DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - Sep 11, 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 this
week they have secured a long-term partnership agreement with its
Sri Lankan counterparty -- Yenom (Pvt.) Ltd.
(http://www.yenomasia.com/)
("Yenom").
With GEP and Yenom's partnership, the availability of newly
qualified deal flow to the Middle Eastern & European investors,
and likewise the availability of new funds to small and medium
sized South Asian corporates, will commence.
The relationship will see GEP and Yenom working in tandem on
transactions originating from the extensive contact base Yenom
already has in the region, where Yenom will use GEP as the
exclusive partner for listings on various international stock
exchanges, capital raising, and also corporate advice. The
relationship gives GEP a firm footing in Sri Lanka and India and a
respected, credible team of professionals to deal with, along with
a pipeline of potential transactions Yenom have been cultivating
for many years.
Peter Smith, CEO of Global Equity International Inc.,
said, "We have been talking to Yenom and its
management for some time and engaged, in 2014, with our mutual
client Duo Software Limited (now acquired by Duo World Inc., a
proprietary software company independently valued by Ernest &
Young at 318 million USD). Yenom have their fingers firmly on the
pulse of Sri Lanka and the surrounding markets and also have an
excellent reputation in their field. The partnership we have agreed
on this week in Colombo (Sri Lanka) is one that will last for a
very long time and will see new, innovative and exciting companies
being presented to GEP for consideration for our services. We are
thrilled with the formalization of the partnership and see
tremendous potential in both the relationship and Sri Lanka and
also India, as markets for GEP. Sri Lanka is a true emerging market
that has worked hard to steady its economy and attract external
investment. We are looking forward to working on our next
transactions coming from Yenom as we start to analyze and examine
the potential pipeline of transactions. This partnership extends
the reach of GEP and Yenom even further into a wonderful market
with a great team. We anticipate seeking out further partnerships
in other locations to complete the offering of a true global
boutique providing huge cross location opportunities."
Gregory Scott Newsome, Co-Founder & Director of Yenom
(Pvt.) Limited, commented, "We all at Yenom are very happy
about our newly forged partnership with the Global Equity Partners
team. GEP's like-minded management style made this an easy fit. We
are excited about expanding our solutions offered as well as
offering additional capital to our local clients in a more
streamlined process. Today, South East Asian small and medium sized
corporates have limited access to investment funds and products.
Through our partnership with GEP, we plan to help remedy this
problem by highlighting these companies and introducing them to our
extensive investment audience. There are numerous local and
regional companies that have the potential to become global
companies if provided access to the necessary support. Connecting
our experienced teams with footholds in Dubai, London, and Sri
Lanka will allow corporates faster accessibility with access to a
larger pool of investment funds."
About Yenom Pvt LTD
Yenom was co-founded by Gregory Scott Newsome and Kosala
Heengama. The company prides itself in solving complex business
problems with creative, cost-effective solutions working with its
high-net-worth individuals, companies, foreign investment fund
managers, and local and national governments. They have extensive
experience in many aspects of the financial and technology sectors
from both local and global perspectives. Their emphasis on
long-term client relationships allows them to grow and expand their
services based on their client's future requirements. The Sir
Lankan office not only extends their client's reach into the South
Asian markets but also expands areas of service into systems based
technology to include software architecture, development, and
security. Yenom's current focus is on investing and advice in
innovative technology companies that have high growth potential.
Website: http://www.yenomasia.com/
About Sri Lanka
Sri Lanka is currently undergoing rapid economic expansion in
many ways with complete economic stability, government investment
in infrastructure and a wider public awareness of the country as an
emerging market that is going places. Forbes recently produced an
article on 10 reasons to invest in the country and interestingly
Sri Lanka's gross national income (GNI) per capita outpaced that of
all other South Asian developing countries at US$3,170 in 2013; the
average for other developing South Asian countries in 2013 was
US$1,473.
The Sri Lankan Government has declared two priorities that are
influencing the country's growth:
a) Attracting foreign direct investment (FDI)
b) Expanding the economy into the manufacturing, data and
financial industries.
Additionally, foreign investors can now move their profits out
of the country without any onerous controls or procedures. These
actions resulted in the country attracting US$1.3 billion in FDI in
2013; that number doubled to US$2.4 billion in 2014.
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 can 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. Related websites: http://gepartnersplc.com and http://globalequityinternational.com/
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 that could cause actual results to
differ materially from the forward-looking statements. Such
statements 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, that may
affect forward-looking statements. The company assumes no duty to
update its forward-looking statements.