WALNUT, Calif., July 22, 2004 (PRIMEZONE) -- SE Global Equities Corp. (OTCBB:SEGB) ("SEG"), a provider of technology and financial resources for international investors, is pleased to announce the establishment of SE Global Capital, Inc. (San Jose) through its joint venture acquisition of CPY Holdings LLC of Fremont, California. SEG will issue 130,000 restricted shares in exchange for the transfer of all of CPY Holding's clients, revenue streams and selected assets into a new company. The new entity is 60% owned by SE Global Equities Corp. and the remaining shares are owned by existing CPY shareholders. It will focus its core business on targeting Asian high net-worth clients residing in the San Francisco and Bay areas.
"We are pleased to expand our corporate presence in this strategic area of California and are very excited about the future growth and profitability of SE Global Capital, Inc. (San Jose)," stated Toby Chu, SE Global Chairman and CEO. "We will continue to identify further acquisition opportunities to expand and grow our business in niche markets in the United States and overseas."
About SE Global Equities Corp.
SE Global Equities Corp. offers a software platform that provides electronic low cost order routing of US securities through a licensed US securities broker-dealer to investors throughout most of the world.
Disclaimer
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" Toby Chu President & C.E.O.
Safe Harbor
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.