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."
T
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