ext.312 Investor Relations, Quentin Mai
EMAIL: investor@cag-global.com
Subscription Proceeds
Just signed my Subscription agreement and sent it back to Union...
Net Proceeds
Amount raised 1,5000,000
Selling commissions and fees $125,000
Estimated offering costs (legal, accounting) $20,000
Net Proceeds $1,355,000
Use of Net Proceeds
To CIBT for campus expansion $600,000
For general working capital purposes $755,000
Thanks,
I'm also a participant in the PP with Union, getting in for 20,000 shares. I'll let you know any new developments of when we can expect financing to close and finally get this puppy north of a $1.00 again.
cheers
Good info pritz. CPT perking up...
Monday, March 1, 2004, CNBC Asia Interviewed Mr. Toby Chu, President & CEO of CIBT School of Business.
Over 26 million households around Asia view CNBC Asia.
The interview is just under five minutes and can be viewed from our corporate websites:
http://www.cibtcorp.com/front.html
http://www.cag-global.com/newflash/cnbc.html
CIBT/WIU Beijing News Conference
http://www.chinadaily.com.cn/english/doc/2004-02/26/content_309334.htm
Joint education plan
A Sino-US undergraduate programme was launched yesterday by Beijing University of Technology (BUT) and Western International University (WIU) of the United States.
The first of its kind in Beijing, the programme, jointly initiated by CIBT School of Business attached to BUT and WIU, targets adults who have work experience and wish to continue studying at higher learning institutions.
Michael Seiden, president of WIU, said that WIU will introduce its structured curriculum to the programme and will identify the outcome of the project.
Students who successfully complete the two-year programme earn bachelor's degrees from WIU.
The China Education Association for International Exchange, China Adult Education Association and China National Institute for Educational Research are involved in the programme.
(China Daily 02/26/2004 page2)
Toby Chu to Appear on CNBC
Toby Chu will be doing an interview with representatives of the Appollo Group (NASD:APOL) on CNBC! I believe it will be broadcast in North America and Asia.
CNBC Asia has 188M viewers in Asia + Europe. Their web site is: www.cnbcasia.com. The interviewer will be Bettina Chua of the Squawk Box. Information about the anchor at:
http://www.cnbcasia.com.sg/aboutcnbcasia/anchor/anchordetails.asp?id=23&country=Asia
Date and time of interview will likely be Monday March 1st 8am or so. Asia Squawk Box is a live broadcast.
More details to follow.
NEWS FLASH
NEWS FLASH
Largest U.S. Education Provider Gets Approval to Enter Chinese Market
A PRESS CONFERENCE WILL BE HELD IN BEIJING, CHINA
DATE: WEDNESDAY, FEBRUARY 25 2004
TIME: 10AM BEIJING TIME
PLACE: CONFERENCE HALL, BEIJING UNIVERSITY OF TECHNOLOGY
RSVP AT CIBT BEIJING Tel: (86-10) 8601-4479 or (86-10) 6739-3399
BACKGROUND
China’s National Bureau of Statistics has recently reported that over 320 million students are enrolled in 1.35 million schools across China, making it the largest education system in the world. Although China’s population of 1.3 billion is over 4 times that of the US there are only approximately 1600 universities in China serving 16M Chinese students as compared to 4,500 universities in United States serving 15.8M US students. University and college enrollment in China has doubled since 1998 from 8 million to approximately 16 million. With China’s total economic output expected to surpass US$1.2 trillion this year, along with the recent steep rise in foreign direct investment, demands for Western trained business and technology executives in China has never been greater.
WORLD CLASS PLAYER
Apollo Group, Inc. (NASD: APOL) (“The Group”), through its subsidiary and international expansion arm, Western International University (“WIU”), enters the China education market upon receiving official approval from the Beijing Municipal Education Commission (“BMEC”) to offer bachelor degree programs in co-operation with CIBT School of Business (“CIBT”), a leading business school in China.
The Group is the largest for profit education provider in the United States. Through its subsidiaries, it provides higher education in business and technology and designs its programs for working adults to prepare them for leadership positions in a dynamic, global marketplace. Under this partnership, WIU and CIBT introduce an innovative concept of undergraduate education to China by targeting China’s Associate Degree holders with at least two years of working experience and allowing them to transfer their Chinese diploma credits towards a U.S. degree. WIU’s bachelor programs will be delivered by CIBT at its Beijing campus so that students will be able to earn a U.S. bachelor degree without having to leave Chinese soil.
