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To: Al Collard who wrote (9703)	10/7/2002 6:22:33 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

CPT-v...in the news: Capital Alliance subsidiary expands to Shanghai Mon 7 Oct 2002 News Release Mr. Toby Chu reports CAPITAL ALLIANCE GROUP SUBSIDIARY ANNOUNCES EXPANSION PLANS I ... SE Global Equities Corp., a subsidiary of Capital Alliance Group, has planned to establish a Shanghai-based subsidiary called SE Global Capital (China) Inc. The new subsidiary will introduce SE Global's business model to the Chinese market, develop new business and explore investment opportunities. To facilitate this expansion, SE Global Equities Corp. has signed a memorandum of understanding with an investment group based in Shanghai and Hong Kong to jointly own SEG China. Under the terms of the memorandum, SEG China will market SE Global's financial services to investors in China. Additionally, SEG China will provide consulting services to Chinese companies planning to enter U.S. equities markets. SEG China will also assist North American companies interested in expanding to the Chinese market. Responsibilities of the Chinese partner will include the provision of office facilities, support, staff, and establishing and building business leads. SE Global will contribute management expertise and provide support services from its North American infrastructure. Further details regarding this joint venture will be announced upon completion of the formal agreement. "As Asia's fastest growing economy and leading financial centre with a population of almost 17 million people, Shanghai presents significant business opportunities for our group of companies," stated Toby Chu, chief executive officer of Capital Alliance Group. "Based on our extensive research and many years of experience operating in China, Capital Alliance Group and its subsidiaries provide the type of services that are in high demand, such as education and electronic financial services. Coinciding with the recent launch of Nasdaq's first mainland China office in Shanghai, the entry of SE Global in Shanghai represents a strategic component of our future expansion plans."