Capital Alliance (CPT)

[Ed Monton]

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.