SOURCE: Global Equity International Inc.

March 16, 2015 13:33 ET

Global Equity International Inc., Through Its Subsidiary Global Equity Partners Plc., to Assist Unii Limited With a $48 Million Pre-IPO Funding Round

DUBAI, UNITED ARAB EMIRATES--(Marketwired - Mar 16, 2015) - Global Equity International Inc. (OTCQB: GEQU) through its fully-owned subsidiary Global Equity Partners Plc., a specialist consultancy firm with offices located in Dubai and London, is pleased to announce that the Company has signed an agreement with a UK-based company called Unii Limited, to assist with Pre-IPO funding up to, but not limited to, $48 million and ultimately assisting with an IPO in Dubai in 2016.

In February 2014, on a flight heading to Hong Kong, Marco Nardone, Founder and CEO of Unii Limited, was contemplating the modern messaging landscape when he hit on an idea that could turn the messaging and social space upside down. Traditionally, private messaging apps rely on the user having an established network of friends or contacts, but what if you could message people you did not yet know from around the world and strike up a new kind of friendship and relationship based on common interests -- or just simply for fun?

The proprietary mobile application called "Fling - Message the world" developed by Unii Limited has grown virally to 3 million users (available in the Google Play Store and in Apple's App Store) with very little marketing input and has been hailed by some of the world's most prestigious VCs as "The talk of Silicon Valley." Within its first 6 months, the app saw over 5 billion messages delivered to users with around 33 million "flings" being received each day.

"Fling - Message the world" launched as a MVP on iOS with no unnecessary features or distractions; they made it so simple so that you got the concept straight away. Following the massive success on iOS they launched the app on Android in beta in November 2014 with a new and improved chat feature, and this led to a 400% increase in engagement on the app. The chat feature was launched on iOS as well in January and will aid the growth of "Fling - Message the world" throughout 2015.

Peter Smith, CEO of Global Equity International Inc., commented, "We are delighted to have been selected by Unii to help secure them pre-IPO funding and additionally retained to take them to the public markets of Dubai in early 2016. Unii have been heavily courted, on a very regular basis, by significant Private Equity, Venture Capital and Advisory firms in Silicon Valley. However, the management of Unii made the conscious decision to retain the services and the unique model of Global Equity Partners Plc. over the better known institutions of Silicon Valley. 'Snapchat' and 'WhatsApp' have been valued privately in the billions of dollars and we have had very compelling interest from our investor partners in both the Middle East and Europe for pre-IPO investment. We expect exciting results in our partnership with the company (Unii Limited), its founder and management during 2015."

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

  • Contact:
    Enzo Taddei
    Director and CFO
    Global Equity International Inc.
    US Tel. + 321 200 0142
    Dubai Tel. + 971 (0) 42767576
    Email: enzo@gepartnersplc.com