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

To: Condor who wrote (635)	3/12/2001 3:56:22 PM
From: Condor	Respond to of 960

and FTUT Future Technologies, Inc. subsidiary, SE Global Equities Inc. Launches Direct Access Trading for Global Market OTCBB:FTUT HOPKINS, MN, Mar 12, 2001 /PRNewswire via COMTEX/ -- Future Technologies, Inc. (OTCBB:FTUT) reported today that its subsidiary SE Global Equities Inc. has signed formal licensing and distribution agreements with Direct Access Financial Corporation ("DAFC"), a financial software development firm, and a joint marketing agreement with Trade Direct USA Inc., an equities marketing company. "These new partnerships, in combination with SE Global's existing global network of broker dealers, position the company to become a leading provider of direct access trading service to international investors," said Toby Chu, SE Global President and Chief Executive Officer. "We are very excited about establishing an international presence in one of the fastest growing areas of the capital markets sector." Direct Access Distribution The agreements with DAFC enable SE Global to deliver U.S. direct access trading to its alliance network of 24 brokerage firms in addition to the global investment community at large. Under the terms of these agreements, SE Global has been granted worldwide distribution rights to DAFC's proprietary direct access trading and market information software under the brand name SE Global Trade (www.SEGlobalTrade.com). Headquartered in Dallas, Texas, DAFC is a leader in the development of the rapidly emerging direct access trading software industry. Unlike traditional web-based online brokers, direct access trading platforms bypass middlemen and route trades directly to market makers, ECNs and exchanges, allowing for almost instantaneous trade execution and confirmation. In development for over five years, this new trading platform reduces the need for high bandwidth Internet connections required by the majority of direct access software applications. Trade Execution, Support and Clearing Services SE Global also has signed a joint marketing agreement with Trade Direct USA Inc. This agreement provides SE Global Trade users with trade execution and support services through Allen Douglas Direct Inc. and clearing services from Penson Financial Services Inc. Allen Douglas Direct Inc., based in Florida, is a broker dealer and a member firm of the National Association of Securities Dealers (NASD). An NASD member since 1994, Allen Douglas Direct, Inc. has several years experience in the direct access industry and is well positioned to provide active traders, aggressive investors and full service clients a full range of trade execution and support services. Founded in 1989, and headquartered in Dallas, Texas, Penson Financial Services, Inc. (Member NASD) is a leading clearing services firm. Penson provides technology-based processing solutions to the brokerage industry, focusing its activities on direct access transactions. As a result of acquisitions in Canada and the UK, Penson has become a multi-currency and multi-national clearing firm. Along with clearing all trades, Penson will hold SE Global Trade users' equities and monies in trust. Each account held with Penson is insured to the amount of $24,500,000. On Behalf of the Board of Directors of FUTURE TECHNOLOGIES, INC. "Toby Chu" ---------- Toby Chu President & C.E.O. Except for historical matters contained herein, the matters discussed in release contain certain forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties that may affect Future Technologies' business and prospects and cause actual results to differ materially from these forward-looking statements. SOURCE Future Technologies, Inc. CONTACT: Investor Relations Contact: Mr. Quentin Mai, Tel: 604-871-9909 Extension 312, Email: investor@SEGlobal.com (FTUT)