SE Global Expanse to Canadian Market
Date: July 14, 2003
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, announces that it has signed a Letter of Intent with a Canadian-based firm, SE Global Securities Corp ("SEG Canada"), to expand its trading, financial and consulting services to institutional and retail clients in Canada.
SEG Canada is a newly incorporated company in British Columbia, Canada and is independently owned by a group of investors with projected share capital of CDN$1 million. This Letter of Intent outlines the basic terms of a licensing arrangement that provides SEG Canada exclusive rights to use the SE Global's trademark and its financial products and services in throughout Canada. This Letter of Intent is valid for a period of six months and is subject to SEG Canada being granted a securities license with the provincial regulatory bodies in Canada.
"Our expansion into Canada is a natural evolution of our business growth," stated Toby Chu, president and CEO of SE Global Equities Corp "We believe our US operating experience and rapidly growing trading volume will provide significant benefits to our Canadian partners in terms of volume discounts and infrastructure support. With the finalization of the licensing agreement, Canadian investors will be provided with low cost and sophisticated tools to trade on major US stock exchanges."
About SE Global Equities Corp
SE Global Equities Corp. ("SEG") offers a software platform that provides electronic low cost trade execution of US securities through a licensed US securities broker-dealer to investors throughout most of the world. GAI provides a wide range of brokerage services.
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 trade execution 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 Boards of Directors of Capital Alliance Group Inc.
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
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