Under Chinese law, degrees offered in China by foreign institutions are only recognized in the country when officially approved by the education regulatory bodies. Attaining official accreditation for WIU and CIBT’s joint programs means that the degrees are recognized in both the U.S. and China. Incidentally, they are also the first bachelor degrees offered by foreign institutions, to receive recognition from the Chinese government. Hence, this announcement marks the start of a new era of modernization and globalization of academic standards in China.
ABOUT CIBT
Founded in 1994, CIBT School of Business, a subsidiary of Capital Alliance Group Inc., is a recognized business school in Beijing, China. CIBT operates three campuses in Beijing and three learning centres in two other provinces. CIBT has an academic partnership with Beijing University of Technology and delivers post-secondary business and technology education to students and corporations in China. By cooperating with leading education providers in North America, Europe and Asia, CIBT continually offers advanced curricula to meet the needs of China’s growing economy.
Capital Alliance increases financing to meet demand
Capital Alliance Group Inc CPT
Shares issued 23,934,082 Feb 18 close $0.70
Thu 19 Feb 2004 News Release
Mr. Toby Chu reports
PRIVATE PLACEMENT INCREASED DUE TO DEMAND
Further to its news release in Stockwatch of Feb. 13 disclosing two
brokered private placements, Capital Alliance Group has increased the
amount being placed by Union Securities Ltd. to $1.5-million due to demand.
The financing with Kingsdale Capital remains at up to $2-million.
Both financings are subject to the acceptance of the TSX Venture Exchange.
More future enrollees for CPT business school...
China Ventures launches Chinese kindergarten chain
2004-02-18 09:36 ET - News Release
Mr. Ronald Shon reports
CHINA VENTURES INC.: MAJOR NEW INITIATIVE-START OF NATIONAL KINDERGARTEN SCHOOL CHAIN
China Ventures has launched a national chain of schools to be called the New Happiness Kindergarten Schools, following a recent decision by the Chinese central government to encourage private capital investment into the kindergarten sector.
CVI's Chinese subsidiary, Today's Teachers Technology and Culture Ltd. (TTTC), already a leading provider of kindergarten education materials, has secured an agreement in principle to acquire a 70-per-cent interest for $200,000 in a kindergarten school currently owned by the Tianjian Kindergarten Teachers' College. This school will be converted to become the first New Happiness Kindergarten. This agreement is subject to board approval.
Currently, China has approximately 180,000 kindergarten schools for 27 million students. CVI's strategy in this new initiative is to acquire a majority equity interest in existing kindergarten schools, exclusive of land and buildings, and train the teachers to use TTTC's leading-edge, bilingual curriculum materials.
The company's goal is to have up to 3,000 top-level kindergarten schools nationwide in China, with a total enrolment in excess of 600,000 students, each of whom it is anticipated will spend from $50 to $500 annually for curriculum materials and $2,000 to $20,000 for tuition.
Ronald Shon, president, said: "We are extremely excited to participate in this growing area. The successful implementation is anticipated to provide an ongoing and increasing stream of cash flow for the company. Given the tremendous growth of the Chinese education market and our ability to provide market-sensitive products, we believe that this initiative will add significantly to shareholder value."
I would like to know what the buying frenzy this morning was all about? Haven't seen that much volume since you know when.
Thanks tackler, I look here and on marcos's Winter thread on SI for CPT. We'll see how the market reacts. The part about a senior listing is encouraging..
It would be nice to see this one fly. Toby bought a few more shares recently.
Capital Alliance to raise $3-million from placements
Capital Alliance Group Inc CPT
Shares issued 23,934,082 Feb 12 close $0.70
Fri 13 Feb 2004 News Release
Mr. Toby Chu reports
CAPITAL ALLIANCE GROUP TO RAISE $3 MILLION FROM TWO BROKERED FINANCINGS
Capital Alliance Group has arranged two brokered private placements, one
for $1-million with Union Securities and the other for $2-million with
Kingsdale Capital Markets. The finances will be raised by issuing 5 million
units at 60 cents per unit. Each unit will consist of one common share and
one-half of a share purchase warrant, each whole warrant exercisable for
one common share at 70 cents for twelve months from closing. The finances
will be used to expand business activities of CPT's China subsidiary, CIBT
School of Business, and for general working capital purposes.
