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Global Equity International Inc.: The Spark to Ignite the Financing of the VT Hydrocarbon Project in Jordan
Source: InvestorsHub NewsWire
SOURCE: Global Equity International Inc.
Global Equity International Inc.
DUBAI, UNITED ARAB EMIRATES-- June 30, 2016 -- Global Equity International, Inc. (OTCQB: GEQU) and its fully owned subsidiary, Global Equity Partners Plc., a global business consultancy firm with offices in Dubai and London that consults to a diverse number of companies around the world, are pleased to announce that our client, VT Hydrocarbon Holdings (Pte.) Ltd. ("VTH"), has finally agreed on terms with the seller of the land and facility in Aqaba (Jordan) allowing the financial aspect of the transaction to significantly move ahead. Negotiations over the land and facility have been ongoing for many months. This agreement is the spark that will ignite a string of subsequent actions and contracts leading ultimately to the closing of the deal.
VTH will build, operate and manage hydrocarbon storage facilities in the Aqaba Special Economic Zone (Jordan) and expand to repeat the formula in other parts of the world in due course. The Company's main business focus will be to provide Liquid Petroleum Gas (LPG) storage as well as other wet fuel facilities and intends to directly respond to the 45% market deficit in Liquid Petroleum Gas supply being suffered in the local region, which includes the neighboring countries of Jordan.
Demand for Liquid Petroleum Gas is increasing yearly in the region for many reasons, mainly domestic consumption, feedstock for petrochemicals, and fuel for vessels. There is no effective storage for this demand. Storage is required to ensure steady supply, price stability and security. VTH's aim will be to provide the largest and most state of the art LPG facility and logistics to support the region.
Peter Smith, CEO of Global Equity International Inc., said: "We have been waiting a long time to get to this point and finally matters are moving ahead at a rapid pace. Historically, key decisions within the deal have taken weeks and months to arrive at, hence the reason for the various delays that this deal has suffered. Now we are moving into new territory on a daily basis with all parties exactly on the same page heading for the same conclusion. This will be a transaction we will be delighted to put the finishing touches to in the very near 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 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 long-term equity positions in many of 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 details:
Mr. Peter J. Smith
CEO
Dubai Tel.: + (971) 042767576
Email: peter@gepartnersplc.com
Mr. Enzo Taddei
CFO
US Tel.: + (1) 321 200 0142
Email: enzo@gepartnersplc.com
Website: www.gepartnersplc.com
Not sure what that has to do with anything? Stocks are crazy....
Some go up and some go down.... It's weird there is no rhyme or or reason to it.
It's not fake. It's documented. It actually happened. I'm positive it happened because I watched it and was involved in it. I payed my power bill and my phone bill this month because of it. AROPQ actually did run from .02 and is still over 250% from that point.
Weird...
Wrong stock.
This is a message board for AROPQ....
Did you comment about my post? This is a message board for AROPQ.
Bouncy bouncy....
Maybe.
How do you know people took losses. It's a message board.
Nothing wrong with that.... It's good to be informed.
I like it...
Hahaha, not quite sure how you can have more than 100% loss...
Brilliant...
He might have something left...
Wow... Got out too soon yesterday. Big money.
And I'm out...
Who didn't know about this???
Hahaha, all good truth.
Heeeeyyyy,,,, I wanted those shares.
Probably gonna close green after all that shaky shaky...
Well timing is everything...
Fun stuff right here...
Diversification....
http://www.mcvcompanies.com
Nice little chunk of extra cash....
Hahaha
Awesome brother... Cheers to all of us.
Cheers buddy... Great filing, great work.
I believe I will need an A&P mechanic. That bird is old... Haha
I hope it's got a helipad because that's I roll....
Closing on the HOD... Nice!
Nice and steady on the way up...
Just gonna leave this right here... It won't get old.
GEQU Proving Continual Growth -- Q1 2016 Quarterly Revenues Up 5524%
Source: InvestorsHub NewsWire
SOURCE: Global Equity International, Inc.
Global Equity International, Inc.
DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - 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
I've been doing that for many months and still nothing.
I don't worry about what this does day to day... I have full confidence in where it's going.
Don't think it means anything before the market opens...
Let's have a great day GEQU peeps!!!
Why would that matter pre-market opening?
Good stuff right here... Been worth the the wait!
Awesome brother... Thank you for doing that.
AWESOME...