DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - May 26, 2016)
- Global Equity International,
Inc. (OTCQB: GEQU) and
its fully-owned subsidiary Global Equity Partners
Plc. ("GEP" -- www.gepartnersplc.com), a specialist
consultancy firm with offices located in Dubai and London, are
extremely excited to announce it has finalized the corporate
restructuring of its client Quartal Financial
Solutions A.G. ("Quartal" / "Company"
-- http://www.quartalfs.com/en/home), a Zurich,
Switzerland based Financial Technology Company.
On November 30, 2015, we were engaged by Quartal Financial
Solutions A.G. In January 2016, we commenced the Company´s
corporate restructuring and reverse capitalization. Towards the end
of March of 2016, the Swiss company became a fully owned subsidiary
of Quartal Financial Solutions Inc., a Nevada Holding
Corporation.
The corporate restructuring and reverse capitalization was
carried out via a share exchange between the two companies whereby
it was contractually agreed that 58,485 common shares of Quartal
Financial Solutions A.G. were to be exchanged for 5,848,450 common
shares of Quartal Financial Solutions Inc. at $2.14 per share.
As a result of the reverse capitalization, Global Equity
Partners Plc. agreed to exchange its 2,271 common shares of Quartal
Financial Solutions A.G. for a total of 227,100 common shares of
Quartal Financial Solutions Inc. Under the terms and conditions of
our contractual agreement, these common shares carry Registration
Rights when the company lists its shares on a Public Stock
Exchange.
The Company is currently undergoing its PCAOB audits for the
years ended December 31, 2014 and December 31, 2015. In the
interim, with GEP´s assistance, the Company is actively seeking to
raise up to US$10 million, for growth and expansion, via a pre-IPO
private placement memorandum.
Peter J. Smith, CEO of Global Equity International Inc.,
said, "Once again, we continue to prove the
strength and validity of the business model that we have worked so
hard to fine-tune over the last few years. This milestone is just
one of many that we will see during the coming weeks, months and
years. I am very proud of each and every member of the GEP team, as
their perseverance and professionalism is second to none."
About Quartal Financial Solutions
Quartal Financial Solutions is a market
leading Financial Technology software company providing
specialized financial solutions to the global financial and
insurance industry. Their suite of products focus on complex
fee billing, revenue, commission, expense management and
sophisticated high end reporting for global asset managers,
banks, brokers, custodians, fund administrators, insurance
companies, transfer agents and capital market firms.
The Company was founded in 1999 and has established, over the
years, a clear market leadership in fee and commission management
by offering highly professional state of the art workflow-based,
STP-enabling software products that cover the regulatory,
functional and technical requirements for a touchless,
exception-based process. This solution paradigm shift is
significant and will support the constantly growing relationship
with their global blue chip client base including, but not limited
to, HSBC, UBS, Brown Brothers Harriman, Credit Suisse, Schroders
Investment Management, Societe General,
and Commerzbank. Quartal currently services more than 30
clients in 13 countries across Europe, the United States, and the
Asia-Pacific region. Headquartered in Zurich, Switzerland and with
offices in London and Frankfurt, the company is now perfectly
positioned to take advantage of its market leadership and its
expanding prospects pipeline to scale its operations globally into
the United States and the financial markets of Asia and
Australia.
About Global Equity International Inc. and its fully
owned subsidiary, Global Equity Partners Plc.
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.
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.