SE Global to Expand to San Francisco

SE Global Equities Corp. (OTCBB:SEGB), a subsidiary of Capital Alliance Group Inc. and a provider of electronic securities technology and financial resources for international investors, has signed a letter of intent (“LOI”) to acquire majority ownership in a new business to be located in the suburb of San Francisco, Fremont, California. This new business will be jointly owned by SE Global Equities Corp and Spring Securities Inc. (“Spring”) of Fremont, California.

Under the terms of the LOI, Spring Securities will vend in all of its businesses and fixed assets into the new company. SE Global will acquire the business and provide management, technology and its global alliance network in exchange for 51% ownership in the new company.

Established in 1999, Spring Securities is an investment holding company with business interests in the fields of venture capital and equities. Spring serves a high net worth client base of predominantly Asian-American investors and reported revenue of approximately CAD$1 million (US$0.63 million) dollars for fiscal 2001.

The transaction provides several key benefits to SE Global Equities, including:

• An established presence and revenue base in the San Francisco and Bay area;

• Accelerated penetration into the Asian-American community;

• Access to a preexisting network of business contacts and facilities;

• Immediate presence and reduced market entry costs.

This transaction is subject to the required regulatory approval and due diligence to be conducted by SE Global.

SE Global also announces that it will not be proceeding with the acquisition of the broker-dealer based in California as announced on May 7, 2002.

On Behalf of the Board of Directors of SE Global Equities Corp.

Toby Chu

President & Chief Executive Officer
International Head Office: 1.604.871.9909 extension 308
Asian Head Office: 852.2169.3019 extension 28