SEGB: 350,000 Float--Positive Earnings
SE Global to Continue U.S. Expansion Through an Aggressive M&A Program
Tuesday , April 20, 2004 13:04 ET
SEGB (SE Global Equities Corp) - tearsheet profile
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company contacts
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ADDRESS:
777 West Broadway Avenue
Suite 1200
Vancouver, BC V5Z 4J7
Ph1: (604) 871-9909
Ph2:
Fax: (604) 871-9919
Web: www.SEGlobal.com
CONTACT:
Toby Chu , PR/CEO/DIR
info@SEGlobal.com INVESTOR RELATIONS:
This company handles its IR "IN-HOUSE"
IR CONTACT PERSON:
Quentin Mai
Ph: (888) 865-0901 ext. 312
Em: investor@SEGlobal.com TRANSFER AGENT:
Fidelity Transfer Co.
1800 S. West Temple
Suite 301
Salt Lake City, UT 84115
Ph1: (801) 484-7222
Ph2:
Fax: (801) 466-4122
Web:
significant elements
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State of Inc: MINNESOTA 1972
Fiscal Year End: December 31
Development Stage? Y # Locations: 6
# Employees: 14
# Shareholders: 224 Industry: Diversified Services
Sector (SIC): 7389
Internet Focus? No
technical analysis
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Averages:
20d avg dly share vol: 22,900
100d avg dly share vol: 23,221
20d avg dly dollar vol: $ 7,951
100d avg dly dollar vol: $ 9,233
20d avg spread: $ 0.037
20d avg % spread: 10.76% Moving Averages:
5d MA: $ 0.310
20d MA: $ 0.342
50d MA: $ 0.372
100d MA: $ 0.376
Volatility:
20d avg intraday % UP: 3.91%
20d avg intraday % DWN: 2.07%
20d avg intraday % TOT: 5.98% Support Levels:
5 day: $ 0.300
20 day MA: $ 0.300
50 day MA: $ 0.300
100 day MA: $ 0.300
Resistance Levels:
5 day: $ 0.320
20 day MA: $ 0.400
50 day MA: $ 0.510
100 day MA: $ 0.510
share data
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Authorized:
100,000,000
Source: 10QSB
Date: 05/15/2003 Issued and Outstanding:
17,583,740
Source: MGFS
Date: 03/25/2004 Public Float:
350,000
Source: Company Website
Date: 08/01/2001 Par Value:
$ .01
Source: 10QSB
Date: 05/15/2003
business summary
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CURRENT BUSINESS INFORMATION: SE Global Equities Corp., formerly Future Technologies, Inc., is a provider of technology and financial resources for international investors. Global-American Investments, Inc., a subsidiary of the Company, is a U.S. licensed securities broker-dealer. The Company provides direct access trading software and market data through a formal licensing and worldwide distribution agreement with Direct Access Financial Corporation.
The Company is a provider of financial and direct access trading information, services and online trading software. The Company has offices in Vancouver, Hong Kong and Diamond Bar, California.
The Company provides its members with access to its global alliance network of 27 brokerage firms, 24 hours a day, covering 26 stock exchanges and spanning five continents. Through its Website, members gain access to the Company's international network of distinguished alliance brokerage firms that execute all security trades for its members, allowing investors to trade online, 24 hours a day, at discounted rates in stock exchanges around the globe.
HISTORICAL BUSINESS INFORMATION: The Company was formed in Minnesota on June 20, 1972 under the name Land Corporation of America, Inc. The Company changed its name to Future Homes, Inc. on November 30, 1977, and then to Future Technologies, Inc. on February 8, 1999.
On February 21, 2001, the Company acquired of all the issued and outstanding shares of SE Global Equities, Inc. (SE Global (Private)), a Cayman Islands corporation, by a share exchange reorganization pursuant to which the Company issued 12,873,944 shares of its common stock to the stockholders of SE Global (Private). Immediately after the share exchange, the stockholders of SE Global (Private) controlled approximately 89.6% of the Company's issued and outstanding common stock; Capital Alliance Group, Inc., received 12,073,578 shares of the 12,873,944 shares issued pursuant to the reorganization, which represented 84% of the issued and outstanding shares of the Company's common stock immediately following the transaction. This represented a change of control of the Company. Accordingly, the reorganization was treated like a reverse merger.