"This financing will create strategic positions for new institutional
investors introduced to us by the agents and will allow us to establish a
business presence in a senior equity market such as Toronto," stated Toby
Chu, president and chief executive officer of Capital Alliance Group. "This
financing also complements the continuing private equity financing for the
company's subsidiary, CIBT School of Business, announced last July while
reducing the dilution of Capital Alliance's ownership in CIBT."
The agents will be paid commissions of up to 8 per cent of the gross
proceeds raised. Union Securities will be issued agent's warrants entitling
them to purchase, for one year following closing at a price of 70 cents
each, common shares of the company in an amount equal to 10 per cent of the
number of units placed by them. Kingsdale will be issued agent's warrants
entitling them to purchase, for one year following closing at a price of 70
cents each, common shares of the company in an amount equal to 12 per cent
of the number of units placed by them. Capital Alliance has also agreed to
pay the agents a total of $30,000 in corporate finance and other fees. All
of the securities issued will be subject to a four-month hold period.
Sure didn't help today :o( Only real sour spot in an otherwise most excellent day...
Capital Alliance's CIBT enrollment increases
Capital Alliance Group Inc CPT
Shares issued 21,654,161 Jan 19 close $0.76
Tue 20 Jan 2004 News Release
Mr. Toby Chu reports
CIBT OVERALL ENROLMENT INCREASE BY 63% IN 2003
CIBT School of Business & Technology Corp., a subsidiary of Capital
Alliance Group, and a leading business school in China, reported today a
total enrollment increase of 63 per cent in 2003 as compared with same
period last year.
Enrollment increases include significant growth in the English programs,
MBA and technology degree programs. CIBT's total student body is currently
at 1,064 students. This enrollment figure does not include new enrollments
from the recently announced MBA program for Civil Aviation and
Administration China (CAAC), sponsored by Boeing Corp. The first group of a
total of approximately 200 MBA candidates participating in the CAAC/Boeing
program started December, 2003.
"Expanding foreign direct investments are fuelling China's burgeoning
economy and creating high demands for Western-trained management and
workers," stated Toby Chu, CIBT's president and chief executive officer.
"As a premier business and technology school with nearly 10 years of
operating experience in China, we anticipate that our business management
programs, advanced technology and English language training programs will
continue to be CIBT's fastest-growing segments in coming years."
China Adopts Different SARS Approach
www.globeandmail.com/servlet/story/RTGAM.20040109.wsars0109/BNStory/International/
China adopts different SARS approach
Associated Press
Beijing — Last year, when what would become SARS first appeared, you couldn't pry information loose from China's secretive government. Now, as the virus edges back into the spotlight, the country's leadership has a different message: Operators are standing by.
A Health Ministry hotline that opened this week is one extraordinary indication of a usually unresponsive government's starkly different public approach as it marshals forces for Round 2 of the fight against severe acute respiratory syndrome.
This time, the government has worked hard to appear swift and decisive — and make frequent statements that sound open and informative.
The response reflects an evolution in the way China, long accustomed to burying bad news, is dealing with the press and the public — a change quite probably driven by the blistering overseas reaction to the way it handled things last time.
"During the first SARS outbreak last year, the lesson was quite grave. During that struggle, we improved our system and structures," Kong Quan, a spokesman for China's Foreign Ministry, said Thursday.
Few things are more important to the Chinese government than maintaining a good reputation abroad. Anything less threatens foreign investment, tourism dollars and the country's deep hunger for international respect.
For weeks last year, leaders simply denied the problem, accusing the international media of alarmism and suppressing reports in the state-controlled press. One official bristled at questions about what would be christened SARS, saying: "You can see that atypical pneumonia is not a very serious disease."
Only in late April, after one American newspaper called for a quarantine on China and rumours about the disease were reaching a crescendo, did China fire its health minister and promise a new openness and aggressiveness. But the damage was done.
The southern province of Guangdong was labelled the birthplace of severe acute respiratory syndrome last year. The disease killed 58 people in the province and spread worldwide, claiming 774 lives, including 44 in the Toronto area, before subsiding in July.
Some officials now acknowledge privately that the government's first response to SARS last year was wanting — an unusual admission for members of a leadership that rarely admits missteps. And those speaking publicly say it too, although less directly.
"The government's reaction to SARS this time is much better than the last time. It has made real progress in its crisis management," said Wu Aiming, a professor of public administration at People's University in Beijing.
