DUBAI, UNITED ARAB EMIRATES--(Marketwired - Sep 11, 2015) - Global Equity International, Inc. (OTCQB: GEQU) and its fully-owned subsidiary Global Equity Partners Plc. ("GEP"), a specialist consultancy firm with offices located in Dubai and London, is pleased to announce this week they have secured a long-term partnership agreement with its Sri Lankan counterparty -- Yenom (Pvt.) Ltd. (http://www.yenomasia.com/) ("Yenom").
With GEP and Yenom's partnership, the availability of newly qualified deal flow to the Middle Eastern & European investors, and likewise the availability of new funds to small and medium sized South Asian corporates, will commence.
The relationship will see GEP and Yenom working in tandem on transactions originating from the extensive contact base Yenom already has in the region, where Yenom will use GEP as the exclusive partner for listings on various international stock exchanges, capital raising, and also corporate advice. The relationship gives GEP a firm footing in Sri Lanka and India and a respected, credible team of professionals to deal with, along with a pipeline of potential transactions Yenom have been cultivating for many years.
Peter Smith, CEO of Global Equity International Inc., said, "We have been talking to Yenom and its management for some time and engaged, in 2014, with our mutual client Duo Software Limited (now acquired by Duo World Inc., a proprietary software company independently valued by Ernest & Young at 318 million USD). Yenom have their fingers firmly on the pulse of Sri Lanka and the surrounding markets and also have an excellent reputation in their field. The partnership we have agreed on this week in Colombo (Sri Lanka) is one that will last for a very long time and will see new, innovative and exciting companies being presented to GEP for consideration for our services. We are thrilled with the formalization of the partnership and see tremendous potential in both the relationship and Sri Lanka and also India, as markets for GEP. Sri Lanka is a true emerging market that has worked hard to steady its economy and attract external investment. We are looking forward to working on our next transactions coming from Yenom as we start to analyze and examine the potential pipeline of transactions. This partnership extends the reach of GEP and Yenom even further into a wonderful market with a great team. We anticipate seeking out further partnerships in other locations to complete the offering of a true global boutique providing huge cross location opportunities."
Gregory Scott Newsome, Co-Founder & Director of Yenom (Pvt.) Limited, commented, "We all at Yenom are very happy about our newly forged partnership with the Global Equity Partners team. GEP's like-minded management style made this an easy fit. We are excited about expanding our solutions offered as well as offering additional capital to our local clients in a more streamlined process. Today, South East Asian small and medium sized corporates have limited access to investment funds and products. Through our partnership with GEP, we plan to help remedy this problem by highlighting these companies and introducing them to our extensive investment audience. There are numerous local and regional companies that have the potential to become global companies if provided access to the necessary support. Connecting our experienced teams with footholds in Dubai, London, and Sri Lanka will allow corporates faster accessibility with access to a larger pool of investment funds."
About Yenom Pvt LTD
Yenom was co-founded by Gregory Scott Newsome and Kosala Heengama. The company prides itself in solving complex business problems with creative, cost-effective solutions working with its high-net-worth individuals, companies, foreign investment fund managers, and local and national governments. They have extensive experience in many aspects of the financial and technology sectors from both local and global perspectives. Their emphasis on long-term client relationships allows them to grow and expand their services based on their client's future requirements. The Sir Lankan office not only extends their client's reach into the South Asian markets but also expands areas of service into systems based technology to include software architecture, development, and security. Yenom's current focus is on investing and advice in innovative technology companies that have high growth potential. Website: http://www.yenomasia.com/
About Sri Lanka
Sri Lanka is currently undergoing rapid economic expansion in many ways with complete economic stability, government investment in infrastructure and a wider public awareness of the country as an emerging market that is going places. Forbes recently produced an article on 10 reasons to invest in the country and interestingly Sri Lanka's gross national income (GNI) per capita outpaced that of all other South Asian developing countries at US$3,170 in 2013; the average for other developing South Asian countries in 2013 was US$1,473.
The Sri Lankan Government has declared two priorities that are influencing the country's growth:
a) Attracting foreign direct investment (FDI)
b) Expanding the economy into the manufacturing, data and financial industries.
Additionally, foreign investors can now move their profits out of the country without any onerous controls or procedures. These actions resulted in the country attracting US$1.3 billion in FDI in 2013; that number doubled to US$2.4 billion in 2014.
About Global Equity International Inc.
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 centers of the world, they can introduce their clients to a unique opportunity of listing their shares on any one of the many stock exchanges worldwide. Global Equity Partners holds significant long-term equity positions in the companies that it represents. Related websites: http://gepartnersplc.com and http://globalequityinternational.com/
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 that could cause actual results to differ materially from the forward-looking statements. Such statements 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, that may affect forward-looking statements. The company assumes no duty to update its forward-looking statements.