SOURCE: Global Equity International, Inc.

July 10, 2015 09:34 ET

Global Equity International, Inc., Through Its Fully Owned Subsidiary Global Equity Partners Plc., Shines Bright With ATC Enterprises DMCC

DUBAI, UNITED ARAB EMIRATES--(Marketwired - Jul 10, 2015) - Global Equity International, Inc. (OTCQB: GEQU) and its fully-owned subsidiary Global Equity Partners Plc., a specialist consultancy firm with offices located in Dubai and London, is pleased to announce that ATC Enterprises DMCC, who signed a consultancy agreement with Global Equity Partners Plc. in December of 2014, has now agreed on a strategy to assist with the introduction to Pre-IPO capital and ultimately the listing of the company's shares on a recognized Public Stock Exchange.

ATC Enterprises is a Dubai based diamond trading company, registered in the Dubai Multi Commodity Centre (DMCC). ATC Enterprises is party to one of the only six currently operative government licenses within Angola, permitting the sourcing, trading and export of artistically mined rough diamonds from that country. Approximately 50% of Angolan diamonds are mined in this manner, by local, licensed miners, working in the alluvial deposits of sand, gravel and clay. Angola is the world's 4th largest producing country by value and the 6th largest by volume, Angolan diamonds are famed for their high quality and value in particular high gemstone content. Total countrywide production is estimated at just under 13 million carats for 2014.

ATC is establishing a chain of buying stations throughout the main diamond rich provinces of Angola. Two of these are already in place and operational. Negotiations are at an advanced stage for the acquisition of two more. On a weekly basis, cash is shipped out to each station and diamonds returned to the Head Office by the government Diamond Security Corps (CSD). Each provincial buying station is run by a fully qualified and experienced diamond buyer and is equipped with state of the art specialist scales, lights and color machines, enabling accurate identification and valuation of each stone purchased.

In 10 years the Dubai Diamond Exchange has become the pre-eminent global gateway for the international trade in diamonds. Global production of rough diamonds is forecast to grow by an average of 4% annually until it peaks at 160 million carats in 2019, after which De Beers forecast that production will drop away over the next ten years, and fall to 115 million carats in 2030. During the same period demand for diamonds is predicted to continue growing. For example, China has had a compound annual growth rate in diamond demand of 32% since 2005. As such, experienced analysts in the diamond trade are anticipating that global jewelry demand will grow by over 35% by 2019, at which point they are forecasting demand may well outstrip supply.

Peter Smith, CEO of Global Equity International Inc., commented, "ATC operates in a very lucrative and challenging market place where they have forged a niche in the market, being the conduit from Angola to Dubai. Being a Dubai based business in the ever growing Dubai Diamond Exchange is a great advantage for ATC within our network. We can clearly see the company growing over time and becoming a leading player in the exchange. They have a wealth of experience, with senior management being from some of the largest global Diamond houses, including DeBeers. With a market that is forecasted to have demand outstrip supply within the next two decades, ATC has the potential to be the jewel in the crown of our company."

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 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 Partners holds significant long-term equity positions in the companies that it represents.

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.

Contact Information

  • Enzo Taddei
    Director and officer of Global Equity International Inc.
    Tel + 321 200 0142