In the latest anti-SARS effort, authorities in the Guangdong threatened fines of up to $15,000 Cdn for merchants who try to hide civet cats ahead of a Saturday deadline to slaughter thousands of the animals. Many believe civets are responsible for the virus' jump to humans, although that remains unproven.
The World Health Organization suggested further tests and requested more information about the outbreak's second suspected case, a 20-year-old waitress in Guangdong.
The government's new openness isn't limited to SARS, although it may have been the impetus. The new leadership under President Hu Jintao has promised at various junctures to conduct its business more openly and protect public safety more aggressively.
The government has been unusually swift in investigating a lethal gas explosion last month and assigning blame. New regulations unveiled this month promise monthly news conferences by national and local security bureaus "to promote transparency of police affairs."
And earlier this week, the State Council, China's cabinet, announced plans to increase the number of government spokesmen and "ease news flow."
"We hope to better address the needs of the domestic and foreign media," said Zhao Qizheng, the minister in charge of the State Council Information Office, quoted in the state-controlled newspaper China Daily. "The global demand for Chinese information has increased greatly."
The new attitude toward the press has not extended everywhere, however. Earlier this week, an editor in southern China whose newspaper broke the news of China's first new SARS case was detained and questioned by prosecutors, a human-rights centre reported.
Cheng Yizhong, editor-in-chief of the Southern Metropolitan Daily, was taken from his office Tuesday in the southern city of Guangzhou by three members of the municipal prosecutor's office, the Hong Kong-based Information Centre for Human Rights and Democracy said. It said he was released eight hours later.
For the most part, though, officials seem less defensive as the new battle against SARS begins.
"Last year, we were at our wit's end. We didn't understand or recognize this illness. We didn't have a lot of knowledge about it, especially when it first emerged," said Tang Xiaoping, president of Guangzhou's No. 8 People's Hospital, where suspected SARS cases are transferred.
"This year," he said, "we were prepared to fight this war."
Capital Alliance grants incentive options to directors
Capital Alliance Group Inc CPT
Shares issued 21,654,161 Jan 6 close $0.87
Wed 7 Jan 2004 News Release
Mr. Toby Chu reports
CAPITAL ALLIANCE REPORTS GRANT OF STOCK OPTIONS
Capital Alliance Group has disclosed that eligible recipients have been
granted incentive stock options to purchase up to 600,000 common shares,
subject to the approval of its board of directors. The options are
exercisable for five years at a price of 80 cents each.
SE Global Appoints New President
TSX.V: CPT News Release DATE: January 6th, 2003
SE Global Appoints New President
Capital Alliance Group Inc.’s (TSX.V: CPT) subsidiary SE Global Equities Corp. (OTCBB: SEGB), a provider of technology and financial resources for international investors, reports the appointment of Mr. Hong-Lip Yow as the company’s new President and Chief Operating Officer. Mr. Yow will manage day-to-day operations while focusing on the expansion of SE Global and its subsidiaries in the domestic and international markets. Mr. Toby Chu will continue to serve as Chief Executive Officer and become Chairman, focusing on corporate finance activities and overall strategic planning.
Mr. Yow has over seven years of experience in the direct access securities field with a proven track record in early stage high growth companies, distinguished leadership skills and extensive industry-wide contacts. Since joining SE Global as Senior Vice President in 2001, Mr. Yow has contributed greatly to the company’s rapid growth. Mr. Yow successfully developed and guided entry strategies for new markets both domestically and internationally, facilitated key corporate initiatives designed to reduce or consolidate expenses, and continues to introduce new firms and clients to the company’s order routing platform. Before joining SE Global, Mr. Yow served as a Director of Marketrade.com, a California-based direct access securities firm. During his two-year tenure at Marketrade.com, Mr. Yow was a significant contributor to the company’s dramatic growth in both international and domestic markets and played a critical role in reengineering systems as the company went through a successful procedure restructuring. Prior to this, Mr. Yow worked at Bluestone Securities, in both the trading and customer services divisions. Mr. Yow received his Bachelor of Economics degree from the University of California.
“Mr. Yow has continued to make significant contributions to the rapid expansion of SE Global and its subsidiaries since joining our management team in 2001. With the market recovery of cross border investments in North America and around the globe, Mr. Yow’s extensive experience, knowledge of operations and proven management track record will help take SE Global to the next level.” stated Toby Chu, CEO and Chairman of SE Global.
