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Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX) -- Ignore unavailable to you. Want to Upgrade?

To: gg cox who wrote (569)	11/27/2000 11:58:20 PM
From: gg cox	Read Replies (1) \| Respond to of 960

CDNX Symbol: CPT Nov. 28, 2000 News Release Capital Alliance Group Signs Formal Contract for Purchase of Controlling Interest in Irix Design Group Inc. and Launches New Websites for SE Global Equities Inc. and Capital Alliance Group visit us at: www.cag-global.com & www.seglobal.com Capital Alliance Group Inc. (“CAG”) is pleased to announce it has signed the formal contract regarding the purchase of 51 per cent of the issued and outstanding common shares of Irix Design Group Inc. (“IRIX”) in consideration of $250,000, including $150,000 cash and 76,923 common shares of CAG at a deemed price of $1.20. The preliminary closing of the transaction is scheduled for Friday, December 1st, 2000. The final closing will be held once CAG’s auditor has completed a satisfactory review of IRIX’s financial statements. IRIX is a profitable, full-service multimedia and advertising agency headquartered in Vancouver BC. The company also has a representative office in San Francisco and has recently expanded its operations with the establishment of a branch office in Hong Kong. IRIX, with its digital expertise, offers a tremendous fit and creates a synergy with CAG and its subsidiaries. Although IRIX has demonstrated an impressive growth rate on its own, management of CAG and its subsidiaries are confident that they can leverage the company’s growing network of global partners, existing infrastructure, and worldwide distribution network to further accelerate IRIX’s growth. For the 12 months ending September 30th, 2000, IRIX reports a combined revenue from the Canadian, U.S. and Hong Kong offices of approximately $1.82 million as compared to $0.58 million for the same period of last year. SE Global Equities Inc. (“SEG”), a subsidiary of Capital Alliance Group Inc., is pleased to announce that after an extensive effort by teams in both Canada and Hong Kong, it has completed the next phase of development of its back-end infrastructure for its trading platform. SEG members now have the capability to open accounts and conduct equities trades with select members of SEG’s expanding network of Global brokerage firms. In addition, SEG’s website www.seglobal.com also provides members with the capability to view profiles of foreign stock exchanges as well as profiles of the brokerage firms who are participating in SEG’s network. To become a leading financial centre for investors, SEG has integrated both news and data feed services from Reuters – a leading global financial news information provider. According to Toby Chu, President & C.E.O. of SEG, “We are very excited about our achievements to date and the innovative content and service offerings we will be offering to our members in the near future.” SEG's goal is to build a network of over 100 reputable brokerage firms which will provide investors with direct access to companies trading on over 50 of the world's established and emerging stock exchanges. With the back-end infrastructure now firmly in place, SEG management is confident that they will now be able to accelerate progress towards this goal and allow investors to trade online 24 hours a day at discounted rates around the globe. Capital Alliance Group is also pleased to announce the launch of a new version of its corporate website at www.cag-global.com. On Behalf of the Board of Directors of CAPITAL ALLIANCE GROUP INC. Toby Chu President and C.E.O