DUBAI, UNITED ARAB EMIRATES -- July 21, 2015 -- Global
Equity International Inc. (OTCQB: GEQU)
and its fully-owned subsidiary Global Equity Partners
Plc., a specialist consultancy firm with offices
located in Dubai and London is pleased to announce that it now only
has one convertible noteholder that is owed approximately $14,600.
The Company expects this noteholder to convert the last of the note
into equity sometime this week or early next week. Once this last
conversion into equity is complete, the Company will finally be
100% free of all toxic convertible debt and proceed to file a Form
8-K to that effect.
The Company also will file an amended Preliminary
Schedule 14C stating that it intends to raise the
authorized common shares to one billion common shares
instead of two billion common shares. The reason for the
amendment will be to ensure that the shareholders of the Company
fully understand the following:
1) The Company realized that the idea to raise the authorized
common shares to two billion was not entirely necessary.
2) The Company is looking at various possibilities of growth by
acquisition and/or certain strategic partnerships.
3) Company's management would like to convert the rest of their
notes into restricted common shares in order to help clean up the
unnecessary liabilities on the Company's balance sheet; hence,
allowing the Company to use all surplus cash for operations and
growth.
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 Harbor 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.