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Exhibit 99.1

SE GLOBAL SECURITIES CORP.DISCLOSURE COMMITTEE CHARTER- Purpose    It is the policy of SE Global Equities Corp. (the "Company") that all  disclosures made by the Company to its security holders or the investment  community should be accurate and complete and fairly present the Company's  financial condition and results of operations in all material respects, and  should be made on a timely basis as required by applicable laws and stock  exchange requirements. The Company's policy statement and guidelines are  attached hereto as Exhibit A. **Structure 
*Membership.
 The membership of the Committee shall initially    consist of the Company's Chief Executive Officer, President, Chief Financial    Officer and Director, Corporate Communications and Investor Relations.    
* Meetings.
 The Committee shall meet as frequently as    circumstances dictate to (i) ensure the accuracy and completeness of the    Disclosure Statements and (ii) evaluate the Disclosure Controls (as defined    below) and determine whether any changes to the Disclosure Controls are    necessary or advisable in connection with the preparation of the Company's    upcoming periodic reports or other Disclosure Statements, taking into    account developments since the most recent Committee meeting, including    changes in the Company's organization and business lines and any change in    economic or industry conditions.
**Responsibilities 
The Committee shall be have responsibility for oversight of the accuracy  and timeliness of the disclosures made by the Company by being responsible for  the following tasks: - Design and establish controls and other procedures (which may include    procedures currently used by the Company) that are designed to ensure that    (1) information required by the Company to be disclosed to the Securities    and Exchange Commission ("SEC") and other written information that the    Company will disclose to the investment community is recorded, processed,    summarized and reported accurately and on a timely basis and (2) information    is accumulated and communicated to management as appropriate to allow timely    decisions regarding such required disclosure ("Disclosure Controls"). 
- Monitor the integrity and effectiveness of the Company's Disclosure    Controls. 

 
- Review and supervise the preparation of the Company's (i) periodic and    current reports, proxy statements, registration statements and any other    information filed with the SEC, (ii) press releases containing financial    information, earnings guidance, information about collaborations,    information about clinical trials or regulatory matters, information about    material acquisitions or dispositions or other information material to the    Company's security holders, and (iii) presentations to analysts and the    investment community (collectively, the "Disclosure Statements"). 
- Evaluate the effectiveness of the Company's Disclosure Controls within    90 days prior to the filing of the Company's Annual Report on Form 10-K and    each Quarterly Report on Form 10-Q (collectively, the "periodic reports"). 
- Report to and consult with the Company's Board of Directors and its    Audit Committee as needed. 

The Committee shall base the design, implementation and evaluation of the    Disclosure Controls on the following:*Establishing a Control Environment.
 The Committee shall focus on    monitoring and evaluating the integrity, ethical values and competence of    the Company's officers and employees, management's philosophy and operating    style; the manner in which management assigns authority and responsibility    and organizes and develops the Company's employees; and the attention and    direction provided by the Company's Board of Directors and its Audit    Committee; 
* Disclosure Related Risk Assessment.
 The Committee shall stress    the identification and analysis of relevant risks to achievement of accurate    and timely disclosure and help form a basis for determining how the risks    should be managed; 
* Control Activities.
 The Committee shall ensure that necessary    actions are taken to address risks to achievement of the objectives; 
* Information and Communication.
 The Committee shall incorporate    steps that ensure information is delivered and communication efficiently    flows down, across and up the organization; 
* Monitoring.
 The Committee shall assess the quality of the    disclosure system over time through ongoing monitoring and separate    evaluations, including through regular management supervision.

In discharging its duties, the Committee shall have full access to all  Company books, records, facilities, and personnel, including the internal  auditors.Other Responsibilities 
The Committee shall review and reassess this Charter periodically and  recommend any proposed changes to the Board of Directors for approval.
-2-**- Disclosure of Charter**
This Charter will be made available to any stockholder who requests a    copy. The Company's Annual Report to Stockholders on Form 10-K shall state    the foregoing.

