DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - Oct 9, 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
their client International FIM SRL, a
reputable Italian automotive parts manufacturer based in Bergamo
(Milan, Italy), has now signed a $7 million term sheet subject to
due diligence with Veterans Capital Corp. based in Naples,
Florida.
Peter Smith, CEO of GEP, said, "Our
mandate, as previously mentioned in an earlier press release, was
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. We are truly ecstatic
about having found them their first term sheet for an initial $7
million as this funding will be mutually beneficial to
International FIM and, by defect, our Company (GEQU)
too."
About International FIM SRL
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, previous called Lupini Targhe SPA, has been in
operations since the 1960's 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 the
rest, 5% to Asian and South American manufacturers.
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 centres 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.
About Veterans Capital Corp.
Veterans Capital Corp. (http://www.vetcapcorp.com/) is a specialty
finance company providing quality financial and leasing services to
all types of business clients. We are committed to providing a
sound financial alternative to traditional bank financing with
competitive cost effective leasing and commercial loan solutions.
Veterans Capital and its investment partners nationwide understand
the value of long term relationships, building loyalty and making a
commitment to its valued customers.
We have provided lease lines of credit for early stage and
emerging growth companies, helped companies wanting to do business
with various government agencies, provided commercial loans, sale/
leaseback arrangements and worked as a valued facilitator for large
real estate and project finance transactions as well as financed
private movie films both in the US and Europe.
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.