SEGB Signes Agreements! NEWS SE Global Signs Agreements with Sun Media and Subsidiary
14:31 EDT Monday, April 04, 2005
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TSX.V: CPT
VANCOUVER, April 4 /CNW/ - Capital Alliance Group Inc. (TSX.V: CPT) (the "Company") is pleased to report that its subsidiary SE Global Equities Corp. (OTCBB: SEGB) has executed all business agreements with Sun Media Investment Holdings Limited ("Sun Media") and related companies except for the formal Share Purchase Agreement.
SE Global held a special meeting of its stockholders on March 31, 2005. All proposals presented at the meeting were approved by a majority of stockholders. A reconfirmation vote will be held at the time SE Global stockholders vote on the proposed transaction with Sun Media and its subsidiary, Asia Multi-Media Technology Services Holdings Limited. The transaction, previously announced on January 7, 2005, requires further stockholder approval following the filing of SE Global's Schedule 14A, including a pro-forma financial statement, with the U.S Securities and Exchange Commission providing full disclosure of the transaction. Capital Alliance Group Inc, being the 82% majority stockholder of SE Global, will be voting in favour of this transaction.
"We are encouraged and pleased to be working with SE Global and look forward to executing our company's strategy of becoming one of the pre-eminent leaders in the telecommunications and multimedia markets in Asia," commented Co-founder and Executive Chairman of Sun Media, Dr. Bruno Wu.
"Capital Alliance and SE Global are proud to be working with Sun Media and its related companies in China," commented Toby Chu, President and CEO of Capital Alliance Group Inc and Chairman of SE Global. "This strategic partnership allows us to leverage on each other's business network and infrastructure in China and North America. It will also enhance the expansion strategies for Capital Alliance's education initiatives in China and introduce SE Global's investment securities business to potential clients throughout Asia."
The final closing of this transaction will also be subject to receipt of all regulatory approvals which may be required.
About Sun Media and Asia Multi-Media Technology Services Holdings Ltd
Asia Multi-Media Technology Services Holdings Limited is a subsidiary of Sun Media Investment Holdings Ltd., which owns a 100% interest in an advanced fiber-optic network in the Peoples' Republic of China. Sun Media Investment Holdings Limited is an investment group focusing on growth opportunities in media markets in Asia, particularly Greater China. Sun Media works to add value by creating and sustaining branded content platforms, which it can leverage across many different forms of media. Today, Sun Media has activities in six strategic areas: television, news media, publishing, education, advertising and sports. In all, Sun Media has direct interests in 11 media companies, through which it holds shares in more than 30 media operations, controlling no less than 60 media brands in 9 countries and 15 cities. News relating to SE Global is available at www.sunbusinessnetwork.com.
About SE Global Equities Corp
SE Global Equities Corp. is a provider of technology and financial resources for international investors. SE Global provides online trading software and market data through an international network of business alliances with 30 brokerage firms in 25 countries. For more information visit the company's website at www.SEGlobal.com
About Capital Alliance Group Inc
Capital Alliance Group Inc. is an investment firm that combines extensive corporate finance and operational experience to build industry-leading companies. Capital Alliance searches the global market place for privately held, early stage growth companies and new business opportunities with untapped potential. Capital Alliance uses their combined financial and managerial resources and vast external networks to assist these new ventures through their growth phase, with the ultimate goal of producing successful, self-run companies, and possible public listing opportunities.
Since 1994, Capital Alliance has been forging successful global partnerships and demonstrating superior management guidance and growth performance. The company has assisted in the turn-around and financial restructuring of a Thailand listed public company, established a series of business schools in China, and founded and acquired several electronic investment and securities dealers in the United States. The Capital Alliance Group of Companies currently has operations in Canada, China, and the United States.
For more information visit the company's website at www.cag-global.com Capital Alliance Group Inc.
"Toby Chu"
Toby Chu
President & C.E.O.
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