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SE
Global Equities Corp. (OTCBB: SEGB) (formerly
Future Technologies, Inc.), a provider of technology
and financial resources for international investors,
announces that it has signed a non- binding
letter of intent to acquire all of the issued
and outstanding shares of Global American Investments,
Inc. ("GAI"), a U.S. registered broker-dealer.
Based in Dana Point, California, GAI has been
in the direct access trading market for several
years. GAI is positioned to provide active investors
a full range of trade execution and support
services. Registered in 44 U.S. states, GAI
is a member firm of the National Association
of Securities Dealers (NASD) and the Securities
Investor Protection Corporation (SIPC). Following
the completion of the acquisition, GAI will
take the necessary steps to change its name
to SE Global Securities, Inc.
Following the successful completion of this
transaction, it is intended that SE Global Trade™
users will be offered trade execution and support
services through GAI, and clearing services
from Computer Clearing Services, Inc. (“CCS”).
Headquartered in Glendale, California, CCS is
a leading provider of clearing and execution
services for the brokerage industry. In addition,
following this transaction it is intended that
GAI will also continue to offer potential clients
trade execution and support services for other
notable direct access trading platforms.
“The purchase of Global American Investments
is intended to strengthen our company’s
infrastructure and enable us to offer a variety
of direct access trading platforms, support
service and clearing options to prospective
clients,” said Toby Chu, SE Global President
and Chief Executive Officer.
The transaction is subject to certain conditions
precedent, including completion of a satisfactory
due diligence review of GAI by SE Global, the
approval of GAI’s board of directors and
its shareholders, the approval of SE Global’s
board of directors, receipt of all necessary
regulatory approvals, and the negotiation and
execution of a definitive agreement respecting
the acquisition. Upon completion of the acquisition,
further details will be released.
About SE Global Equities Corp.
SE Global Equities Corp. is a provider of technology
and financial resources for international investors.
SE Global provides direct access trading software
and market data through a formal licensing and
worldwide distribution agreement with Direct
Access Financial Corporation. Through an agreement
with Trade Direct USA Inc., SE Global Trade(TM)
users are provided with trade execution and
support services through Allen Douglas Direct
Inc. and clearing services from Penson Financial
Services Inc.
Through SE Global's international financial
website at www.SEGlobal.com, SE Global members
are provided with access to its global alliance
network of 27 independent brokerage firms covering
26 stock exchanges spanning five continents.
SE Global is not a securities dealer in its
own right and has not sought such registration.
All trade execution 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.
Legal Notice Regarding Forward-Looking Statements
Statements in this press release which are not
purely historical are forward-looking statements,
including any statements regarding beliefs,
plans, expectations or intentions regarding
the future. Forward-looking statements in this
release include, but are not limited to: SE
Global’s intention to strengthen its infrastructure
upon the successful completion of the acquisition
of GAI by offering trade execution and support
services through GAI, and clearing services
from CCS.
It
is important to note that the Company’s
actual results and outcomes may differ materially
from those contained in the forward-looking
statements contained in this press release.
Factors that could cause actual results to differ
materially include, but are not limited to,
risks and uncertainties such as the receipt
of all necessary regulatory approvals, continued
development and maintenance of the infrastructure
required for the Internet, continued and expanded
use of the Internet as a basis for commerce
and communication, and the overall success of
SE Global and its subsidiaries in general.
Although
SE Global believes that the beliefs, plans,
expectations and intentions contained in this
press release are reasonable, there can be no
assurance that such beliefs, plans, expectations
or intentions will prove to be accurate. Readers
should refer to the risk disclosures outlined
in the Company’s amended report on Form
8-K/A dated February 21, 2001 filed with the
Securities and Exchange Commission.
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
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