RENO, Nev., March 6, 2013 /PRNewswire/ -- Global Equity International Inc. (OTCQB Ticker: GEQU), a specialist consultancy firm based in Dubai and London has signed new consultancy contract with Scorpion Performance Inc., a Florida based corporation, 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 Scorpion Performance Inc. to assist the company with a full IPO on the Dubai NASDAQ. Our agreed fees will be cash and equity based.
Scorpion Performance Inc. is a precision manufacturer with two distinct divisions.
We at Global Equity International Inc. (GEQU) see Scorpion Performance Inc. being one of the market leaders in the U.A.E. for their medical products in particular and view the equity in Scorpion to be a tremendous long term asset for our Company and our shareholders. Peter Smith , CEO of Global Equity International Inc., commented: 'We have been talking to Scorpion Performance for many months now and we are delighted to be able to finally put pen to paper, Scorpion have a strong, innovative product range, great management and high ambition. We believe Scorpion will grow to become a market leader in its field in particular with its FDA approved medical technology."
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.|
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