DIAMOND BAR, Calif., Jan. 10, 2005 (PRIMEZONE) -- SE Global Equities Corp. (OTCBB:SEGB) ("SEG"), a provider of technology and financial resources for international investors, would like to provide the following supplemental corporate information provided by Sun Media Investment Holdings Ltd. on its recent announcement, which was released on January 07, 2005.
Introduction to Sun Media Investment Holdings
Sun Media Investment Holdings Ltd. ("SMIH") is a media investment company that was founded between 1998 and 1999 by the popular Chinese TV program host Ms. Yang Lan and her husband Dr. Bruno Wu. Currently, SMIH invests in six key areas of media: television, publishing, sports marketing, education, advertising and financial news. SMIH has direct interests in 11 media companies, through which it holds shares in more than 30 media operations, which it believes controls no less than 60 media brands in 9 countries and 15 cities.
SMIH's Top Investments
One of SMIH's flagship investments is in Asia Multi-Media Technology Services Holdings Limited ("AMT"). AMT brings together multimedia content and network assets with experienced management to capture value and market share in China's growing multimedia industry sector. AMT has ownership of an advanced fiber-optic network including a 34,880 km two-core national IP protocol fiber optic network servicing 440 cities in China and providing access to premium multi-media content assets and alliances, which it will deliver through its network to businesses, organizations and local service providers. SMIH believes, AMT's fiber-optic network is one of the longest in length in China and it has an appraised net tangible asset value of approximately US$268 million.
Through SMIH's content suppliers, AMT has access to a variety of multimedia content spanning such focus topics as business, sports, health care and gaming. By combining exclusive content with its proprietary network assets, AMT believe it has the synergies and competitive advantages to secure a competitive niche as one of China's premium-content multimedia providers. AMT also plans to establish strategic partners, which it expects will include China's financial institutions, banks and insurance companies for setting up a national disaster back-up storage network.
SMIH together with Lenovo, one of China's largest IT companies, has formed a joint venture named Sun 365 Multimedia Holdings Ltd to develop broadband multimedia content and applications in China. Sun 365's media content will be added to AMT's pipeline of content offerings.
SMIH's has also begun to penetrate the North American market with its media content through its Hong Kong based subsidiary, The Observer Star Global Publishing Holdings Ltd, and its Chinese-language premium business newspaper, the Observer Star. Since its launch in August 30th, 2004, SIMH believes, the Observer Star has established itself as a reliable source of business information and insight on businesses in China.
Notable Governance & Management Personnel
AMT reports that its Advisory Board members will include such respected individuals as Mr. Yang Yuan-Qing, Chairman of Lenovo, and Mr. Zhao Wei-Cheng, founding Chairman of China Unicom, with other notable members to be announced in the future.
On the Board of Directors of AMT is Dr. Bruno Wu, who is the founder and executive chairman of Sun Media Investment Holdings. Mr. Wu studied at the University of Savoie, France before earning his master's degree in International Relations at Washington University in St. Louis, Missouri and a Ph.D. in the International Politics Department of College of Law from Fudan University, Shanghai, China. Dr. Wu has served as the Chief Operating officer of ATV, one of the two free-to-air television networks in Hong Kong.
Other board members of AMT include Mr. Nie Jian-Lin, Vice Chairman and Secretary-General of China Mobile Telecom Association, the industry association of the six state-owned telecommunication companies, and Mr. Chauncey Shey, CEO of Softbank China Holdings & co-founder of UT Starcom, a NASDAQ listed company.
The Chairman of Sun Media Holdings Limited is the famous Chinese TV broadcaster Ms. Yang Lan. Ms. Yang graduated from the Beijing Foreign Studies University and began her media career as a host of a variety show airing on China Central Television (CCTV). Ms. Yang holds a master's degree in International & Public Affairs from Columbia University. In 1999, with her husband, Bruno Wu, she started her own media company Sun Television Cyber networks (commonly known as Sun TV). Ms. Yang also acted as an ambassador for her country by representing China for Beijing's successful 2008 Summer Olympic bid.
Disclaimer:
Information contained in this news release was provided by Sun Media Investment Holdings Limited. SE Global Equities Corp. has not reviewed nor verified the accuracy and correctness of the information contained herein. For more information visit the company's website at www.SEGlobal.com
SE Global Equities Corp.
"Toby Chu" Toby Chu Chairman & C.E.O.
Investor Relations Contact: Mr. James Neil - N. America Toll Free: 1-888-865-0901 Ext.322 Email: investor@SEGlobal.com 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.