April 20, 2001, the Company changed its name to SE Global Equities Corp.
By agreement dated May 25, 2001 and effective August 1, 2001, the Company acquired 100% of the issued and outstanding shares of Global-American Investments, Inc. (GAI), an Arizona corporation, which is a registered broker-dealer based in California, for consideration of $38,500. GAI is a member firm of the National Association of Securities Dealers and the Securities Investors Protection Corporation.
January 31, 2002 the Company entered into an agreement with Hani Securities (HK) Ltd., of Hong Kong to offer SE Global's direct-access trading platform, SE Global Trade(TM) to local investors. With this agreement, Hani Securities becomes the first Hong Kong brokerage firm to obtain regulatory approval to offer local retail investors a direct-access trading platform to trade U.S. equities. Hani Securities is a Hong Kong registered securities broker and dealer for stocks and shares. A member of the Stock Exchange of Hong Kong, Hani Securities is also a corporate participant of the Hong Kong Securities Clearing Company Limited where clients' shares are cleared and held for safe custody. Hani Securities serves both corporate and retail clients and is a corporate member of the Hong Kong Securities Institute. Additional information about Hani Securities is available at their website www.haninet.com.
February 5, 2002 the Company launched a redesigned corporate website at www.SEGlobal.com. The website serves as a gateway to the company's line of financial products and services. Several new features include: an expanded Global American Investments website, international news from around the world - in 19 languages and comprehensive investor relations information for shareholders and prospective investors.
February 7, 2002 the Company's California-based wholly owned subsidiary Global-American Investments, Inc. (GAI) established four additional branch offices in the United States. As a result of this expansion, GAI, a U.S. registered broker-dealer, will add over 400 active retail-trading accounts to its expanding client base. Over the next few weeks, the new branch offices will become active upon transferring existing clients to GAI and consolidating trade execution, administration, and back office support.
April 4, 2002 the Company filed S-8POS registering 2,500,000 shares of common stock for the 2001 Stock Option Plan.
May 7, 2002 the Company signed a letter of intent to acquire all client accounts and certain other assets of a privately-owned registered broker-dealer based in California. Under the terms of the agreement, certain senior management and staff of the broker- dealer will join the Company's existing infrastructure in California and Asia. According to the broker-dealer, it has approximately US$40 million (CAD$63 million) assets under management in about 4,000 accounts. For the fiscal year 2001, the broker-dealer reported transaction revenue of US$2.31 million (CAD$3.63 million). Established in 1997, the broker-dealer is registered in all 50 U.S. States as a General Securities Broker-Dealer and offers a wide range of securities and investment vehicles primarily to the Asian community in the U.S., Hong Kong and Taiwan.
October 7, 2002, SE Global Equities Corp., a subsidiary of Capital Alliance Group Inc, plans to establish a Shanghai-based subsidiary called SE Global Capital (China) Inc. The new subsidiary will introduce SE Global's business model to the Chinese market, develop new business and explore investment opportunities. To facilitate this expansion, SE Global Equities Corp. has signed a Memorandum of Understanding (MOU) with a strategic Shanghai and Hong Kong- based investment group to jointly own SEG China. Under the terms of the MOU, SEG China will market SE Global's financial services to investors in China. Additionally, SEG China will provide consulting services to Chinese companies planning to enter U.S. equities markets. SEG China will also assist North American companies interested in expanding to the Chinese market. Responsibilities of the Chinese partner will include the provision of office facilities, support, staff and establishing and building business leads. SE Global will contribute management expertise and provide support services from its North American infrastructure. Further details regarding this joint venture will be announced upon completion of the formal agreement.