“Over the past couple of years while some competitors were retreating from foreign markets, SE Global employed a proactive strategy by investing considerable time and effort towards diversifying revenue sources and expanding into new markets,“ stated Mr. Yow, new President and COO of SE Global. “While maintaining tight control over costs and streamlining core operations, SE Global is strategically positioned to experience continued rapid growth in the coming years.”
About SE Global Equities Corp
SE Global Equities Corp. offers a software platform that provides electronic low cost order routing of US securities through a licensed US securities broker-dealer to investors throughout most of the world. Global American Investment Inc provides a wide range of brokerage services in United States.
SEG, through its wholly owned subsidiary SE Global Capital, also provides strategic consulting services to foreign companies. SE Global Capital specializes in assisting foreign companies expand business presence to North America.
SE Global is not a securities dealer in its own right and has not sought such registration. All order routing and support services are provided by the individual alliance broker in compliance with local regulatory requirements. Global-American Investments, Inc., a subsidiary of SE Global Equities Corp., is a U.S. licensed securities broker-dealer. Not all securities, products or services described are available in all countries, and nothing herein is an offer or solicitation of securities products and services in any jurisdiction where their offer or sale is not qualified or exempt from registration.
For more information visit the company’s website www.SEGlobal.com.
On Behalf of the Board of Directors of Capital Alliance Group Inc.
“Toby Chu”
TOBY CHU
President & C.E.O.
Investor Relations Contact: Mr. Quentin Mai * N. America Toll Free: 1-888-865-0901 Ext.312 * Email: investor@cag-global.com
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.
This press release includes statements that may constitute "forward-looking" statements, usually containing the word "believe," "estimate," "project," "expect" “plan” “anticipate” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's product and services in the marketplace, competitive factors, changes in regulatory environments, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company disclaims any obligation to update these statements for revisions or changes after the date of this release. All numbers provided are unaudited.
Season's Greetings From Toby Chu
http://www.irix-design.com/cag/xmas_2003/xmas-2003-web.htm
CAPITAL ALLIANCE GROUP INC.
CIBT CANADIAN INSTITUTE OF BUSINESS & TECHNOLOGY CORP.
International Head Office: Suite 1200, 777 West Broadway Vancouver, BC V5Z 4J7
Tel: 604.871.9909 Fax: 604.871.9919
Email: info@cag-global.com
Web: www.cag-global.com Web: www.cibt.edu www.cibtcorp.com
TSX.V Symbol: CPT Press Release DATE: Dec. 19, 2003
China Aviation Industry and Boeing Join Forces to Promote Higher Education
BEIJING, Dec. 19, 2003 – The Boeing Company [NYSE: BA] today announced that it is joining forces with Civil Aviation Administration of China (CAAC) and Chinese airlines in the sponsorship of more than 200 CAAC and airline personnel in pursuit of Masters of Business Administration (MBA) degrees.
Inductions of the first MBA candidates started in early 2003 and will continue for the next five years. The sponsorships will provide tuition and textbooks fees. City University, CIBT School of Business and Beijing University of Technology will cooperate to deliver this Boeing sponsored MBA program.
“Continuing education has always been a high priority at The Boeing Company,” said David Wang, president of Boeing China, at the opening ceremony of the MBA program. “We are honored that CAAC and the Chinese airlines have once again partnered with Boeing in their management education program.”
Candidates, who must be nominated and approved through the selection processes of their respective organizations, will engage in two-year curricula jointly offered by City University and CIBT while concurrently pursuing their careers. Instructors from the United States will teach business administration courses in English, emulating City University’s education system in Europe and the United States. Additionally, candidates will be able to specialize in selected fields such as finance, marketing, economics, and project management.
“Considering China’s status as the world’s fastest growing aviation market, Chinese aviation authorities and airline management will be faced with great opportunities and challenges,” said Rob Laird, vice president of China Sales – Boeing Commercial Airplanes. “Graduates of this management education program will be better prepared to create a world-class air travel system and aviation industry in China.”
Since 1993, Boeing has trained more than 23,000 Chinese aviation professionals and assisted China in improving its air traffic management (ATM) system and in training air traffic controllers. Additionally, Boeing recently hosted a number of management courses at the renowned Boeing Leadership Center in St. Louis, Missouri, for its Chinese partners.
