InvestorsHub Logo
Followers 81
Posts 1849
Boards Moderated 0
Alias Born 06/03/2014

Re: None

Monday, 09/21/2015 10:33:38 AM

Monday, September 21, 2015 10:33:38 AM

Post# of 40899
$GEQU News @ 9:48 am ---> http://ih.advfn.com/p.php?pid=nmona&article=68587138
DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - Sep 21, 2015) - Global Equity International, Inc. (OTCQB: GEQU) and its fully owned subsidiary Global Equity Partners Plc. ("GEP"), a specialist consultancy firm with offices located in Dubai and London, is pleased to announce that it has agreed to terms with International FIM SRL, a reputable Italian automotive parts manufacturer based in Bergamo (Milan, Italy).

International FIM has a 17,000 square meter (153,000 square feet) factory located in Bergamo (Milan, Italy) just 100 miles north of Maranello (Modena), where Ferrari has its headquarters, and employs over 180 people that manufacture automotive parts such as engine covers, front grills, wheel caps, emblems for the front hood, decorative emblems, airbag emblems, door emblems, instrument panels and chrome parts for the interior and exterior of cars, along with many more items.

The Company, previously called Lupini Targhe SPA, has been in operations since the 1960s and has an impressive client list that varies from luxury brand names such as Lamborghini, Ferrari, Maserati, Porsche and Bentley to more common brand names such as General Motors, Ford, Alfa Romeo, Jaguar, Land Rover, BMW, Volkswagen, Fiat (Abarth), Audi, Skoda and many more.

Geographically, the Company sells approximately 75% of its products to European car manufacturers, 20% to US markets, and 5% to Asian and South American manufacturers.

Our mandate is to introduce International FIM SRL to capital funding of up to, but not limited to, 8,000,000 Euros (approximately 9 million USD) and subsequently assist the Company with their rapid expansion plan in the automotive parts manufacturing sector. For this we have agreed with International FIM on an equity and cash success fee.

Peter Smith, CEO of GEP, said, "We at GEP believe that a quality client such as International FIM SRL with such an impressive client base and a long established business history will bring a plethora of value to our Company´s profile. We are confident that we can introduce International FIM to the appropriate funding that they require within the next 90 days through our vast network of financial institutions, hedge funds, wealth management offices and Sovereign wealth family offices in Europe and the Middle East."

Romeo Belloli, CEO of International FIM SRL, said, "We are extremely happy to have engaged with GEP as we have many expansion plans that we are looking to implement in the near future. We believe that partners such as GEP will bring a wealth of knowledge and opportunities to our company´s growth plans."





[chart]investorshub.advfn.com/uimage/uploads/2015/5/20/hcg

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.