DIAMOND BAR, Calif., Aug. 11, 2005 (PRIMEZONE) -- SE Global Equities Corp. (OTCBB:SEGB) ("SEG") reports that the company has filed a Form 14A Proxy Circular with the U.S. Securities and Exchange Commission regarding its transaction with China based Sun Media Investment Holdings Limited ("SMIH") as reported on Form 8-K and related press release on July 21, 2005.
An Extraordinary General Meeting has been scheduled for September 12th, 2005 for a proxy vote on the transaction and related matters. Capital Alliance Group Inc., being the majority shareholder of SEG, has indicated it intends to vote in favor of all matters before the meeting including the transaction. The final closing of the transaction is subject to stockholder approval and various other customary closing conditions. SE Global currently expects the closing of the transaction to occur shortly after the September 12th meeting, subject to the satisfaction or waiver of all conditions to closing.
About Sun Media
Sun Media Investment Holdings Limited is an investment group focusing on growth opportunities in media markets in Asia, particularly Greater China. SMIH works to add value by creating and sustaining branded content platforms, which it can leverage across many different forms of media. Today, SMIH is one of the largest privately owned media groups in China in terms of net assets value and profitability. SMIH has activities in six strategic areas: television, news media, publishing, education, advertising and sports. In all, SMIH has direct interests in 11 media companies, through which it holds shares in more than 30 media operations, controlling no less than 60 media brands in 9 countries and 15 cities. To view a recent corporate video on Sun Media Investment Holdings visit: www.cag-global.com/newflash/sun.html.
For more information visit the company's website at www.SEGlobal.com SE Global Equities Corp.
"Toby Chu" Toby Chu Chairman and C.E.O.
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