Boeing is the world's largest aerospace company and the United States' leading exporter with revenues of $54.1 billion in 2002. Boeing has an extensive global reach with customers in 145 countries and worldwide employment of more than 157,000.
About City University
City University headquartered in Bellevue, Washington, is accredited by the Commission on Colleges & Universities of the Northwest Association of Schools and Colleges in the U.S. and approved by the Ministry of Education of the People’s Republic of China. The University’s progressive approach to education has fueled its growth from a small, private, nonprofit college with a single campus into one of the largest private institutions of higher learning on the West coast of the United States.
About CIBT
Founded in 1994, CIBT School of Business, a subsidiary of Capital Alliance Group Inc. (TSX-V: CPT), is a recognized business school in Beijing, China. CIBT operates three campuses in Beijing and three learning centers in two other provinces. CIBT has an academic partnership with Beijing University of Technology and delivers post-secondary business and technology education to students and corporations in China. By cooperating with leading education providers in North America, Europe and Asia, CIBT continually offers advanced curricula to meet the needs of China’s growing economy.
Boeing:
Ross Ma, Boeing China Inc., +86 (10) 6539 2299 ext. 1061, Email: ross.ma@boeing.com
City University:
Bill Fairchild, + 1 (425) 709-5275 Email: bfairchild@cityu.edu
CIBT:
Quentin Mai, +1 (888) 865-0901 Ext.312, Email: investor@cag-global.com
David An, CIBT School of Business & Technology, +86 (10) 6739-3399; Email: DavidA@cibt.edu
This looks like good news to me:
Capital Alliance's CIBT names Guo to advisory committee
Capital Alliance Group Inc CPT
Shares issued 21,654,161 Dec 15 close $0.75
Tue 16 Dec 2003 News Release
Mr. Toby Chu reports
CIBT APPOINTS EXTERNAL ADVISOR
CIBT School of Business & Technology, a subsidiary of Capital Alliance
Group and a leading business school in China, has disclosed that Guo Yiqing
will join CIBT's external advisory committee.
Ms. Guo was the education counsellor for the consulate general of China
before her retirement in 2000. Over the past 30 years, she has represented
China's ministry of education at Chinese embassies and consulates located
in New York, Washington, Australia and Canada. From 1983 to 1992, Ms. Guo
served as the division chief of American Oceania affairs, foreign affairs
bureau, and ministry of education of China. From 1979 to 1983, Ms. Guo
served as third secretary at the Chinese Embassy in Washington, also
vice-consul at China's consulate general in New York.
In addition to her exemplary service as a diplomat, Ms. Guo was a scholar
and teaching professor at Nankai University, China. As a professor and
leader in the exchange of high-quality international academia, Ms. Guo has
extensive experience and contacts in both the education and international
political circles.
"We are delighted to welcome a true visionary with impressive credentials
such as Madam Guo to become a member of CIBT's advisory committee," stated
Toby Chu, president and chief executive officer of CIBT. "We are assembling
a team of industry experts to advise and guide the company's future
expansion. Our external advisory committee, comprised of industry
professionals from North America and China, possess a wealth of knowledge
and experience that will greatly benefit the CIBT management team."
SE Global Equities Corp. recorded an increase of 269% in operating profit.
http://equitymovers.com/featured/SEGB/index.htm
Capital Alliance unit earns $297,602 (U.S.) in 9 months
or Toby Chu's trading practices lead to record equity trade levels for Capital Alliance Group subsidiary !?!
Capital Alliance Group Inc CPT
Shares issued 18,889,099 Dec 2 close $0.76
Wed 3 Dec 2003 News Release
Mr. Toby Chu reports SE GLOBAL PROVIDES CORPORATE UPDATE
Capital Alliance Group subsidiary SE Global Equities Corp.'s registered
broker-dealer unit, Global American Investments, Inc., continued to record
increases in total equity trades, assets under management and client
accounts. For the month of October, 2003, as compared with same period last
year, total number of equity trades increased to an all-time high of
56,364, representing an increase of 156 per cent. Total assets under
management increased by 75 per cent and number of client accounts increased
by approximately 23 per cent. As of third quarter 2003, SE Global Equities
Corp. recorded an increase of 269 per cent in operating profit and a
13-per-cent increase in gross revenue compared with same period last year.
Net income for this nine-month period was $297,602 or two cents per share
on total revenues of $1,938,000 (all figures U.S.). A detailed quarterly
report is available at www.freeedgar.com.
