DUBAI, UNITED ARAB EMIRATES--(Marketwired - May 10, 2016) - Global Equity International, Inc. (
Majestic Wealth Ltd. has secured a luxury resort development project in Cyprus. The project benefits from approved planning permits and licensing, construction is already underway, and consists of three hundred luxury villas, a five star luxury hotel and amenities. Also, Majestic Wealth Ltd. has secured an additional beach resort, again with planning and construction underway, for a five star four hundred-suite luxury hotel in Paphos, a coastal resort and town on the Island of Cyprus in the Eastern Mediterranean. Paphos is European City of Culture 2017.
As a result of this engagement with Majestic Wealth Ltd., our subsidiary, Global Equity Partners Plc., subsequently partnered up with The Billbarter Group (https://www.billbarter.com/), in particular, with Billbarter Hungaria Zrt., and agreed to share the contractually agreed cash success commissions on a 50/50 basis. The Billbarter Group had revenues, last year, amounting to 74 Million Euros. The company is a fully integrated business that started in Eastern Europe, Hungary, and then expanded to Slovakia, Serbia and Romania. The Billbarter Group currently has more than 25,000 business clients and handles circa Eight Billion Euros worth of projects.
Partick Dolan, Managing Director of Global Equity International Inc. said, "The country of Cyprus has an advanced high income economy and is a member of the European Union and Eurozone. Cyprus is an extremely popular holiday destination for European, Russian, Chinese and Arab tourists and has a thriving banking industry. The Resort infrastructure and six show villas have already been constructed, and the Majestic Wealth management are already in advanced negotiations with two highly recognised and globally renowned luxury hotel groups to manage the resorts on long term contracts. We, Global Equity Partners, are delighted to be retained to assist in sourcing and raising the required capital in order to complete the construction of these significant resorts and hotels in one of Europe's most popular tourist destinations."
John Vakis, CEO of Majestic Wealth Limited said, "I am delighted to be able to continue and expand my working relationship with Global Equity Partners Plc., especially after having proven their capacity to source and introduce VT Hydrocarbons to capital funding. I look forward to continued success with GEP´s management. The Luxury Cyprus Resort Projects, in particular, are pivotal for the Cypriot tourism industry and will contribute significantly to the high end tourist market in Cyprus."
About Global Equity International Inc. & Global Equity Partners Plc.
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 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. Global Equity International Inc., through its wholly-owned subsidiary Global Equity Partners Plc., holds significant long-term equity positions in the companies that it represents.
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.