 
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**Exhibit A (to Disclosure Committee Charter)SE Global Equities Corp.Policy Statement and Guidelines for Corporate Disclosure
- Purpose    On August 27, 2002, the United States Securities and Exchange Commission  adopted rules requiring public companies such as SE Global Equities Corp. (the  "Company") to maintain certain disclosure controls and procedures to ensure  that information that they are required to disclose in the reports they file  with, or submit to, the SEC is recorded, processed, summarized and reported  within the time periods specified in the SEC's rules and forms. The Company is  adopting this Policy Statement (including the Guidelines for Corporate  Disclosure set forth in Section IV below) for the purpose of assuring that the  Company complies with its disclosure obligations as a public company,  including, for example, maintaining appropriate disclosure controls and  procedures and limiting the selective disclosure of material, nonpublic  information.** Disclosure Controls and Procedures**
It is the Company's policy to maintain disclosure controls and procedures    designed to ensure that information that it is required to disclose in the    reports filed or submitted to the SEC under the Securities Exchange Act of    1934, as amended, is:
- recorded, processed, summarized and reported within the time periods    specified in the SEC's rules and forms; and 
- accumulated and communicated to Company management, including the Chief    Executive Officer and Chief Financial Officer, in a manner that facilitates    timely decisions regarding required disclosure.

These disclosure controls and procedures shall apply to all of the    Company's public disclosure of material information, including all:
- reports filed or submitted under the Securities Exchange Act of 1934, as    amended; 
- public offerings prospectuses and private placement memoranda; 
- earnings releases and other public disclosures; 
- disclosures to Market Professionals or Stockholders subject to    Regulation FD; and 
- disclosure of material information required by the Nasdaq National    Market or any other securities exchange on which the Company's securities    are traded.

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**- Administration of Disclosure Controls and Procedures - Oversight Responsibility

The Company's Chief Executive Officer and Chief Financial Officer          together are responsible for establishing, maintaining and evaluating          the Company's disclosure controls and procedures. To assist them in          this effort, a Disclosure Committee has been formed and Disclosure          Coordinators designated.
- Disclosure Committee

The Disclosure Committee was formed to assist the Chief Executive          Officer and Chief Financial Officer in establishing, maintaining and          evaluating the Company's disclosure controls and procedures. In          particular, the Disclosure Committees shall be responsible for:
- assuring that information that is potentially required to be        publicly disclosed is accumulated and communicated to the Disclosure        Committee; 
- evaluating such accumulated information to determine disclosure        obligations on a timely basis so that all public disclosures may be made        in compliance with the federal securities laws; 
- overseeing the preparation of annual, quarterly and current reports        and proxy statements and all other reports that the Company is required        to file or submit to the SEC; 
- evaluating, under the direction of the Chief Executive Officer and        Chief Financial Officer, the effectiveness of the Company's disclosure        controls and procedures within 90 days prior to the filing of its Form        10-K and each Form 10-Q; 
- overseeing the preparation of the Company's public offering        prospectuses and private placement memoranda; 
- administering the Disclosure Guidelines discussed in Section IV        below; 
- addressing disclosure issues that arise from time to time, including        considering the materiality of information; and 
- performing such other tasks as may be assigned to it by the Chief        Executive Officer or the Chief Financial Officer.

The Disclosure Committee will meet regularly to carry out its          responsibilities. The Disclosure Committee shall consist of the Chief          Executive Officer, Chief Financial Officer, Chief Operating Officer,          Director of Corporate Communications and such other person(s) as the          Chief Executive Officer or the Chief Financial Officer may from time          to time designate. The current members are listed on Exhibit 1 to this          Policy Statement.

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- Disclosure Coordinator

The Chief Executive Officer and Chief Financial Officer shall          jointly designate, from among the members of the Disclosure Committee,          a Disclosure Coordinator who shall be responsible for:
- coordinating the activities of the Disclosure Committee; 
- working with our various departments from which information        considered for public disclosure is gathered to ensure that disclosure        controls and procedures are properly documented, communicated,        implemented and enforced; 
- performing such other tasks as may be identified by the Chief        Executive Officer, Chief Financial Officer and Disclosure Committee.