"We are pleased with the financial performance and corporate direction of
SE Global and its subsidiaries in North America and Asia," stated Toby Chu,
president and chief executive officer of SE Global Equities Corp. "We will
continue to expand our international client base in Asia and Europe with
the successful launch of our enhanced software platform with multiple
languages."
ROTFLMAO!!!! I bet he lost his car keys.
Interesting, thanks KC. There is one insider bought a few recently.
Hi Tackler,
I just did a quick skim of the last financials on Viking. Seems to me they are not great hedgers (for 2003 at least). On an encouraging note they are still only 10% hedged for 2004, a 'zero' change from the last quarter. So now the questions in my mind are:
Will they hedge better in 2004 ? Buy..
Will they not hedge much and and energy remains high ? Buy..
will they hedge poorly again ? Better choices exist..
At this point I remain the same ... I'll give them a shot under 5... Maybe just under ... maybe 4.75-4.90 .. a couple of months distribution difference..
EDIT ... sometimes the spidey sense (or the Juggernaut sense) says buy it anyway dummy... If I do I'll post it..
Yeah I've decided to just put a bunch of sells in @ 2.00 and forget about it. When they hit I'll decide what to do with the rest :o) I'm just thinking it's one of those stocks to wait on.
On Viking I'm thinking of putting in some bids under 5.00 maybe 4.75-4.90 range and see what I get.. I'm in no hurry on that front as I've already got lots of Acclaim and Baytex both I think are good value.. as well as a fair bit of Ultima. Added some Baytex on the PP.
Too much of this?
I've boughtin my shares, paid my brokers fees
I've watched it spike like a penny stock to a buck twenty five
And I still have these
Yes, it's been dissapointing
It's made me blue
To sort through the buys and sells of
Toby Chu
We're CPT shareholders my friends
And we'll keep on holding till the end
We are the shareholders
We are the shareholders
No time for trading
cause we are the shareholders
Till the end
that bc gold is good <g>
TOBY MARCHING NEWS? SEGB WOW
LETS SSEEE SOON
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEE tm
Marcos, have you been smoking some of BC's finest again? (g)
Let's hope this show has a happy ending.
Yup, just watching .... pass the peanuts, and if you pass the fridge could you bring me back a coolie .... during commercials we could sing songs -
When Toby comes marching out with news
Hurrah! Hurrah!
We'll turn our bidding power loose
Hurrah! Hurrah!
The men they'll cheer, the boys will shout
the ladies they will all turn out
rinkey dinkey parlay-voo
It's a long way, to Beijing business
It's a long way, to go
It's a long way, to Beijing business
to the sweetest bids we know ...
Goodbye, dear olde Howe Street
farewell Thirty Cents
It's a long way, to Beijing business
but our bucks are right there
Fight or flee? I dunno which self defence mechanism is better applied at this juncture. I think instead I'll just stand here like a deer caught in the headlights...
Mr/Ms Infinity may have offed enough shares around the loonie level in the following days to more than compensate for the investment in spiking it to 1.25 ... offers were real thin that day, it didn't add up to much in toto .... we'll never know, probably ... but what a penny-stock look that gives to the chart, eh, no class at all
Last at .72, yikes, i wish i'd traded more, had a hunch there a couple days after the spike .... to answer your question, i dunno, not really thinking about it, attention diverted by the gold juniors ... it's easy to imagine the .60s now though
There were expectations set up in re the two Big Deals with cibt and segb .... so now we're waiting for them to be fulfilled .... and waiting, and waiting, and waiting, etc ...... not that cpters are unpractised at waiting, mind you -g- ..... another thing that happened, was that the bloom came off the rose on quite a few China plays, whether because of King Dubya declaring trade war or not, who's to say, they were getting pretty overheated in any case ...... the sharemarket and the business of building companies just proceed at different paces, that's all
I haven't replaced traders yet, one reason is i'm extremely cash-poor [for non-market and hopefully temporary reasons] .... and today, there's likely half a dozen little juniors that would capture my eye first .... optimum time for entry on them is late-Nov to mid-Dec, imho .... but then with cpt coming off a junior-like spike, the same might apply, hmmm .... well anyway i dunno, but i certainly hope all this typing discourages you from asking such difficult questions -g- ..... cheers
Is this thing almost finished 'basing' yet? Yeeesh, I wonder how that guy who bought the stock up to infinity feels now? (g)
thanks for your comments Marcos...
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