DUBAI, UNITED ARAB EMIRATES - (NewMediaWire) - September 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."
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 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.