Global Equity International Inc (OTCMKTS:GEQU) shares were down 1.96% on Tuesday to $0.0200 but recovered 3.34% in after-hours trading. Share prices have been trading in a 52-week range of $0.01 to $0.05. The company has a market cap of $15.82 million at 795.02 million shares outstanding.
Global Equity International Inc is a company that provides consulting services, such as corporate restructuring, advice on management buy outs, management recruitment and development for corporate marketing, investor and public relations, regulatory compliance and introductions to financiers, to companies desiring to be listed on stock exchanges in various parts of the world. Its operations are limited to insuring compliance with regional, state and national securities regulatory agencies and organizations as it advises and assists its clients in determining the corporate structure, which is suitable to their business models.
In its recent press release, Global Equity International Inc announced that it entered a Joint Venture Agreement with CPM SARL, which provides services that consist of seven distinct divisions varying from General Contracting, Project Management, Design and Supervision, Project Funding and Finance, Procurement, Waste to Energy and Real Estate Development. This company has recently closed and completed financing projects such as $780 million for a gold mine in South America and a $165 million for a water distribution and collection development business in Lebanon.
Our newly formed joint venture with CPM will allow us, the Billbarter Group and GEP, to streamline capital funding projects that require a minimum of 200 million dollars and that are primarily asset and cash backed. This may not be a ‘Giant step for mankind!’ but it is definitely a giant step in the right direction for all parties involved,” said Enzo Taddei, CFO of Global Equity International Inc.
CEO of CPM SARL Bill Alhussayni noted that there is a lot of synergy between these companies so he believes that they can complete many multi-million dollar deals in the future.
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