DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - May 18, 2016)
- Global Equity International,
Inc. (OTCQB: GEQU)
and its fully-owned subsidiary Global Equity Partners
Plc. ("Company" / "GEP" - www.gepartnersplc.com), a specialist
consultancy firm with offices located in Dubai and London, are
pleased to announce that GEP has been retained, to assist with
sourcing capital funding to up, but not limited to US$10 Million,
by a Norwegian based company called Unite Global
AS ("Company" - www.unite-global.com).
Unite Global AS owns technology that can disrupt the
monopolistic world of cross-border payments within the banking
system such as SWIFT. The Unite Global system can not only save
banks money but also allow banks to make instantaneous transfers
with 100% accounting accuracy. On average, banks have to pay $17
per wire transaction hence spending approximately US$203 million on
a daily basis. The disruptive technology owned by Unite Global can
save banks up to US$109 million a day. The Company is currently
negotiating with three partner banks that have a combined presence
in over 55 countries around the world. An additional three banks
will follow, bringing the presence up to 100+ countries. This Unite
Global system is fully licensed and the Company believes to have at
least a two year advantage over any new competitor. Unite Global
utilizes the latest in IT communication and IT security standards
compared to the complex SWIFT system. The Company´s goal is to
swiftly become the preferred solution for cross-border
payments.
Global Equity Partners Plc. received a non-refundable cash
retainer fee from Unite Global AS and has also agreed on a cash
success fee up to 6% on all capital funding raised. Finally, Unite
Global AS agreed that an equity success fee will be negotiated with
Global Equity Partners Plc. when the Company decides to list its
shares on a Public Stock Exchange.
Mr. Partick V. Dolan, Managing Director of Global Equity
International Inc., said, "For the past two years
Global Equity Partners have been approached by numerous financial
technology companies in the payment systems space. Unfortunately,
most were at an incomplete development stage or alternatively at a
complete development stage but with very little experience or in
depth understanding of payment processes. Additionally, a lot of
them were, by and large, unregulated. Unite Global AS, on the other
hand, has a completely developed and fully tested payment system in
the inter-bank payment arena and are negotiating with various
partner banks that will give the Company the global reach it
deserves. The Company is fully regulated by the Norwegian Financial
Services Authority. We have been in discussions with their highly
experienced and talented management team for some months now and we
are delighted to be retained by the management of Unite Global. In
our preliminary discussions with our investor partners, we found
that there was a serious appetite to invest in the Company and its
business model. We are confident that we will succeed in bringing
the next round of investment to a successful conclusion in the near
future and look forward to working with Unite Global´s management
team on their initial capital raise and also to assist the Company
with an IPO on a Public Stock Exchange at a later date."
Mr. Svante Bergström, Chairman of Unite Global AS,
said, "We are very satisfied with having entered
into an agreement with Global Equity Partners Plc. More so, based
on the overwhelming interest in our Company, that GEP have received
from their investor partners in the Middle East. It is important to
note that our capital raising is more for strategic than for
financial reasons. We look forward to a fruitful and successful
business relationship with Global Equity Partners."
About Global Equity International Inc. and its
subsidiary 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 a lot of the companies that it represents.
Checkout
GEQU on www.investorshangout.com
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.