For those that follow CPT, another baby step forward. Put all the baby steps together, and it looks like the master plan is starting to come together....
SE GLOBAL EQUITIES CORP ("SEGB-L") CAPITAL ALLIANCE GROUP INC ("CPT-V;CPTPF-0") - SE Global Equities Corp. Formalizes Agreement to Acquire Global - American Investments, Inc.
SE Global Equities Corp., a subsidiary of Capital Alliance Group Inc. and a provider of direct access trading software and financial resources for international investors, announced that it has signed a formal stock purchase agreement to acquire all of the outstanding capital stock of Global American Investments, Inc. (GAI), a registered broker-dealer based in California. The acquisition is subject to certain conditions precedent to closing, including regulatory approval from the NASD. Clearing services for GAI accounts are provided by Computer Clearing Services.
SE Global currently offers investors direct access trading on an international scale, through its alliance broker network and international representatives. The acquisition of GAI is anticipated to significantly expand the range of trade execution, support services and clearing options available to users of SE Global Trade.
"The acquisition of Global American Investments will be a major milestone in the growth of SE Global," said Toby Chu, SE Global president and chief executive officer. "Our strategy is to offer both retail and institutional clients around the globe a variety of solutions to help meet their trading needs."
About SE Global Equities Corp.
SE Global Equities Corp. is a provider of technology and financial resources for international investors. SE Global provides direct access trading software and market data through a formal licensing and worldwide distribution agreement with Direct Access Financial Corporation.
SE Global is not a securities dealer in its own right and has not sought such registration. All trade execution and support services are provided by the individual alliance broker in compliance with local regulatory requirements. Not all securities, products or services described are available in all countries, and nothing herein is an offer or solicitation of securities products and services in any jurisdiction where their offer or sale is not qualified or exempt from registration.
For more information visit our websites at www.SEGlobalTrade.com and www.SEGlobal.com. TEL: 1-888-865-0901 x 312 Mr. Quentin Mai, N.America
SE Global Email: investor@SEGlobal.com
______________________________________
___________________________________________________________________
(c) Market News Publishing Inc. Tel:(604) 689-1101
All rights reserved.
Fax:(604) 689-1106
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-30 |
