Capital Alliance Group Inc CPT
Shares issued 6,158,674 2001-02-20 close $0.74
Wednesday Feb 21 2001 News Release
Mr. Toby Chu reports
The share exchange between the shareholders of the company's subsidiary, SE Global Equities Inc., and Future Technologies Inc. (NASD OTC-BB: FTUT), has closed. With the completion of this share exchange FTUT has 14,370,957 shares issued and outstanding, of which Capital Alliance owns 12,073,578 shares or 84 per cent. In consideration for the shares issued, FTUT has acquired SE Global Equities Inc. and all of its assets, which include cash and other assets totalling approximately $4.5-million. FTUT will be renamed SE Global Equities Corp. and will be issued a new trading symbol following receipt of regulatory approval of the name change.
SE Global is a provider of technology and financial resources for international investors which, when the participation of SE Global's current partners is fully implemented, will enable investors to trade equities on-line on stock exchanges around the globe through SE Global's alliance network of 23 brokerage firms, covering 22 stock exchanges spanning five continents. SE Global is currently in negotiations to acquire product and distribution rights, which will allow it to offer the global investment community direct trading access to major U.S. stock markets.
WARNING: The company relies upon litigation protection for "forward-looking" statements. |
