DIAMOND BAR, Calif., April 4, 2005 (PRIMEZONE) -- SE Global Equities Corp. (OTCBB:SEGB) (the "Company") reports that all business agreements between SE Global Equities Corp., Capital Alliance Group Inc. (the parent company of SE Global), Sun Media Investment Holdings Limited ("Sun Media") and related companies have been agreed upon and executed by all parties except for the formal Share Purchase Agreement.
The Company held a special meeting of its stockholders on March 31, 2005 and 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 favor 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 through out 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
SE GLOBAL EQUITIES CORP. "Toby Chu" Toby Chu Chairman & C.E.O.
This press release includes statements that may constitute "forward-looking" statements, usually containing the word "believe," "estimate," "project," "expect" "plan" "anticipate" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's product and services in the marketplace, competitive factors, changes in regulatory environments, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company disclaims any obligation to update these statements for revisions or changes after the date of this release.