SOURCE: Global Equity International, Inc.

Global Equity International, Inc.

May 11, 2016 13:59 ET

GEQU Proving Continual Growth -- Q1 2016 Quarterly Revenues Up 5524%

DUBAI, UNITED ARAB EMIRATES--(Marketwired - May 11, 2016) - Global Equity International, Inc. (OTCQB: GEQU) and its fully-owned subsidiary Global Equity Partners Plc. ("GEP" -- www.gepartnersplc.com), a specialist consultancy firm with offices located in Dubai and London, are pleased to announce that today the Company filed their Q1 2016 form 10Q.

We would like to point out certain salient points regarding our Q1 2016 financial statements:

The Company declared $843,528 of gross revenues for the three months ended March 31, 2016 opposed to $15,000 for the same period in 2015. This represents an increase of 5524%.

Our operating expenses decreased by $153,532. This represents a 32% decrease in expenditure when comparing Q1 of 2016 and Q1 of 2015.

The operational profit for the three months ended March 31, 2016 increased substantially to $524,468 opposed to the operational loss of $(457,592) declared for the same period in 2015. This represents a 215% increase of $982,060.

The Company's "Non-Operating Income/Expenditure" for the three months ended March 31, 2016 amounted to a mere $36,724 opposed to $338,228 declared for the same period in 2015. This $301,504 decrease in "Non-Operating Income/Expenditure" was mainly due to the fact that we currently have no discounted convertible toxic debt since August 2015, hence no material extraordinary expenditure to hinder our bottom line.

The net profit for Q1 2016 amounted to $487,744 opposed to a loss of $(795,820) in Q1 2015. This represents an increase in net profit of $1.28 million, which is an excellent achievement in our opinion.

The Company's balance sheet as at March 31, 2016 reflects positive Stockholders' Equity amounting to $1,036,382, a total of $3,087,157 between fixed assets and investments and $179,286 of current assets including cash in bank, prepaids, other current assets and accounts receivable. In our opinion, these particular items in their entirety prove solid growth on a "quarter over quarter" basis.

Included in the company's liabilities, we would like to point out that $535,000 is considered as deferred revenue and will become revenue as we complete certain contractual milestones during 2016.

Our balance sheet shows a fixed price convertible debt which is by no means "toxic" as management agreed a set conversion price of $0.025 with this particular lender. Furthermore, this option to convert at a fixed price per share is a multiple higher than the current bid price. The lender may or may not convert the debt and the accrued interest into shares but if they do, it would mean that our Company's shares were trading over $0.025 and with substantial volume. In essence, we could be exposed to a maximum of 5.94 million common shares which only represent 0.75% of the current IOS.

All other third party debt is non-collateralized and subject to some form of a payment plan in cash. All related party debt may be entirely or partially condoned if required.

For the fourth straight quarter in row the Company have positively increased its Shareholders' Equity and provided better quarter on quarter results which is a trend that currently has no sign of changing. Our pipeline is stronger than ever and the deals and projects, currently in execution mode, all regularly take steps closer to closing in a methodical, professional and well managed way. The growth track that the Company is on will only accelerate during 2016 with many innovative developments on the corporate drawing board for further and faster growth.

Finally, we are of the firm opinion that executing on only a percentage of the 19 portfolio clients that we currently have on our books today, will allow the Company to book substantial cash and equity success fees, jointly in the multiple millions of dollars, this year alone.

Peter Smith, CEO of Global Equity International Inc., said, "These numbers are a testament to the hard work the team puts in each and every day. After many years of laying solid foundations, we finally see the rewards in the way of excellent results and continually beating the quarter on quarter numbers. Not only have we increased the income significantly, we have simultaneously been watching our expenses and cutting them when and where we can, but without hurting the operational day-to-day business. A $153,000 reduction in the operating expenditure without hindering the operational business is a tremendous achievement in my opinion. 2016 has been a great year so far for the Company and its development, we continue to work and operate under the first class standards we set out with and believe we are head and shoulders above any other Company of our size in our world. We follow strict corporate governance and manage the business in a correct manner, producing good numbers is a by-product of a professionally ran organization that we are proud to be the architects of."

Enzo Taddei, CFO of Global Equity International Inc., said, "I personally am extremely satisfied with the Company´s very positive uptrend. I truly believe that the many years of very hard work is now starting to pay off for the Company and, by default, its shareholders. We have the potential to reach much higher in the near future but as I always like to say 'Rome wasn't built in one day,' it takes time and a lot of patience to build a proper and profitable business."

Patrick V. Dolan, Managing Director of Global Equity International Inc., said, "These last few months have been extremely interesting and productive as we have gained a lot of traction with a lot of our new business partners particularly in Europe. Also, we have managed to partner up with the likes of the The Billbarter Group, a firm that manages billions of Euros in projects. I truly believe that we are now starting to get noticed by a lot of the 'big boys' in the industry which can only benefit our Company in the long term."

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 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 a lot of 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.

Contact Information

  • Mr. Peter J. Smith
    Director & CEO
    Global Equity International Inc.
    Tel. (UAE) + (971) 42 767 576
    Email: peter@gepartnersplc.com

    Mr. Enzo Taddei
    Director & CFO
    Global Equity International Inc.
    Tel. (US) 321 200 0142
    Email: enzo@gepartnersplc.com

    Mr. Patrick V. Dolan
    Managing Director
    Global Equity International Inc.
    Tel. (UK) + (44) 7917 838762
    Email: patrick@gepartnersplc.com