SOURCE: Global Equity International Inc.

Global Equity International Inc.

 

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.

 

 

CONTACT INFORMATION

 

Contact details:
Mr. Peter James Smith

Director and officer of Global Equity International Inc.
Tel.Dubai + 971 (0) 42767576
Email: peter@gepartnersplc.com

Mr. Enzo Taddei
Director and officer of Global Equity International Inc.
Tel. US (321) 200-0142
Email: enzo@gepartnersplc.com

 

 

 

 

 

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