WALNUT, Calif., July 20, 2004 (PRIMEZONE) -- SE Global Equities Corp. (OTCBB:SEGB) ("SEG"), a provider of technology and financial resources for international investors, is pleased to announce that it has entered into a formal agreement to acquire Fidelity Asset Management Inc. ("FAM") of Huntington Beach, California (no relation to Fidelity Investment Group of Boston, MA) subject to NASD approval.
Fidelity Asset Management Inc is a NASD registered full service broker-dealer in good standing located in Huntington Beach, California. This new acquisition and proposed ownership change will serve as an additional platform for SE Global's group of companies to expand its electronic brokerage business and increase the number of clearing relationships in the United States while broadening its product offerings and geographical presence. After the transaction is finalized, the name of Fidelity Asset Management Inc will be renamed at a future date.
"This latest acquisition allows us to expand SEG's list of services and allows our other subsidiary, Global American Investment Inc., to remain focused on its core trading business. We will continue to seek out further acquisitions as we continue to expand our presence to the global marketplace," commented SE Global President, Mr. Hong-Lip Yow.
About SE Global Equities Corp
SE Global Equities Corp. offers a software platform that provides electronic low cost order routing of U.S. securities through a licensed U.S. securities broker-dealer to investors throughout most of the world.
SE Global is not a securities dealer in its own right and has not sought such registration. All order routing and support services are provided by the individual alliance broker in compliance with local regulatory requirements. Not all securities, products or services described are available in all countries, and nothing herein is an offer or solicitation of securities products and services in any jurisdiction where their offer or sale is not qualified or exempt from registration.
For more information visit the company's website www.SEGlobal.com
On Behalf of the Board of Directors of SE Global Equities Corp.
Toby Chu Chairman & C.E.O.
This press release includes statements that may constitute "forward-looking" statements, usually containing the word "believe," "estimate," "project," "expect" "plan" "anticipate" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's product and services in the marketplace, competitive factors, changes in regulatory environments, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company disclaims any obligation to update these statements for revisions or changes after the date of this release.