Capital Alliance Group Inc CPT
Shares issued 6,158,674 2001-02-22 close $0.74
Thursday Feb 22 2001 News Release
Mr. Toby Chu reports
Casa de Bolsa Banorte, a prominent brokerage firm in Mexico, has joined SE Global's growing alliance broker network. SE Global Equities Inc. (OTC Bulletin Board: FTUT) is a subsidiary of Capital Alliance Group. With this announcement, SE Global has now broadened its reach into 23 stock exchanges in 21 countries spanning five continents. This newest alliance partner also expands SE Global's penetration in Latin America to four countries, including Argentina, Costa Rica, Uruguay and Mexico.
In operation since 1993, Casa de Bolsa Banorte is the brokerage arm of Grupo Financiero Banorte (GFB), which has 425 nationwide branch offices in Mexico as well as offices in New York and the Grand Cayman Islands. With $12.1-billion (U.S.) in total assets and $6.4-billion (U.S.) in assets under management, GFB is one of Mexico's leading financial firms. Casa de Bolsa Banorte presently has 10 branch offices across Mexico and an office in New York.
"The addition of Banorte gives us access to Latin America's most prosperous economy," said Michael Teryazos, SE Global senior vice-president of business development. "Additionally, Mexico represents a strategic global market well suited to our plans to provide global investors with professional trading tools for direct access to U.S. markets. We are extremely encouraged by the considerable interest of our alliance partners in marketing this new service to their existing clients." |