November 4, 2002, SE Global Equities Corp. signed a letter of intent to acquire majority ownership in a new business to be located in the suburb of San Francisco, Fremont, California. This new business will be jointly owned by SE Global Equities Corp. and Spring Securities Inc. of Fremont, California. Under the terms of the LOI, Spring Securities will vend in all of its businesses and fixed assets into the new company. SE Global will acquire the business and provide management, technology and its global alliance network in exchange for 51% ownership in the new company. Established in 1999, Spring Securities is an investment holding company with business interests in the fields of venture capital and equities. Spring serves a high net worth client base of predominantly Asian-American investors and reported revenue of approximately CAD$1 million (US$0.63 million) dollars for fiscal 2001.
market makers
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AGIS - AEGIS CAPITAL CORP. BAMM -
CRWN - FRAN - WM. V. FRANKEL & CO., INCORPORATED
GVRC - GVR COMPANY HILL - HILL THOMPSON MAGID & CO INC
LGTD - NAIB - NORTH AMERICAN INSTITUTIONAL BROKERS
NITE - KNIGHT SECURITIES, INC. SCHB -
WESN - WIEN - WIEN SECURITIES CORP.
regulatory actions
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No Regulatory Actions for SE Global Equities Corp
HIGHLIGHTS:
* SEG Signs Letter of Intent to Acquire CPY
* Acquisition of a Company with Multi-Million Dollar Assets Under
Management
* To Create Presence for SEG in San Francisco Bay Area
* SEG and CPY to Form New Subsidiary at Completion of Acquisition
DIAMOND BAR, Calif., April 20, 2004 (PRIMEZONE) -- SE Global Equities Corp. (OTCBB:SEGB) ("SE Global"), a provider of technology and financial resources for international investors, announced it has signed a letter of intent to acquire the business of CPY California LP ("CPY"), a company with multi-million dollar assets under management based in Fremont, CA. The acquisition is expected to be finalized in approximately 30 days and will be structured as a new entity that will be a subsidiary of SE Global.
This marks another step for SE Global as it continues its expansion and strengthens its leadership in the U.S. through an aggressive mergers and acquisition (M&A) program. The newly formed entity will provide SE Global with a significant presence in the San Francisco Bay area, a key U.S. financial center. SE Global expects the acquisition of CPY to show a profitable net contribution.
"Since late 2002, CPY has retained new management and demonstrated steady growth and profitability in a challenging market during 2003," stated Toby Chu, SE Global Chairman and CEO. "CPY's focus on high net-worth international accounts and its presence in a key financial market make this an attractive business opportunity that should have a positive impact on SE Global."
Successful completion of the acquisition will strengthen SE Global's market position and provide better leverage for the company as it continues to seek out similar expansion opportunities. Focusing on emerging companies with special market niches, both in the United States and abroad, SE Global expects to continue to seek opportunities that will have a positive contribution to both combined management experience and the company's net worth.
SE Global's expects to retain all of CPY's employees that include full commission brokers, and both administrative and operational employees. The management structure of the newly formed entity will be disclosed with further details of the transaction at completion of the acquisition.
About SE Global Equities Corp
SE Global Equities Corp. offers a software platform that provides electronic low cost order routing of US securities through a licensed US securities broker-dealer to investors throughout most of the world.
SE Global is not a securities dealer in its own right and has not sought such registration. All order routing and support services are provided by the individual alliance broker in compliance with local regulatory requirements. Global-American Investments, Inc., a subsidiary of SE Global Equities Corp., is a U.S. licensed securities broker-dealer. 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 the company's website www.SEGlobal.com
On Behalf of the Board of Directors of SE Global Equities Corp.
"Toby Chu"
Toby Chu
President & C.E.O.
For more information visit the company's website www.SEGlobal.com or the company's Investor Relations Contact: Mr. Quentin Mai * N. America Toll Free: 1-888-865-0901 Ext.312, e-mail: investor@SEGlobal.com.
SOURCE: SE Global Equities Corp. |