The current Disclosure Coordinator is identified on Exhibit 1 to          this Policy Statement.
Guidelines for Corporate Disclosure  
- Confidentiality    Because premature disclosure of confidential information, whether or      not inadvertent, could trigger a duty to publicly disclose such      information, it is the Company's policy that information about the Company      and its business should remain confidential until such time as the Company      is prepared to disclose it publicly. Accordingly, the Company's directors,      executive officers and employees should not discuss nonpublic Company      matters or developments relating to the Company with anyone outside of the      Company (including family members and friends) except as required in the      performance of such person's regular employment or, in the case of our      directors, their fiduciary duties. Similarly, all such persons should      refrain from discussing our affairs in public or quasi-public areas where      conversations may be overheard (for example, airplanes, restaurants, and      elevators).  To ensure consistency in the application of this Disclosure Policy, it      is the Company's policy that, unless otherwise specified in this Policy      Statement or as authorized by the Disclosure Committee, any public      communication on the Company's behalf shall be made by authorized Company      Spokespersons (as defined below).
-6-Categories of People Covered by Regulation FD

On August 10, 2002, the United States Securities and Exchange          Commission adopted Regulation FD with the intention of limiting the          selective disclosure of material, nonpublic information to securities          analysts and others. Because Regulation FD places special          responsibilities on certain categories of individuals or otherwise          treats them specially, for convenience this Policy Statement will use          certain defined terms to refer to these categories, as follows:

- "Market Professionals or Stockholders" - Regulation FD applies          special rules to communications with certain categories of individuals          referred to in this Policy Statement as "Market Professionals or          Stockholders." These include:

- Broker/dealers and their associated persons, including sell-side            analysts, 
- Investment advisors, institutional investment managers, hedge            funds, and their associated persons, including buy-side analysts, 
- Investment companies (mutual funds) and their affiliated            persons, and 
- Any stockholder or other holder of the issuer's securities.

- "Senior Officials" - Regulation FD defines "Senior Officials" to          mean any director, executive officer, investor relations or public          relations officer or other person with similar functions. The          individuals who currently are our Senior Officials are listed on          Exhibit 1 to this Policy Statement. The definition of Senior Official          is important principally because all Senior Officials are deemed to be          "FD Persons" (see below). 
- "FD Persons" - Regulation FD imposes special responsibilities on          any "person acting on behalf of an issuer." Regulation FD defines          "person acting on behalf of an issuer" to mean any Senior Official or          any other officer, employee or agent of the issuer who regularly          communicates with Market Professionals or Stockholders. Such persons          may include individuals at an outside public relations or investor          relations firm. This Policy Statement refers to anyone who falls          within this definition as an "FD Person." The individuals who          currently are FD Persons (in addition to our Senor Officials) are          listed on Exhibit 1 to this Policy Statement. NO person who is not an          FD Person is authorized to perform the functions of an FD Person. 

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- "Spokespersons" - Not all FD Persons ordinarily will be called          upon to communicate with securities analysts, institutional investors          or representatives of the media. The individuals who ordinarily will          be called upon to perform these functions are listed on Exhibit 1. In          this Policy Statement, we refer to these individuals as our          "Spokespersons."

Material Information

An important focus on the federal securities laws is on the          disclosure of material information. Information is material **if          there is a substantial likelihood that a reasonable investor would          consider it important in making an investment decision, or if it would          significantly alter the total mix of information available to          investors.** In Regulation FD, the SEC provided a nonexclusive list          illustrating the types of information or events that the SEC believes          must be reviewed carefully to determine whether they are material,          including:
- Earnings information; 
- Mergers, acquisitions, tender offers, joint ventures, or changes in        assets; 
- New products and discoveries; 
- Developments regarding customers or suppliers (such as the        acquisition or loss of a contract); 
- Changes in control or in management; 
- Changes in outside auditor or notification by the auditor that the        issuer may no longer rely on an auditor's report; 
- Events regarding the issuer's securities, for example, defaults on        senior securities, calls of securities for redemption, repurchase plans,        stock splits or changes in dividends, changes to the rights of security        holders and public or private sales of additional securities; and 
- Bankruptcies or receiverships.

The SEC has made clear in another recent release that there are no          numerical thresholds that may be used to determine whether information          is material. For example, there is no "rule of thumb" that a          development that has less than a 5% effect on net income is immaterial          *per se*. Materiality must be evaluated by reference to all the          relevant circumstances. In this regard, potential market sensitivity          to the information is a key consideration.

