DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - Apr 20, 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
excited to announce that Sov Gulf Partners Limited (www.sovereigngulf.com), a leading advisory and
corporate finance firm based in Dubai, were formally appointed by
GEP to assist with sourcing up to US$230 million of capital funding
for its client Deutsche Oel & Gas S.A. (www.deutsche-oel-gas.com/), a producing Oil and
Gas company with offices in Germany and various other parts of the
world.
The capital funding required by our client, Deutsche Oel &
Gas S.A., will allow the company to increase its already existing
production and also realize substantial value in its South Alaskan
assets located in the Cook Inlet.
On April 10, 2016, Global Equity Partners Plc. was formally
engaged and contractually agreed with Deutsche Oel & Gas S.A.,
a cash success fee between 4% and 5% of the total capital funding
sourced.
Peter Smith, CEO of Global Equity International Inc.,
said, "We looked for a substantial partner for
this transaction in order to be able to source the funding in a
timely manner and work efficiently. Deutsche Oel & Gas SA is a
gas producing company who receive much higher tariffs from the
Alaskan energy utility companies via a contractual arrangement that
came into force in 2015. The tariff received is multiple times
higher than the standard gas price making this a very commercially
viable project. In engaging with Sov Gulf Partners we have included
one of our premier partners who have an excellent pedigree in
structured finance. This joint venture operation should see us
accelerating the time from contract to close to the satisfaction of
all involved."
Interesting videos and information regarding Deutsche
Oel & Gas SA.
https://www.youtube.com/channel/UCLSvktt5-XFOJHcD4EzrfCQ
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 International Inc., through its wholly-owned subsidiary
Global Equity Partners Plc., holds significant long-term equity
positions in the companies that it represents.
About Sov Gulf Partners Limited.
The Company's principals have over 25 years' experience in
Investment Banking and have built divisions for major banks. Their
expertise covers international markets such as the United Kingdom,
US, Europe, Japan, the Middle East as well as Emerging Markets.
Sov Gulf Partners Limited advises international clients that are
seeking capital, to tailor their offering to fit with the
requirements of institutional investors.
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.