DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - Mar 21, 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 (and a
presence in Frankfurt, Germany), filed SEC form 8-k on March
18, 2016. The comprehensive letter provides shareholders with
a full update of the Company's activities in 2015 and an outline of
activities that will be to strategically grow the Company for the
long term.
Highlights Include:
- Fifteen (15) clients under contract that
we, management, deemed to be active and are either seeking a
listing on a recognized stock exchange or seeking funding for
acquisition and growth.
The development of "The Introducer Network" to
advance interest in all our services in the Middle East, South East
Asia, Europe and the U.S.
Planned expansion in Dubai and South East
Asia.
Planned opening of an office is the United
States.
Expanding Global Equity International's Merger and
Acquisition Activities worldwide.
Embark on an international series of business "Road
Shows."
Review and expand all business
offering for current and future clients.
As of December 31, 2015, the
Company increased its investments to
$2,650,471; this represented an increase of
882% compared to the Company's balance sheet at
December 31, 2014.
The Company had revenues amounting to
$3,313,356 and $515,000, for the years ended December
31, 2015 and 2014, respectively. This represents
an increase of $2,798,356 or an increase
of more than 5 times (543%).
The Company had a net income or profit from
operations of $1,443,142 during
the year ended December 31, 2015 as opposed to the $(876,743) loss
from operations of during the year ended December 31, 2014. This
represents an increase in operating
income of 265%.
The net income for the year ended December 31, 2015 was $247,434 as
opposed to the net loss of $(2,222,129) for the year ended December
31, 2014. This represents a $2,469,563
increase when comparing both year ends.
The Company had positive Shareholders
Equity at December 31, 2015.
-
Peter Smith, CEO of Global Equity International
Inc., stated, "The 2015 financial statements have
justified the hard work and effort we put into the year ended
December 31, 2015. The cleanup and expansion we endured last year
has laid firm foundations for the coming months and years
ahead. We anticipated Q1 of 2106 being the start of the
execution process, and that process is firmly under way with a
number of our clients old and new; however, at times we have to
face and deal with delays and issues beyond our control that have
pushed those transactions into Q2 of 2016. There is a wave of
excitement running through our Company right now, as we start to
witness companies we have been working with for a long time, some
for a number of years, finally starting to blossom into the
business they always wanted to become. As shareholders in each and
every company we work with their success becoming our success and
this next quarter will probably be the most exciting quarter to
date for our wonderful Company with a number of transactions
hitting the home straight."
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 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.