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- Materiality Determinations by Disclosure Committee

Whenever questions arise about whether information constitutes          material non-public information, the Company's FD Persons will confer          with the Disclosure Coordinator. The Disclosure Coordinator, in turn,          may elect to confer with other members of the Disclosure Committee or          to call a meeting of the Disclosure Committee if he or she believes it          is appropriate. The Disclosure Coordinator or any Disclosure Committee          members also may elect to consult with outside counsel, if necessary.
- Updating Lists of Senior Officials, FD People, and Spokespersons

The Disclosure Coordinators (or designees) will be responsible for          periodically updating the lists of individuals, such as Senior          Officials, FD Persons and Spokespersons appearing on Exhibit 1.
- Dealing with Market Professionals, Stockholders and Other Inquiries
- Guidance   To promote compliance with Regulation FD, **it is the Company's        policy not to provide formal or informal guidance, whether direct or        indirect, to Market Professionals or Stockholders with respect to        earnings or other material financial projections except as part of        regular, quarterly press releases and subsequent conference calls. **Meetings, Telephone Calls or Other Communications with Market        Professionals and Stockholders. 
FD Persons will seek **never to disclose material non-public        information in meetings, telephone calls or other communications with        Market Professionals or Stockholders.** Participants in such meetings        or telephone calls will include one or more of the Spokespersons,        whenever possible. During these conferences, our representatives may        present historical information in an organized manner, such as in        graphical form, to illustrate trends in our business or in the industry        in general. Company representatives also may provide immaterial        background information to help Market Professionals or Stockholders fill        in elements of a "mosaic" of information, but they should seek never to        provide material non-public forward-looking information, particularly        financial projections, during any such meeting or other communication.        While these Guidelines do not prohibit exchanges of e-mail        correspondence with Market Professionals or Stockholders, FD Persons        should exercise particular caution in interacting with Market        Professionals and Stockholders through e-mail. 
-9-- Analyst Models and Reports   Upon request by a Market Professional or Stockholder, a Spokesperson        may elect to review drafts of analysts' models or reports. It is the        Company's policy, however, not to comment on analysts' projections or        their statements and conclusions about us, other than to correct factual        errors by reference to information already in the public domain. In        addition, no officer should allow himself or herself to be quoted in an        analyst report. Absent unusual circumstances, the Company does not        distribute copies of analyst reports to stockholders or others as part        of investor relations kits. If the Disclosure Committee should determine        to make an exception to his policy, care should be taken to include a        full spectrum of opinions from a broad range of analysts and appropriate        disclaimers of the content of the analysts' reports. Site Visits 
While Company officers may from time-to-time make "road show" style        presentations to Market Professionals or Stockholders, it is Company        policy to seek never to disclose material non-public information during        these meetings. Investment Bank Sponsored Conferences and Road Shows        
As with one-on-one meetings with Market Professionals or        Stockholders, FD Persons must proceed with great caution at investor        conferences, such as those sponsored by investment banks, and on road        shows. Such representatives should apply the same disclosure guidelines        to these meetings that they would to one-on-one meetings with Market        Professionals or Stockholders. Trade Shows 
Although the target audience at trade shows generally does not        include Market Professionals or Stockholders, the Company nevertheless        requires participants in trade shows to comply with these Guidelines. In        particular, it is the Company's policy not to disclose material        non-public information at trade shows. To confirm that participants in        such trade shows understand and abide by these Guidelines with respect        to disclosure of material information, the members of the Disclosure        Committee will take such steps as they deem appropriate in the        circumstances to ensure that supervisors, as appropriate, are familiar        with these Guidelines. In addition, press releases will be issued to        announce new collaborations or other material developments prior to or        concurrently with any disclosure at a trade show. 
-10-- The Press

