Majestic Wealth Ltd. has secured a luxury resort development
project in Cyprus. The project benefits from approved planning
permits and licensing, construction is already underway, and
consists of three hundred luxury villas, a five star luxury hotel
and amenities. Also, Majestic Wealth Ltd. has secured an
additional beach resort, again with planning and construction
underway, for a five star four hundred-suite luxury hotel in
Paphos, a coastal resort and town on the Island of Cyprus in
the Eastern Mediterranean. Paphos is European City of Culture
2017.
As a result of this engagement with Majestic Wealth Ltd., our
subsidiary, Global Equity Partners Plc., subsequently
partnered up with The Billbarter Group (https://www.billbarter.com/), in particular,
with Billbarter Hungaria Zrt., and agreed to share the
contractually agreed cash success commissions on a 50/50 basis. The
Billbarter Group had revenues, last year, amounting to 74 Million
Euros. The company is a fully integrated business that started in
Eastern Europe, Hungary, and then expanded to Slovakia, Serbia and
Romania. The Billbarter Group currently has more than 25,000
business clients and handles circa Eight Billion Euros worth of
projects.
Partick Dolan, Managing Director of Global Equity
International Inc. said, "The country of Cyprus
has an advanced high income economy and is a member of the
European Union and Eurozone. Cyprus is an extremely popular holiday
destination for European, Russian, Chinese and Arab tourists and
has a thriving banking industry. The Resort infrastructure and six
show villas have already been constructed, and the Majestic Wealth
management are already in advanced negotiations with two highly
recognised and globally renowned luxury hotel groups
to manage the resorts on long term contracts. We, Global Equity
Partners, are delighted to be retained to assist in sourcing and
raising the required capital in order to complete the construction
of these significant resorts and hotels in one of Europe's most
popular tourist destinations."
John Vakis, CEO of Majestic Wealth Limited
said, "I am delighted to be able to continue and
expand my working relationship with Global Equity Partners Plc.,
especially after having proven their capacity to source and
introduce VT Hydrocarbons to capital funding. I look forward to
continued success with GEP´s management. The Luxury Cyprus
Resort Projects, in particular, are pivotal for the Cypriot tourism
industry and will contribute significantly to the high end tourist
market in Cyprus."
About Global Equity International Inc. & Global
Equity Partners Plc.
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.
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.