SOURCE: Global Equity International Inc.

Global Equity International Inc.

May 18, 2016 10:15 ET

Unite Global AS Engages the Professional Services of Global Equity Partners Plc., a Fully Owned Subsidiary of Global Equity International Inc.

GEQU and Its Subsidiaries Proving, Once Again, Growth and Expansion of Its Global Client Portfolio

DUBAI, UNITED ARAB EMIRATES--(Marketwired - May 18, 2016) - Global Equity International, Inc. (OTCQB: GEQU) and its fully-owned subsidiary Global Equity Partners Plc. ("Company" / "GEP" -, a specialist consultancy firm with offices located in Dubai and London, are pleased to announce that GEP has been retained, to assist with sourcing capital funding to up, but not limited to US$10 Million, by a Norwegian based company called Unite Global AS ("Company" -

Unite Global AS owns technology that can disrupt the monopolistic world of cross-border payments within the banking system such as SWIFT. The Unite Global system can not only save banks money but also allow banks to make instantaneous transfers with 100% accounting accuracy. On average, banks have to pay $17 per wire transaction hence spending approximately US$203 million on a daily basis. The disruptive technology owned by Unite Global can save banks up to US$109 million a day. The Company is currently negotiating with three partner banks that have a combined presence in over 55 countries around the world. An additional three banks will follow, bringing the presence up to 100+ countries. This Unite Global system is fully licensed and the Company believes to have at least a two year advantage over any new competitor. Unite Global utilizes the latest in IT communication and IT security standards compared to the complex SWIFT system. The Company´s goal is to swiftly become the preferred solution for cross-border payments.

Global Equity Partners Plc. received a non-refundable cash retainer fee from Unite Global AS and has also agreed on a cash success fee up to 6% on all capital funding raised. Finally, Unite Global AS agreed that an equity success fee will be negotiated with Global Equity Partners Plc. when the Company decides to list its shares on a Public Stock Exchange.

Mr. Partick V. Dolan, Managing Director of Global Equity International Inc., said, "For the past two years Global Equity Partners have been approached by numerous financial technology companies in the payment systems space. Unfortunately, most were at an incomplete development stage or alternatively at a complete development stage but with very little experience or in depth understanding of payment processes. Additionally, a lot of them were, by and large, unregulated. Unite Global AS, on the other hand, has a completely developed and fully tested payment system in the inter-bank payment arena and are negotiating with various partner banks that will give the Company the global reach it deserves. The Company is fully regulated by the Norwegian Financial Services Authority. We have been in discussions with their highly experienced and talented management team for some months now and we are delighted to be retained by the management of Unite Global. In our preliminary discussions with our investor partners, we found that there was a serious appetite to invest in the Company and its business model. We are confident that we will succeed in bringing the next round of investment to a successful conclusion in the near future and look forward to working with Unite Global´s management team on their initial capital raise and also to assist the Company with an IPO on a Public Stock Exchange at a later date."

Mr. Svante Bergström, Chairman of Unite Global AS, said, "We are very satisfied with having entered into an agreement with Global Equity Partners Plc. More so, based on the overwhelming interest in our Company, that GEP have received from their investor partners in the Middle East. It is important to note that our capital raising is more for strategic than for financial reasons. We look forward to a fruitful and successful business relationship with Global Equity Partners."

About Global Equity International Inc. and its subsidiary 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 a lot of the companies that it represents.

Checkout GEQU on

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

  • Contact details:
    Mr. Patrick V. Dolan
    Managing Director of Global Equity International Inc.
    Tel. (UK) + (44) 7917 838762

    Mr. Enzo Taddei
    Director & CFO of Global Equity International Inc.
    Tel. (US) 321 200 0142

    Mr. Svante Bergstrom
    Chairman of Unite Global AS
    Tel. (Norway) + (47) 69 351 880

    Ms. Tone Rorbakken
    Deputy CEO of Unite Global AS
    Tel. (Norway) + (47) 69 351 880