Shareholder update..
CAPITAL ALLIANCE GROUP INC.
International Head Office: Suite 1200, 777 West Broadway Vancouver, BC V5Z 4J7
Tel: 604.871.9909 Fax: 604.871.9919
Email: info@cag-global.com
Web: www.cag-global.com Web: www.cibt.edu www.cibtcorp.com
May 4th, 2005.
Shareholder Update
Dear Shareholders:
Due to a number of significant developments that are on the near term horizon, I am writing to our shareholders in an effort to keep everyone updated and informed.
SE Global Equities Corp (OTCBB: SEGB):
In early January, SE Global announced the asset acquisition of a fiber optics infrastructure network valued at approximately US$300 million owned by the #1 ranked Media Investment company in China, Sun Media Investment Holdings. I am pleased to confirm that management is actively moving forward with this transaction. However, due to the size and nature of this transaction, and restructuring of the acquisition format, recent delays have unfortunately been incurred. In order to close this transaction, all rules and regulations of two countries including corporate law and telecom laws, along with the reconciliation of US and Chinese accounting practices are required to be met. As responsible management we must be prudent and detailed in our due diligence review in all matters pertaining to this transaction. These factors have lengthened the time taken to finalize the transaction and we will not allow time pressures to compromise the quality and integrity of our review process.
In addition to acquiring the fiber-optic infrastructure, SE Global has other plans to expand our business co-operation with Sun Media Investment Holdings Inc of Shanghai, China; including joint expansion and several acquisition opportunities. These other business initiatives will move forward in parallel or in advance of the asset acquisition. Further updates will be provided shortly.
CIBT:
In April, management visited China with investment bankers from Harris Nesbitt of New York, a senior executive from Western International University (a subsidiary of Apollo Group Inc.), and the Senior Vice President of HSBC Securities Canada. While in China the delegation attended the grand opening of CIBT Beihai International Management School. A news release was published on May 2nd pertaining to this subject.
The delegation also met with the China eCommerce Association (“CECA”), which is a government organization officially approved by the State Council of China. CECA’s mandate is to standardize China’s eCommerce laws by recommending and establishing policies, guidelines and future directions for all electronic commerce activities over the Chinese Internet sector including payment systems, e-learning, and certifications. Since it was founded in 2000, CECA has established over 400 training centers across the country and has grown to over 2 million members including all major Chinese corporations such as Sina Corporation, SOHU, Lenovo, and U.S based corporations such as Yahoo, Google and E-Bay China. CECA and CIBT are working together to explore a number of initiatives to expand CIBT’s business presence through out China.
In addition to our academic and technology degree programs, CIBT management continues to pursue a joint venture opportunity with a leading automotive training school from North America. CIBT plans to broaden its education platform to encompass technology, management, and automotive programs with a view to expand its offering into the health care and hospitality sectors in the future.
Financing Activity:
Management is working closely with our investment-banker Harris Nesbitt of New York in pursuit of a private equity financing into CIBT.
In summary, we are pleased and optimistic with our current business development process. We plan to complete a number of our initiatives this year and achieve significant results as we continue to move forward with our various business partners and corporate objectives.
Sincerely,
Capital Alliance Group Inc.
“Toby Chu”
Toby Chu
President and CEO |
