DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - Nov 18, 2016)
- Global Equity International,
Inc. (OTCQB: GEQU)
and its fully-owned subsidiaries GEP Equity Holdings
Limited and Global Equity Partners
Plc. ("GEP" - www.gepartnersplc.com), a specialist consultancy
firm with offices located in Dubai and London, are extremely
excited to announce that their client Quartal
Financial Solutions (the "Company" - http://www.quartalfs.com), a Zurich (Switzerland)
based Financial Technology Company, has successfully filled
and raised US$2,018,136 via its first Private Placement
Memorandum.
Peter Smith, CEO of Global Equity International Inc.,
said, "Recently, we announced that our client,
Quartal Financial Solutions, had partially filled its first Private
Placement Memorandum; now we are extremely happy to be able to
announce that Quartal has successfully filled and closed their
initial Private Placement Memorandum at a valuation of $2.50 per
share. We continue working on our contractual mandate which
includes assisting the Company, through introductions to our
international network, with raising a further US$8 to US$10
Million. Quartal Financial Solutions is a great company with an
extremely bright future that happens to be in an industry,
Financial Technology, that smart money is looking to invest in
today. Gulf News published an interesting article yesterday
regarding FinTech and quoted the following: 'A raft of financial
technology (FinTech) companies are sprouting up across the globe
and in the UAE, attracting the interest of hordes of customers and
investors, including angel venture capitalists, family offices and
even private equity funds.'"
Gulf News Article - FinTech
http://gulfnews.com/business/sectors/technology/technology-and-internet-changing-the-nature-of-financial-services-1.1859841
About Quartal Financial Solutions AG
Quartal Financial Solutions AG ("Quartal") is a market leading
Financial Technology Software Company providing specialized
financial solutions to the global financial and insurance industry.
Their suite of products focus on complex fee billing, revenue,
commission, expense management and sophisticated high end reporting
for global asset managers, banks, brokers, custodians, fund
administrators, insurance companies, transfer agents and capital
market firms.
The Company was founded in 1999 and has established, over the
years, a clear market leadership in fee and commission management
by offering highly professional state of the art workflow-based,
STP-enabling software products that cover the regulatory,
functional and technical requirements for a touchless,
exception-based process. This solution paradigm shift is
significant and will support the constantly growing relationship
with their global blue chip client base including, but not limited
to, HSBC, UBS, Credit Suisse, Schroders Investment Management,
Societe General, RBC, and Commerzbank. Quartal currently services
more than 30 clients in 13 countries across Europe, the United
States, and the Asia-Pacific region. Headquartered in Zurich,
Switzerland and with offices in London and Frankfurt, the company
is now perfectly positioned to take advantage of its market
leadership and its expanding prospects pipeline to scale its
operations globally into the United States and the Financial
markets of Asia and Australia.
About Global Equity International Inc. and
Subsidiaries
Global Equity International Inc., through its wholly-owned
subsidiaries GEP Equity Holdings Limited and 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.
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.
