EX-99.3
12
prexhibit993.htm
EXHIBIT 99.3
Exhibit 99.3
Exhibit 99.3
SE Global Equities Corp.
PO Box 297, 1142 S. Diamond Bar Blvd
Diamond Bar, CA 91765
United States of America
OTCBB: SEGB
SE Global Stockholders Approve Acquisition with China
Interactive Marketing and Media Group to Form Sun New Media, Inc.
Sept 14
th
, 2005.
DIAMOND BAR, Calif., Sept. 14, 2005 (PRIMEZONE) -- SE Global Equities Corp.
(OTC BB:SEGB.OB
- News)
("SEG") reports that the company's shareholders voted on Sept. 12th in an
EGM (extraordinary general meeting) to proceed with the acquisition of all the
shares of Sun New Media Group (SNMG) from Chinese media group Sun Media
Investment Holdings Ltd (SMIH), under a share purchase agreement as previously
set-forth in a press release issued on August 10th, 2005. The transaction, when
completed, will leave SMIH and related parties as the majority owner of the
company with 86% of the issued and outstanding shares of common stock on a
non-diluted basis and 85% on a fully diluted basis.
In accordance with the share purchase agreement, SEG will change its name to
Sun New Media, Inc. undergo a 1 share for 2 shares (1:2) reverse split, and
issue 55 million post-consolidated shares to SMIH and related parties in
exchange for 100% ownership of SNMG. SMIH will also guarantee a profit of no
less then US $3 million within the next fiscal year. Any short fall on the net
income will be assumed and compensated by SMIH.
The company will issue an announcement regarding the new trading symbol, and
the date for the reverse stock split and closing of the share purchase agreement
and related transactions upon notification by NASDAQ. SEG will then begin to
trade under its new name and on a consolidated basis on the same date under the
new symbol on the OTCBB and have the new CUSIP number 86681W 10 4.
The acquisition of SNMG brings two key sets of assets under the control of
SEG, potentially increasing value for current shareholders and diversifying
sources of income for the company. First, SNMG controls Compass Multi-Media Inc,
an innovative online interactive marketer, which targets corporate
communications, product promotion and consumer online publishing sectors in
China. Second, SNM holds the program distribution and licensing rights to all
the television programs produced and owned by SMIH and certain subsidiaries. The
program distribution rights include a number of highly popular television
programs aired in China such as Yang Lan One on One, C'est La Vie Daily, 66
Places of a Lifetime, and Olympics & Me, many of which feature leading
Chinese television personality Ms. Yang Lan.
Building from these core assets, the company will pursue a focused strategy
of becoming the leading integrated, interactive marketing and communications
company serving affluent consumers and leading corporations in China. To reflect
its new direction, the company will henceforth be known as "Sun New Media
Inc." (SNM). By providing innovative services and technologies supported by
outstanding management, SNM aims to secure a major share of the multimedia
market in China, which is expected to become the largest sector in the Chinese
economy by 2010, exceeding aggregate revenues of RMB 1500 Billion (1) (US $181
Billion).
To oversee the new company's growth strategy, the shareholders also voted to
elect as directors on close of the acquisition three associates of SMIH: Dr.
Bruno Wu; Chauncey Shey; and John Li. The management team includes prominent
serial investors and insiders from the media and IT fields in China. SNM's
Chairman Dr. Bruno Wu, is Chairman of Sun Media Investment Holdings Ltd., and
former Chairman of Sina Corporation (NasdaqNM:SINA
- News),
and former Chief Operating Officer of Hong Kong's ATV. SNM's Vice-Chairman is
Chauncey Shey, CEO and President of Softbank Venture Capital China, and
Co-Founder and former EVP of UT Starcom. SNM Director, John Li is currently the
President of Sun New Media Group and previous to that he worked for 10 years
with Framlington Funds, where he served as a senior Fund Manager and the Head of
the Asia Pacific region.
SNM Chief Financial Officer and Corporate Secretary, Fendi Cheung has more
than 10 years experience in senior financial positions in listed companies in
the Greater China region.
SNM Chairman, Dr. Bruno Wu, commented: "We have a strategic vision of what
this company can achieve in the multimedia market in China, and the skills and
experience to achieve that goal. We thank our shareholders for their confidence
in us, and believe the company is set on the path to new levels of success".
About Sun Media
Sun Media Investment 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:
http://www.cag-global.com/newflash/sun.html.
For more information on Sun New Media, Inc. please visit the company's new
website at http://www.sunnewmedia.com,
which will be launched in the coming days.
SE Global Equities Corp.
"Toby Chu"
Toby Chu
Chairman & C.E.O.
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.
Contact:
SE Global Equities
Corp.
