DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - Sep 29, 2016)
- Global Equity International,
Inc. (OTCQB: GEQU) and its fully owned subsidiaries,
Global Equity Partners Plc. and GEP Equity Holdings Ltd., a global
business consultancy firm with offices in Dubai and the United
Kingdom that consults to a diverse number of companies around the
world, are pleased to announce that Teralight FZ
LLC (https://teralight.com/), a company based in
Dubai, formally engaged the services of GEP Equity Holdings Limited
on September 26th, 2016 to assist with sourcing Pre-IPO
capital funding, up to, but not limited
to US$10,000,000. Teralight and GEP agreed to
an initial cash retainer, and then a cash and equity success
fee.
Teralight FZ LLC, a fully owned subsidiary of Teralight Gateway
Holdings Inc., has been serving telecommunications operators
and other clients from its main office in Dubai (U.A.E.) for
over 14 years now as a Professional & Managed Services
Consulting Company. Its revenues are mainly derived from
detecting fraudulent connections to telecom
networks, providing services that allow telecom operators to
de-congest their networks and providing temporary, secure Wi-Fi
service.
Teralight serves customers in South Asia, Middle East
and North Africa regions, where telecommunications networks are
experiencing a burst of growth with the proliferation of
smartphones and video apps.
In addition to its Dubai head office, Teralight
maintains its Engineering Operations Center in Islamabad,
Pakistan, and sales offices in Beirut (Lebanon), in Chandler
(USA) and in Lyons (France).
Enzo Taddei, CFO of Global Equity International
Inc., said: "The fact that Teralight is based in
Dubai is great news for us as we feel that introducing a Dubai
company to our Middle Eastern partners will be very
well received. Also, Teralight is one of the subsidiaries of a
group of companies that, on a consolidated basis, has revenues in
the millions of dollars, with projected revenues in the eight
figure range. This is always a massive positive as the Company, in
our opinion, will be perceived by the investment community as a
real and viable investment opportunity from the outset. The
Company has clients that are significant Middle Eastern household
brand names, hence are highly visible companies in the UAE. This
fact, on its own, is certainly a very attractive proposition and
will allow the Company to become visible by a much wider investor
audience by default. We are very pleased to have the
opportunity to work with Teralight and its management."
Thomas Wilson, the CEO of Teralight FZ
LLC, said: "Everyone worldwide is frustrated by
slow mobile internet access at peak hours, and we have developed a
unique set of tools that allows telecom operators to pinpoint the
apps that are causing the congestion, and to help them allocate
available network resources so that the greatest number of
smartphone users get faster internet connections. We are eager to
keep ahead of the curve on this, and to offer our services to
telecom operators everywhere. And for this, we are delighted to
work with Global Equity to raise the funds necessary to super
charge our growth."
About Global Equity International Inc. and
Subsidiaries
Global Equity International Inc., through its wholly-owned
subsidiaries Global Equity Partners Plc. and GEP Equity Holdings
Ltd., 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 centers of the world,
they are able to introduce their clients to a unique opportunity of
listing their shares on any one of the many Public Stock Exchanges
worldwide.
Safe Harbor 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.
