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SE
Global Equities Company Limited ("SEG"),
a subsidiary of Capital Alliance Group Inc.,
is pleased to announce the addition of four
distinguished brokerage firms to SEG's expanding
global network of brokers. These new alliance
partners will enhance SEG's presence in Asia
and expand SEG's network onto the African continent
with the addition of the Egyptian market.
These
new alliances expand SEG's reach into 17 stock
exchanges in 15 countries spanning several continents.
SEG's representatives continue to meet with
brokerage firms around the globe. SEG is in
various stages of negotiations with several
firms that when finalized, will significantly
expand SEG's reach. The brokerage firms who
have most recently executed a formal co-marketing
agreement with SEG include:
Dongwon
Securities Co., Ltd. (formerly Hanshin Securities
Co., Ltd.) - will cover the Korean Stock Market.
Incorporated in 1968, Hanshin Securities Co.,
Ltd. changed its name to Dongwon Securities
Co., Ltd. in 1996. Dongwon Securities network
consists of 1,500 employees, 70 branch offices,
and 5 financial affiliates. These affiliates
include Dongwon Economic Research Institute,
Dongwon BNP Investment & Trust Management
Co., Ltd., Dongwon Venture Capital Co., Ltd.,
Dongwon Finance Co., Ltd., and Dongwon Mutual
Savings & Finance. As of the end of March
2000, Dongwon Securities had paid-in capital
of KRW 179.5 billion (US$162 million).
Meritz
Securities Co., Ltd. (formerly Hanjin Investment
& Securities Co., Ltd.) - will also cover
the Korean Stock Market. Established in 1973,
Meritz Securities has a wide network across
Korea which comprises 40 branches (including
3 cyber branches) with 830 executive officers
and employees. Meritz Securities also has a
wholly owned subsidiary, Meritz Investment Advisory.
Meritz Securities is a joint venture partner
of Prudential Asset Management Asia (PAMA).
PAMA is a subsidiary of Prudential - one of
the world-leading financial groups. As of the
end of February 2000, Meritz Securities had
paid-in capital of KRW 173.5 billion (US$ 156
million).
OKAZ
Co. - will cover the Egyptian Stock Exchange.
Founded by the Hamed family, OKAZ Co. maintains
a leading position in the local brokerage community
with over 16 years of experience. OKAZ has enjoyed
a cumulative turnover of over L.E. 9 billion
(US$ 2.4 billion) since 1984, and an average
yearly turnover for the past 6 years of L.E.
1.5 billion (US$ 394 million). OKAZ was the
first brokerage firm to obtain a direct link
to the Egyptian Stock Exchange. This direct
link allows OKAZ to execute clients' orders
directly from its offices as well as its trading
desk on the floor of the stock exchange.
Kingsway
E-Services Limited (KESL) - will cover the Stock
Exchange of Hong Kong. KESL is a wholly owned
subsidiary of the Hong Kong listed SW Kingsway
Capital Holdings Limited with a paid-in capital
of over HK$1 billion (US$128 million). The group
offers a full range of integrated financial
services through its subsidiaries including
stock broking, futures trading, fund management,
corporate finance, institutional and retail
sales, underwriting, and securities related
private placements.
Toby
Chu, president and chief executive officer,
states: "We are very pleased with our progress
towards our goal of expanding our alliance network.
Our expansion to the African continent, as well
as the strengthening of our existing network
with our esteemed alliance partners, brings
us closer to our goal of creating a truly global
financial community. We are excited about the
progress we are making towards offering a variety
of financial products to SEG members and providing
them with the opportunity to explore and take
advantage of exciting investment opportunities
from all corners of the world."
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