Capital Alliance (CPT)

[Ed Monton]

Capital Alliance's SE Global expands to San Jose

2004-07-22 15:14 ET - News Release

CPT


Mr. Toby Chu reports

SE GLOBAL EXPANDS TO SAN JOSE

Capital Alliance Group Inc.'s subsidiary, SE Global Equities Corp., has established SE Global Capital Inc. (San Jose) through its joint venture acquisition of CPY Holdings LLC of Freemont, Calif. SEG will issue 130,000 restricted shares in exchange for the transfer of all of CPY Holding's clients, revenue streams and selected assets into a new company. The new entity is 60 per cent owned by SE Global Equities Corp. and the remaining shares are owned by existing CPY shareholders. It will focus its core business on targeting Asian high-net-worth clients residing in the San Francisco and Bay areas.

"We are pleased to expand our corporate presence in this strategic area of California and are very excited about the future growth and profitability of SE Global Capital Inc. (San Jose)," stated Toby Chu, SE Global chairman and chief executive officer. "We will continue to identify further acquisition opportunities to expand and grow our business in niche markets in the United States and overseas."

WARNING: The company relies upon litigation protection for "forward-looking" statements.