RENO, Nev., April 10, 2013 /PRNewswire/ -- Global Equity
International Inc. (OTCQB: GEQU), a specialist consultancy firm
based in Dubai and London, has signed new consultancy contract
with Innoveas AG (http://www.innoveas.com/), a Central European
company, bringing in a new long term client to the Company.
The contract states that Global Equity Partners Plc., a fully owned
subsidiary and the operational arm of GEQU, will consult with
Innoveas A.G. to assist them explore the proposition of seeking a
public listing on the NASDAQ Dubai stock exchange.
The Innoveas business is to create a valuable portfolio of
high-tech start-up companies based on a stable and steady deal
flow. Innoveas aims at a balanced weighting of technologies
and branches in their portfolio. Of particular importance are
businesses (business ideas) which qualify for a successful
commercialisation of big future demands.
Innoveas currently participates in the ownership of ten
companies, five of them are in the healthcare and biomedical space
and the five companies are focused on the physical sciences and
engineering space; all of them offer tremendous growth potential.
The Innoveas portfolio is broadly diversified and they are
currently targeting at least a portfolio of 40 ventures. The
existence of a strong IP position favours a positive decision for
investment.
The initial R&D investments are mainly sponsored by the most
prestigious universities in Germany. Innoveas is mandated by these
universities and renowned academic institutions to assess in
laboratory developments via 35 scientists and they have
preferential access to untapped university research.
Innoveas have a unique funding model, for every Euro or Dollar
of private money invested in the Company Innoveas raises the
equivalent amount directly from the German government.
Global Equity Partners Plc., the wholly owned subsidiary of
GEQU, will explore the opportunities available to the company
within the Middle East and seek to
investigate the viability of an IPO on Nasdaq Dubai and the
expansion of the business into Universities in the Middle East.
Peter Smith, CEO of Global Equity
International Inc., stated, "The business model of Innoveas is
an excellent deal flow engine for IO based technology companies,
their access to the Universities is unheard of and they have a good
balance sheet to be starting with, we are excited about the
possibilities for the company both in Dubai and the wider Middle Eastern
areas."
SAFE HARBOR
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 not
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:
Enzo Taddei – CFO &
Director
Tel + 321 200 0142
Email: enzo@gepartnersplc.com
SOURCE Global Equity International Inc.