DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - Oct 4, 2016)
- Global Equity International,
Inc. (OTCQB: GEQU) and its fully owned
subsidiaries, Global Equity Partners Plc. and GEP
Equity Holdings Limited, (GEP - www.gepartnersplc.com) 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
extremely pleased to announce that GEP Equity Holdings Limited and
Billbarter Hungaria Zrt. (the Billbarter Group - www.billbartergroup.com) have formally entered
into a Joint Venture agreement with a Lebanon based company called
CMP SARL (CPM - www.cpmsarl.com/).
Enzo Taddei, CFO of Global Equity International
Inc., said: "On September 13, 2016, we entered
into a joint venture agreement with the Billbarter Group. At the
time we knew that this was a step in the right direction for our
Company and, lo and behold, today we have the pleasure of
announcing yet another massive step forward. Our newly formed joint
venture with CPM will allow us, the Billbarter Group and GEP, to
streamline capital funding projects that require a minimum of 200
million dollars and that are primarily asset and cash backed. This
may not be a 'Giant step for mankind!' but it is definitely a giant
step in the right direction for all parties involved. Onwards and
upwards!"
Thomas Stonewell, International Relations Director of
Billbarter Hungaria Zrt. said: "I am very
glad that the Billbarter Group and GEP have entered into this new
joint venture with CPM SARL. The Billbarter Group has been
successfully sourcing capital funding for its international
clientele for some years now but with our new partner, CPM, we now
have exponentially expanded our ability to fund much larger
projects in a much shorter timeframe. Currently, the GEP,
Billbarter & CPM joint venture is processing US$1.25 billion
worth of funding deals including the US$301.5 million property
development project for Majestic Wealth Ltd. that GEQU publically
announced on September 8th of this year. In our joint
collaboration, CPM will be the lender and source of capital
funding, and the Billbarter Group and GEP will assist their common
clients with all facets of the agreed mandate, including carrying
out extensive due diligence at the highest professional standards,
to ensure that all funding transactions run as smoothly as
possible. We at Billbarter firmly believe the GEP, Billbarter &
CPM unity is a huge opportunity for our respective companies and
also our clients. We have diligently managed to surround ourselves
with very strong and experienced partners not just on the field of
project financing but also in the field of project
management."
Bill Alhussayni, CEO of CPM
SARL said: "Our Company has been a project
funder, service provider and facilitator for more than 15 years.
Our team has an extensive track record and experience in business
and property finance. CPM provides a wide range of traditional and
"just-in-time" business finance solutions, offered after carefully
evaluating potential clients' needs and requirements. Our Company´s
forte is funding commercial property and real estate projects, in
particular, in the UK and Europe, the Middle East and Africa. We
are extremely happy to have negotiated and signed a joint venture
agreement with GEP and the Billbarter Group as there is a lot of
synergy between our companies, hence we firmly believe that we can
complete many multi-million dollar deals together in the very near
future."
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.
About Billbarter Hungaria Zrt. (Billbarter
Group)
The Billbarter Group currently consults with over 25,000
companies around the globe and has circa Eight Billion Euros of
projects under management and in their portfolio. The Billbarter
Group offers a wide range of services, such as commercial
mortgages, factoring, asset finance, corporate finance, property
development finance, management buy-outs, refinancing and business
acquisition funding but specializes in assisting with funding
property related and assets backed transactions offering clients
more than a decade of experience in international property
intermediation. The Company has a seasoned management team and has
a presence in 13 countries in Europe, 2 in the Americas and a
further 7 in Asia and Australia.
About CPM SARL
CPM SARL is a Company that has over 15 years of history. The
Company provides services that consist of seven distinct divisions
varying from General Contracting, Project Management, Design and
Supervision, Project Funding and Finance, Procurement, Waste to
Energy and Real Estate Development. CPM has recently closed and
completed financing projects such as $780 million for a gold mine
in South America, $165 million for a water distribution and
collection development business in Lebanon, $5 Billion of funding
for an oil refinery in Asia and $415 million for a water and sewer
redevelopment in the USA.
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.