The Company has a policy of not disclosing material non-public              information to individual representatives of the press without              first issuing a press release or otherwise making a broadly              disseminated announcement. However, it is permissible to disclose              material information to members of the press who have agreed              (orally or in writing) to keep the information confidential while              they are preparing an article and until such time as the              information can be broadly publicized. It is also permissible to              disclose material information to publication (such as *The Wall              Street Journal*) that can assure broad dissemination of the              information. Contracts with the news media should be only by one              or more of Spokespersons, whenever possible.
Earnings Announcements and Conference Calls
- Earnings Announcement and Quarterly Outlook   Following the end of each quarter, the Company will issue a press        release to report results of operations for that quarter and to provide        quarter-to-quarter and period-to-period comparisons. The Company will        generally issue this release two to four weeks following the end of the        quarter. In the event that such release contains projected financial        information, each discussion of these projections will contain        appropriate disclosure indicating that the projections are based on        current expectations and that actual results may cause results to differ        and a reference to appropriate risk factor disclosure in a recently        filed SEC report, such as a Form 10-K or Form 10-Q, and will not state        or imply that we have a duty to disclose or update projections in the        future. Quarterly Conference Calls/Webcasts 
Shortly after issuance of its quarterly earnings release, the Company        may make a presentation about the results of operations for that quarter        on a conference call and/or webcast. Absent unusual circumstances, each        conference call or webcast will begin with prepared remarks by        Spokespersons, including a reference to filed risk factor disclosure.
Absent unusual circumstances, each such call will be open to        securities analysts, stockholders, the media and other interested        parties. The Company will announce the date and time of the call on its        Web site and in a press release inviting anyone who may be interested to        listen to the call or have access to the call via the Internet (or        otherwise provide at least two business days advance notice to the        public of the time and date of the call, with instructions as to how to        access the call). The release or notice will provide dial-in        instructions and/or a web site address for the call. Although anyone who        may be interested will be permitted to listen to the call, the Company        may choose to permit only securities analysts or other designated        individuals to ask questions during the question and answer period. 
-11-- Blackout Periods   Absent unusual circumstances, the Company will not discuss with        Market Professionals or Stockholders or otherwise comment on our        financial or business performance or prospects during the period        beginning seven days before the end of the quarter and ending after the        quarterly conference call. If circumstances are such that it is        appropriate to comment on such matters during this period, the Company        will do so only by way of a press release, as contemplated below. Pre-Release

In some circumstances, it may be desirable for the Company to              provide information regarding expected financial or business              performance (such as information regarding expectations for              revenues and net income for the quarter) before the Company is              prepared to issue its quarterly earnings release. For example,              such a release might be appropriate when there is a concern that              materially positive or negative news may have leaked, or for other              reasons. The determination whether to pre-release information              about a quarter and what information to include in such a release              must be made on a case-by-case basis and will be made by members              of the Disclosure Committee, who may seek the advice of outside              counsel at their discretion.
Disclosure in Periodic SEC Filings 
The Company's policy is to include detailed disclosure in the quarterly      "Management's Discussion and Analysis" ("MD&A") section of its 10-Qs and      10-Ks filed with the SEC that generally covers all material facts and      other historical topics that the Company has covered in its quarterly      conference calls, or that the Company expects to cover in private      discussions with investors and analysts. The Company will also endeavor to      include in the MD&A a detailed discussion of known trends and      uncertainties affecting the Company's business (subject to risk factor      disclosure). In addition to providing investors with additional historical      and forward-looking information regarding Company business, this approach      will increase flexibility in communicating with Market Professionals and      Stockholders in accordance with the guidelines in Section IV.B above.
-12-Inadvertent Disclosures

The Company recognizes the possibility of inadvertent disclosure of          material non-public information, such as in an informal meeting with a          Market Professional or Stockholder. It is the Company's policy to          promptly disclose through a press release or through a filing on Form          8-K with the SEC any material non-public information inadvertently          disclosed by an FD Person to a Market Professional or Stockholder.          Accordingly, when a Senior Official becomes aware of a potential          inadvertent disclosure of non-public information that may be material,          he or she should confer with the Disclosure Coordinators to determine          whether the information is material in accordance with the procedures          set forth in Section IV.C of this Policy Statement. If the information          is determined to be material, the Disclosure Coordinators, in          consultation with the members of the Disclosure Committee if          appropriate, will determine the appropriate manner of disclosing the          information and also may elect to confer with outside counsel in          making this determination. Regardless of the means used to make the          disclosure, the material information will be disseminated before the          later of (i) 24 hours from the Senior Official becoming aware of the          disclosure or (ii) the next opening of trading of the Company's common          stock following the Senior Official's becoming aware of the          disclosure.

 

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