SOURCE: Global Equity International, Inc.

July 20, 2015 08:02 ET

Global Equity International, Inc., Through Its Fully Owned Subsidiary Global Equity Partners Plc., Signs an Agreement With a Northern Power House United Kingdom Property Development Group

DUBAI, THE UNITED ARAB EMIRATES--(Marketwired - Jul 20, 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 it has agreed terms with Primesite Developments Limited and its subsidiaries (http://www.primesite-developments.com), a commercial and residential property development group based in the North West of England, to evaluate, restructure and list company shares on the NASDAQ OTCQB in the USA. Primesite Developments Ltd. have four distinct divisions that bring two different revenue streams to the Company: property sales and rental income.

1)  Dementia Care: Primesite develop and deliver turnkey "Dementia Care" facilities. These facilities are available to both the private and Government assisted fee payers. All Care Homes constructed are typically between 40 to 60 bedrooms plus communal and day care facilities.
2)  Residential: Primesite develop residential housing available to end users on the retail market, as well as the property investment market ("buy to let" market). Current developments range between a single family home development, comprised of 14 executive homes, to 101 riverside apartments / condos.
3)  Student: Primesite develop student-specific accommodations available to all students enrolled in full time higher education programs. A typical student accommodation developed by the Company will range between 30 to 120 bedrooms plus communal and shared facilities.
4)  Office: Primesite develop turnkey serviced office space available to all business types. The typical office facility developed by the Company is between 20 and 60 offices plus light industrial and self-storage space where appropriate.

Primesite Developments Limited has various fully owned subsidiaries in the UK; each subsidiary is a SPV for a particular project that in currently underway (http://www.primesite-developments.com/projects/).

The Company tailors any development to fit into the needs of the ultimate customer, be it a corporate fund, large-scale facility operator, or a University student seeking maximum value and minimal but effective student living.

Peter Smith, CEO of GEP, said, "I have known management of Primesite for many years but the timing has never really been quite right. Now the UK is seeing more of an economic boom in the North West of the country with the prevailing government recently branding the key cities in the North West, where Primesite operate, as the Northern Power House as mentioned in the Queen of England's speech earlier this year. The power house proposal involves improvement to transport links, investment in science and innovation and a generic boost to the region. Primesite are perfectly placed to take advantage of the focus that will be turned onto this part of the country, along with their extensive range of projects already as work in progress. We anticipate a strong to very strong short to medium term for the company, and we are delighted to be working with Primesite´s management."

Kerry Tomlinson, CEO of Primesite Developments, said, "Our mission at Primesite is to provide a sustainable property development and sales business, with a balanced product range, and expanding retained portfolio, and we firmly believe that the key to our success will be considered, market-led diversification and adaptation of our product offering, routes to market and funding sourcing. We are extremely excited about having engaged with Global Equity Partners as we believe that their wealth of experience will help our Company move to another level in the months and years to come that is reflective of where we want to be and where we think we should be commercially."

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 Partners 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.

Contact Information

  • Enzo Taddei
    Director and officer of Global Equity International Inc.
    Tel + 321 200 0142
    Email: enzo@gepartnersplc.com