Ivestor Relations
Contact:
Mr. James Neil
N. America Toll Free:
1-888-865-0901 Ext.322
Email:
investor@SEGlobal.com
-2-

EX - 99 . 3 12 prexhibit993 . htm EXHIBIT 99 . 3 Exhibit 99 . 3 Exhibit 99 . 3 SE Global Equities Corp . PO Box 297 , 1142 S. Diamond Bar Blvd Diamond Bar , CA 91765 United States of America OTCBB : SEGB SE Global Stockholders Approve Acquisition with China Interactive Marketing and Media Group to Form Sun New Media , Inc . Sept 14 th , 2005 . DIAMOND BAR , Calif . , Sept. 14 , 2005 ( PRIMEZONE ) -- SE Global Equities Corp . ( OTC BB : SEGB . OB - News ) ( " SEG " ) reports that the company 's shareholders voted on Sept. 12 th in an EGM ( extraordinary general meeting ) to proceed with the acquisition of all the shares of Sun New Media Group ( SNMG ) from Chinese media group Sun Media Investment Holdings Ltd ( SMIH ) , under a share purchase agreement as previously set - forth in a press release issued on August 10 th, 2005 . The transaction , when completed , will leave SMIH and related parties as the majority owner of the company with 86 % of the issued and outstanding shares of common stock on a non - diluted basis and 85 % on a fully diluted basis . In accordance with the share purchase agreement , SEG will change its name to Sun New Media , Inc . undergo a 1 share for 2 shares ( 1 : 2 ) reverse split , and issue 55 million post - consolidated shares to SMIH and related parties in exchange for 100 % ownership of SNMG . SMIH will also guarantee a profit of no less then US $ 3 million within the next fiscal year . Any short fall on the net income will be assumed and compensated by SMIH . The company will issue an announcement regarding the new trading symbol , and the date for the reverse stock split and closing of the share purchase agreement and related transactions upon notification by NASDAQ . SEG will then begin to trade under its new name and on a consolidated basis on the same date under the new symbol on the OTCBB and have the new CUSIP number 86681W 10 4 . The acquisition of SNMG brings two key sets of assets under the control of SEG , potentially increasing value for current shareholders and diversifying sources of income for the company . First , SNMG controls Compass Multi - Media Inc , an innovative online interactive marketer , which targets corporate communications , product promotion and consumer online publishing sectors in China . Second , SNM holds the program distribution and licensing rights to all the television programs produced and owned by SMIH and certain subsidiaries . The program distribution rights include a number of highly popular television programs aired in China such as Yang Lan One on One , C ' est La Vie Daily , 66 Places of a Lifetime , and Olympics & Me , many of which feature leading Chinese television personality Ms . Yang Lan . Building from these core assets , the company will pursue a focused strategy of becoming the leading integrated , interactive marketing and communications company serving affluent consumers and leading corporations in China . To reflect its new direction , the company will henceforth be known as " Sun New Media Inc . " ( SNM ) . By providing innovative services and technologies supported by outstanding management , SNM aims to secure a major share of the multimedia market in China , which is expected to become the largest sector in the Chinese economy by 2010 , exceeding aggregate revenues of RMB 1500 Billion ( 1 ) ( US $ 181 Billion ) . To oversee the new company 's growth strategy , the shareholders also voted to elect as directors on close of the acquisition three associates of SMIH : Dr . Bruno Wu ; Chauncey Shey ; and John Li . The management team includes prominent serial investors and insiders from the media and IT fields in China . SNM 's Chairman Dr . Bruno Wu , is Chairman of Sun Media Investment Holdings Ltd . , and former Chairman of Sina Corporation ( NasdaqNM : SINA - News ) , and former Chief Operating Officer of Hong Kong 's ATV . SNM 's Vice - Chairman is Chauncey Shey , CEO and President of Softbank Venture Capital China , and Co - Founder and former EVP of UT Starcom . SNM Director , John Li is currently the President of Sun New Media Group and previous to that he worked for 10 years with Framlington Funds , where he served as a senior Fund Manager and the Head of the Asia Pacific region . SNM Chief Financial Officer and Corporate Secretary , Fendi Cheung has more than 10 years experience in senior financial positions in listed companies in the Greater China region . SNM Chairman , Dr . Bruno Wu , commented : " We have a strategic vision of what this company can achieve in the multimedia market in China , and the skills and experience to achieve that goal . We thank our shareholders for their confidence in us , and believe the company is set on the path to new levels of success " . About Sun Media Sun Media Investment 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 : http://www.cag-global.com/newflash/sun.html . For more information on Sun New Media , Inc . please visit the company ' s new website at http://www.sunnewmedia.com , which will be launched in the coming days . SE Global Equities Corp . " Toby Chu " Toby Chu Chairman & C . E . O . 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 . Contact : SE Global Equities Corp . Ivestor Relations Contact : Mr . James Neil N . America Toll Free : 1 - 888 - 865 - 0901 Ext . 322 Email : investor@SEGlobal.com - 2 -
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