Capital Alliance Group Inc.: SE Global Files Proxy Circular
15:25 EDT Thursday, August 11, 2005
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 11, 2005) -
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE US
Capital Alliance Group Inc. (TSX VENTURE:CPT) subsidiary, SE Global Equities Corp. (OTCBB:SEGB) ("SEG") reports that the company has filed a Form 14A Proxy Circular with the US Securities and Exchange Commission regarding its transaction with China based Sun Media Investment Holdings Limited ("SMIH") as reported on Form 8-K, and related press release on July 21, 2005.
An Extraordinary General Meeting has been scheduled for September 12th, 2005 for a proxy vote on the transaction and related matters. Capital Alliance Group Inc, being the majority shareholder of SEG, has indicated it intends to vote in favor of all matters before the meeting including the transaction. The final closing of the transaction is subject to stockholder approval and various other customary closing conditions. SE Global currently expects the closing of the transaction to occur shortly after the September 12th meeting, subject to the satisfaction or waiver of all conditions to closing.
About Sun Media
Sun Media Investment Holdings Limited is an investment group focusing on growth opportunities in media markets in Asia, particularly Greater China. SMIH works to add value by creating and sustaining branded content platforms, which it can leverage across many different forms of media. Today, SMIH is one of the largest privately owned media groups in China in terms of net assets value and profitability. SMIH has activities in six strategic areas: television, news media, publishing, education, advertising and sports. In all, SMIH has direct interests in 11 media companies, through which it holds shares in more than 30 media operations, controlling no less than 60 media brands in 9 countries and 15 cities. To view a recent corporate video on Sun Media Investment Holdings visit: www.cag-global.com/newflash/sun.html.
For more information visit the company's website at www.cag-global.com or www.seglobal.com.
Capital Alliance Group Inc.
Toby Chu, President & C.E.O.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
FOR FURTHER INFORMATION PLEASE CONTACT:
Capital Alliance Group Inc.
Mr. James Neil
Investor Relations Contact
N. America Toll Free: 1-888-865-0901 Ext.322
investor@cag-global.com
www.cag-global.com or www.seglobal.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. |
