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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (55690)	7/20/2000 9:26:47 PM
From: CIMA	Respond to of 150070

CPT.V - Tomorrow's news today! I bought today as well... Today's South China Morning Post - Friday July 21/2000 (Note: - this is one of China's largest newspapers) By Samuel Yeung Canadian-based financial portal operator SE Global Equities (SEG) has lined up 14 brokers in 13 stocks markets to tap into cross-border online trading. Chief executive Toby Chu said the company's strategy was to form alliances with about two brokers in each target market. "Our business model aims to bridge the gap between investors and brokers by providing a one-stop venue for global investment," Mr Chu said. Among brokers in the region were Hong Kong's Tai Fook Securities, mainland-based China Securities, Malaysia's Arab-Malaysion Securities and ABN Ambro in Thailand, said the company yesterday. Through SEG Alliances investors can use the company's online platform, SEGlobal.com, to access a member broker in any country for information or to open accounts. The site also offer online news, analyst reports and stock quotations. ww5.e-finet.com 13:28 20-JUL-2000 (After Canadian Market Closed Yesterday) Tai Fook Securities<0665.HK>, SEG form marketing alliance Tai Fook Securities and SE Global Equites, an online trading and financial new portal as well as Internet ASP, have jointly formed a marketing alliance, as the global selling network for SEG. SEG intends to go into alliances in at least 50 securities markets and 100 brokerages. The current network alliance comprises the US, Malaysia, Singapore, Shanghai, Shenzhen and Hong Kong. SEG will use Excel Tech<8048.HK>'s online stock trading software service, InterTrade ww5.e-finet.com 14:20 20-JUL-2000 (After Canadian Market Closed Yesterday) SEG to invest HK$58 million on online trading SE Global Equity chairman and chief executive officer Toby Chu said that the initial investment of the company in online trading amounts to US$7.5 million (HK$58.5 million), but a further US$3 million investment will be made later. Mr Chu expects to achieve the break even point in 14 months. He added that the company has plans to list on the Nasdaq in early 2001 to raise US$20 million. It may also list in other bourses including the Growth Enterprise Market in Hong Kong. Mr Chu disclosed that the major shareholder of the company is Capital Alliance Group which owns 87 pct of the company. The remaining 13 pct of the company is owned by private investors. He said that the main source of income of the company is membership fees and technical service charges. The company is considering collecting a monthly membership fee of US$20-25 from each local member. Other incomes are from advertising and value-added rates on the provision of services to retail and institutional investors