DUBAI, UNITED ARAB EMIRATES--(Marketwired - Sep 13, 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 GEP Equity Holdings Limited and Billbarter Hungaria Zrt. (Billbarter Group - www.billbartergroup.com) have formally entered into a Joint Venture agreement for an initial three year term.
Enzo Taddei, CFO of Global Equity International Inc., said: "We are extremely happy and excited to have agreed and executed this Joint Venture agreement with such a reputable and internationally recognized Company such as the Billbarter Group. In the recent past, we have jointly worked on certain client mandates such as Majestic Wealth Limited that culminated in a signed term sheet for US$301,500,000; this collaboration was, in my opinion, the proving ground to ultimately enter into this Joint Venture agreement with the Billbarter Group. The fact that the Billbarter Group has a presence in so many countries around the globe will, by default, give Global Equity International massive exposure to allow us to exponentially grow our network of introducers, funding sources and ultimately, our client base. This Joint Venture is, without a doubt, a 'win-win' situation for both Global Equity International and the Billbarter Group."
Thomas Stonewell, International Relations Director of Billbarter Hungaria Zrt., said: "After a very successful meeting with Global Equity´s management team in Budapest last week, the idea of creating a Joint Venture was discussed in depth; we are excited that we have managed to agree and execute this Joint Venture in record time. As a result of this, certain elements of both Companies' business models will become much stronger. With this new venture we are able to work together on a more formal basis, contributing our varied wealth of knowledge and experience. We, the Billbarter Group, have many clients who are interested in listing their shares on a Public Stock Exchange and GEP has many existing and potential clients who are looking to fund property related and asset backed projects; hence the cross pollination of our networks can only make both companies much stronger in the long run. I am really looking forward to the future and to our successful collaboration."
About Billbarter Hungaria Zrt. (Billbarter Group)
The Billbarter Group currently consults with over 25,000 companies around the globe and has circa 8 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 countries in the Americas and a further 7 countries between Asia and Australia.
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.