DUBAI, UNITED ARAB EMIRATES--(Marketwired - Mar 14, 2017) - Global Equity International, Inc. (
The results of the presentations by both BNR and GEP have been exceptionally promising with three potential investors wanting to immediately follow up with BNR and progress, and one particular investment partner wanting to engage further with BNR´s CEO, Mr. Demetrius Maxey - Retired US Marine, to discuss three different potential investment options ranging from $40 million to $120 million of Pre-IPO funding in the form of Debt and Equity.
The presentations included but were not limited to The Arab Petroleum Investments Corporation; NOGA, the investment arm of the Bahrain National Oil Company; Crescent Petroleum; EIG, a European/Arabian investment Group; Sharjah National Oil Corporation; Thani Investment Group Dubai; Sovereign Gulf and Baker Tilly.
Additionally, GEP met with the board of its client Hoqool Petroleum to further discuss their oil exploration and production opportunities in Oman and Egypt and a possible Bond Issue and subsequent IPO on a recognized global exchange in 2017.
Further oil producing and exploration companies from the Middle East, United Kingdom and Mongolia approached GEP´s management with a view to potentially engage GEP's services for Pre-IPO funding and a dual listing on the North American stock markets.
GEP was also represented by Patrick Dolan -- Managing Director of GEQU -- on the main delegate Q&A session Chaired by Mr. Abdullah Al Qadi -- Executive Director Crescent Petroleum and supported by Mr. Mohammed Al Dandani -- CEO Hoqool Petroleum and Mr. Masoud Ahmed Al Hamadi from the Sharjah National Oil Corporation. The sessions included discussion and questions on financing Oil & Gas projects, an introduction to Islamic Finance, Private Equity Fund structures for M&A deals and the global outlook for Oil & Gas investment in 2017.
Peter Smith, CEO of Global Equity International Inc., said, "The MEPEX conference was a resounding success in all quarters; it continues to highlight the long term operational strength of GEP and its solid direction under the stewardship of Patrick Dolan. Initiatives like MEPEX and MEOS hold huge 'kudos' in the Middle East, on the basis of the report back from Patrick they will also hold huge success and revenue for our Company. With Patrick at the helm of the core operational business it has left me free to work on our fund management program. We are currently in talks with several groups in the UK and Asia who collectively have $400 million of funds under management. We plan to acquire these groups, amongst others, and over time integrate our special opportunities fund into their network. In addition, we will expand the fund range to other interesting sectors allowing us a wider scope to funding deals that come forwards. Both my CFO and I are visiting New York (late March) to discuss the terms of the acquisitions with potential debt funders of our expansion plans, thereafter I will return to Asia to prepare heads of terms on a number of exciting propositions. The development of this business is starting to move on at a faster pace with real clarity on the future values and direction of the group."
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 realising 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.