DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - Sep 21, 2015)
- Global Equity International,
Inc. (OTCQB: GEQU)
and its fully owned subsidiary Global Equity Partners
Plc. ("GEP"), a specialist consultancy firm with
offices located in Dubai and London, is pleased to announce that it
has agreed to terms with International FIM
SRL, a reputable Italian automotive parts
manufacturer based in Bergamo (Milan, Italy).
International FIM has a 17,000 square meter (153,000 square
feet) factory located in Bergamo (Milan, Italy) just 100 miles
north of Maranello (Modena), where Ferrari has its headquarters,
and employs over 180 people that manufacture automotive parts such
as engine covers, front grills, wheel caps, emblems for the front
hood, decorative emblems, airbag emblems, door emblems, instrument
panels and chrome parts for the interior and exterior of cars,
along with many more items.
The Company, previously called Lupini Targhe SPA, has been in
operations since the 1960s and has an impressive client list that
varies from luxury brand names such as Lamborghini, Ferrari,
Maserati, Porsche and Bentley to more common brand names such as
General Motors, Ford, Alfa Romeo, Jaguar, Land Rover, BMW,
Volkswagen, Fiat (Abarth), Audi, Skoda and many more.
Geographically, the Company sells approximately 75% of its
products to European car manufacturers, 20% to US markets, and 5%
to Asian and South American manufacturers.
Our mandate is to introduce International FIM SRL to capital
funding of up to, but not limited to, 8,000,000 Euros
(approximately 9 million USD) and subsequently assist the Company
with their rapid expansion plan in the automotive parts
manufacturing sector. For this we have agreed with International
FIM on an equity and cash success fee.
Peter Smith, CEO of GEP, said, "We at
GEP believe that a quality client such as International FIM SRL
with such an impressive client base and a long established business
history will bring a plethora of value to our Company´s profile. We
are confident that we can introduce International FIM to the
appropriate funding that they require within the next 90 days
through our vast network of financial institutions, hedge funds,
wealth management offices and Sovereign wealth family offices in
Europe and the Middle East."
Romeo Belloli, CEO of International FIM SRL,
said, "We are extremely happy to have engaged
with GEP as we have many expansion plans that we are looking to
implement in the near future. We believe that partners such as GEP
will bring a wealth of knowledge and opportunities to our company´s
growth plans."
About Global Equity International Inc.
Global Equity International Inc., through its wholly owned
subsidiary Global Equity Partners Plc., advises worldwide business
leaders with their most critical decisions and opportunities
pertaining to growth, capital needs, structure and the development
of a global presence. With offices in Dubai and London, Global
Equity has developed significant relationships in the US, UK,
Central Europe, the Middle East and South East Asia to assist
clients in realizing their full value and potential by bringing
them to external capital and resources that place an emphasis on
collaborative thinking. Furthermore, because Global Equity has
offices in key financial centers of the world, they are able to
introduce their clients to a unique opportunity of listing their
shares on any one of the many stock exchanges worldwide. Global
Equity Partners holds significant long-term equity positions in the
companies that it represents.
Safe Harbour Statement
This press release may include forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements related to anticipated revenues,
expenses, earnings, operating cash flows, the outlook for markets
and the demand for products. Forward-looking statements are no
guarantees of future performance and are inherently subject to
uncertainties and other factors which could cause actual results to
differ materially from the forward-looking statements. Such
statements are based upon, among other things, assumptions made by,
and information currently available to, management, including
management's own knowledge and assessment of the Company's industry
and competition. The Company refers interested persons to its most
recent Annual Report on Form 10-K and its other SEC filings for a
description of additional uncertainties and factors, which may
affect forward-looking statements. The company assumes no duty to
update its forward-looking statements.