DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - Oct 21, 2016)
- Global Equity International,
Inc. (OTCQB: GEQU) and its fully-owned
subsidiaries GEP Equity Holdings
Limited and Global Equity Partners
Plc. ("GEP" - www.gepartnersplc.com) a specialist consultancy
firm with offices located in Dubai and London, would like to
announce that the Board of Directors have firmly decided to
commence the process of acquiring Regulated Funds under Management
initially in the United Kingdom.
In common with the overall financial services sector, the micro
fund management market is undergoing significant changes. Our
Company would like to take advantage of these changes and acquire a
significant selection of International and United Kingdom based
Financial Advisory Firms with funds under management and via
acquisition create a subsidiary under one efficient and cost
effective umbrella that will provide long term revenue for Global
Equity International Inc. and its fully owned subsidiaries.
A "Fund Division" of our Company, Global Equity, will
provide long term stability via revenue, attractive value by paying
up to three times profits and short term income from both the "Fund
Division" and our Company due to our ability to then self-finance
deals and ultimately "Close the circle."
Major Keys to Success:
- Extensive and deep knowledge of the "Fund Management"
sector.
25 years of experience within management of this type of
business.
Close relationships with existing target companies to be
acquired.
Timing.
Broadened product portfolio for clients (cross border
opportunities).
Reduced General and Administrative expenses once consolidated.
Management previously created a similar company with US$2.2 Billion
of Funds under Management.
To date we have identified four Funds under Management that we
are interested in acquiring. The total amount of money under
management would be approximately US$200,000,000 and total annual
net profits vary between 1% and 1.5% of the fund value. These
regulated and licensed Financial Advisory Firms with Funds under
Management can be acquired for small multiples and with certain
amounts paid up-front and the balance as a form of buy-out over
time which will end up being self-funded from the revenues we
intend to acquire. Each of these target Funds are based in the UK
and are highly regulated by the UK FCA (https://www.fca.org.uk/).
Once we have acquired at least two of the Financial Advisory
Firms with Funds under Management that we have on our shortlist,
within 12 months, we will create a "Global Equity Special
Opportunities Fund" that will be established in a regulated market
thus allowing us, over time, to move certain pockets of money from
the Funds under Management we acquire into our own fund thus
allowing us to finance our own clients and by virtue increase the
overall profitability, speed of transaction and deal making
capability of the group.
Peter Smith, CEO of Global Equity International
Inc., said, "Over the last 6 years we have slowly
but surely built a professional team and a solid and very
substantial network around us. Now the time has come to take the
next step in order to "close the circle" on our business model. I
travelled to the United Kingdom two weeks ago and met with certain
significant people within the sector with a view of posing to them
our idea of commencing an acquisition trail on various UK Regulated
Funds. The idea was received with great enthusiasm, so much so that
I and my CFO, Enzo Taddei, will be travelling back to the UK this
coming Monday to follow up on my previous conversations and also to
meet with all four potential acquisition targets with a view to
agree on the basic terms of acquisition with each of them, and to
set a timeframe to commence our comprehensive due diligence. Also I
have spoken to various of our financial partners about assisting us
to source the funding required, initially via debt only, to acquire
the various targeted Financial Advisory Firms with Funds under
Management and we have received an extremely positive response. We
are feeling very bullish about getting these Funds acquired in the
next 3 to 4 months. I personally have extensive experience in this
type of business hence I know how profitable it can be. I also know
that with a little "TLC" we can make the net profits of these funds
substantially higher in time."
About Global Equity International Inc. and
subsidiaries
Global Equity International Inc., through its wholly-owned
subsidiaries GEP Equity Holdings Limited and 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.
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.