8-K, 2000-09-28
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                     Washington, D.C.  20549

                            FORM 8-K

         Current Report Pursuant to Section 13 or 15(d)
             of the Securities Exchange Act of 1934

  Date of Report (date of event reported):  September 27, 2000.

                    COMET TECHNOLOGIES, INC.
      (Exact name of registrant as specified in its charter)

                   Commission File No. 0-26059

                NEVADA                         87-0430322
   (State or other jurisdiction of          (I.R.S. Employer
    incorporation or organization)         Identification No.)

     10 West 100 South, Suite 610
         Salt Lake City, Utah                     84101
   (Address of principal executive             (Zip Code)

         Registrant's Telephone Number:  (801) 532-7851

                         Not Applicable
      (Former name, former address and former fiscal year,
                  if changed since last report)


                      ITEM 5.  OTHER EVENTS

     On or about September 28, 2000, the following press release
was mailed to each of the stockholders of record of Comet
Technologies, Inc.


                          PRESS RELEASE


SALT LAKE CITY, September 27, 2000

SE  Global  Equities  Company Limited  ("SEG",  a  subsidiary  of
Capital  Alliance  Group  Inc.)  and  COMET  Technologies,   Inc.
("COMET") are pleased to announce that they have signed a  letter
of  intent outlining a proposed merger between the two companies.
COMET  is a fully reporting company, which is listed on the  NASD

SEG  is  a  premier  financial  Internet  portal,  which  enables
investors  to trade stocks on-line, 24 hours a day, at discounted
rates  on  stock exchanges around the globe.  SEG is  building  a
network of over 100 reputable brokerage firms, which will provide
investors   with  direct  access  to  over  50  of  the   world's
established and emerging stock exchanges.

SEG   has   received  strong  interest  from  the   international
investment community for the creation of a public market for  its
shares.   Gaining  a  US listing through the merger  with  COMET,
anticipated to take place during the last quarter of  2000,  will
significantly  enhance SEG's efforts to broaden its international
investor  base and accelerate its plans for a further listing  on
other  senior  US and Asian exchanges.  To date SEG has  received
paid  in  capital of over US $5 million and is currently  in  the
process  of  completing additional private placements.  SEG  will
vend all of its assets into the new merged company.

Following this US listing, the merged company intends to obtain a
dual  listing  in  Hong Kong during the first  quarter  of  2001,
followed  by  a  further  listing  in  Europe.   Prior   to   its
commencement  of trading in Asia, the new company  will  seek  to
raise   additional  capital  for  its  operations  through  SEG's
sponsors - Tai Fook and ICEA Capital Limited.  Tai Fook is one of
the  top  securities brokerage firms in Hong Kong.  ICEA  Capital
Limited  is a subsidiary of Industrial Commercial Bank of  China,
the  largest bank in China with 36,000 branches.  In  1998,  ICEA
was  ranked as the third largest bank in the world. This  new  US
listing  will be an important first step in a coordinated  effort
to  create  liquidity  in  the North  American  equities  market,
followed by Asian and European markets.

Prior  to  the merger, COMET will re-capitalize so that following
the  merger  the total issued and outstanding shares of  the  new
company  will be approximately 11.9 million shares. At that  time
Capital  Alliance Group will hold approximately  9.5  million  of
these  shares. SEG will also appoint eight directors to the board
replacing all of COMET's existing board.

Mr.  Toby  Chu, SEG's President and CEO states, "We  are  excited
about what this merger does for us in accelerating our plans  for
creating  a  public market in North America, Asia and Europe  for
SEG.  Immediately  following this merger, we  will  commence  the
process  for  advancing  to  a senior  US  exchange.   Given  the
feedback   we   have  received  from  our  initial  institutional
presentations, we believe that by taking SEG public now  it  will
allow  us  to capitalize on the opportunities before  us  and  to
accelerate the process of enhancing shareholder value."

This merger is subject to due diligence review by both parties,
the negotiation and execution of definitive agreements, and
approval of SEG's and Comet's boards of directors and
shareholders, if necessary, as well as the applicable Canadian
and U.S. regulatory agencies.

               10 West 100 South, Suite 610
               Salt Lake City, Utah  84101
               (801) 532-7851

The  Private  Securities Litigation Reform Act of 1995  (``Act'')
provides  a safe harbor for forward-looking information  made  on
behalf of the Company.  All statements, other than statements  of
historical  facts  which  address the Company's  expectations  of
sources of capital or which express the Company's expectation for
the future with respect to acquisitions, financial performance or
operating   strategies,  can  be  identified  as  forward-looking
statements.   Such statements made by the Company  are  based  on
knowledge of the environment in which it operates, but because of
the  factors  previously listed, as well as other factors  beyond
the  control of the Company, actual results may differ materially
from   the   expectations   expressed  in   the   forward-looking



     Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, the Registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly

                              COMET TECHNOLOGIES, INC.

Date: September 27, 2000      By: /s/ Jack Gertino, Secretary/Treasurer


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