Future Technologies, Inc. Changes Name to SE Global Equities Corp.; New
Stock Trading Symbol SEGB OTCBB: FTUT
Future Technologies, Inc. Changes Name to SE Global Equities Corp.; New
Stock Trading Symbol SEGB
OTCBB: FTUT
HOPKINS, MN, Apr 20, 2001 /PRNewswire via COMTEX/ -- Future Technologies, Inc.
reports that it will change its name to SE Global Equities Corp. effective April
23, 2001. The Company's new NASD:OTCBB trading symbol will be SEGB (Cusip
Number: 78411U), beginning at market opening on Monday April 23, 2001. The
change of name was approved by shareholders at the special meeting of
shareholders held on April 11, 2001.
The Company also announces that it has granted a total of 1,275,000 stock
options pursuant to its stock option plan. The options, which do not qualify as
incentive stock options under the Internal Revenue Code of 1986, were issued
pursuant to a non-registered offering to offshore officers, directors and
employees of the Company and its wholly-owned subsidiary, SE Global Equities
Inc. One-third of the options so granted vest every six months, and all of the
options will be fully veståd at the end of 18 months. Each vested option is
exercisable for a period of 5 years following the date of issue, at an exercise
price of $2.00 per share. The options are non-transferable, and any shares
issued upon exercise of the options may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements.
On Behalf of the Board of Directors
of FUTURE TECHNOLOGIES, INC.
"Toby Chu"
----------
Toby Chu
President & C.E.O.
SOURCE Future Technologies, Inc.
CONTACT: Investor Relations Contact: Mr. Quentin Mai(x), N. America Toll
Free: 1-888-865-0901, Ext.312(x), Email: investor@SEGlobal.com
(FTUT SEGB) |
