RENO, Nev., April 10, 2013 /PRNewswire/ -- Global Equity International Inc. (OTCQB: GEQU), a specialist consultancy firm based in Dubai and London, has signed new consultancy contract with Innoveas AG (http://www.innoveas.com/), a Central European company, bringing in a new long term client to the Company. The contract states that Global Equity Partners Plc., a fully owned subsidiary and the operational arm of GEQU, will consult with Innoveas A.G. to assist them explore the proposition of seeking a public listing on the NASDAQ Dubai stock exchange.
The Innoveas business is to create a valuable portfolio of high-tech start-up companies based on a stable and steady deal flow. Innoveas aims at a balanced weighting of technologies and branches in their portfolio. Of particular importance are businesses (business ideas) which qualify for a successful commercialisation of big future demands.
Innoveas currently participates in the ownership of ten companies, five of them are in the healthcare and biomedical space and the five companies are focused on the physical sciences and engineering space; all of them offer tremendous growth potential. The Innoveas portfolio is broadly diversified and they are currently targeting at least a portfolio of 40 ventures. The existence of a strong IP position favours a positive decision for investment.
The initial R&D investments are mainly sponsored by the most prestigious universities in Germany. Innoveas is mandated by these universities and renowned academic institutions to assess in laboratory developments via 35 scientists and they have preferential access to untapped university research.
Innoveas have a unique funding model, for every Euro or Dollar of private money invested in the Company Innoveas raises the equivalent amount directly from the German government.
Global Equity Partners Plc., the wholly owned subsidiary of GEQU, will explore the opportunities available to the company within the Middle East and seek to investigate the viability of an IPO on Nasdaq Dubai and the expansion of the business into Universities in the Middle East.
Peter Smith, CEO of Global Equity International Inc., stated, "The business model of Innoveas is an excellent deal flow engine for IO based technology companies, their access to the Universities is unheard of and they have a good balance sheet to be starting with, we are excited about the possibilities for the company both in Dubai and the wider Middle Eastern areas."
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 not 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.
Enzo Taddei – CFO & Director
Tel + 321 200 0142
SOURCE Global Equity International Inc.