Dubai, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Global Equity International, Inc. (OTCQB: GEQU) and
Mammoth Corporation would like to jointly announce that both parties have executed a legally binding agreement whereby Mammoth
Corporation agreed to suspend further conversion of debt into equity and receive the remaining outstanding debt in six equal and
manageable payments commencing January 15, 2018 and ending June 15, 2018. Subject to the agreement, Global Equity International
Inc. agreed to allow Mammoth Corporation to execute one final conversion into equity, as it was their contractual right to do so
anyway. In order to mitigate this final conversion, both parties agreed that Mammoth would be limited to a dribble-out and only be
able to sell at a maximum rate of 15% of the Company´s daily trading volume. This dribble-out selling limitation should inherently
allow the Company´s stock to continue to trade unencumbered.
Enzo Taddei, CFO of Global Equity International Inc., said: “I am very happy with the deal
that I struck with Mr. Brad Hare, President of Mammoth Corporation, as it now allows us to finally put a cap on dilution and also
allows us to maximize and manage the minimum US$2.64 million capital funding that we contractually agreed and expect to start to
receive from William Marshal Plc. in tranches within this month of December. I have found Mammoth Corporation, and in particular
Mr. Hare, to be serious industry professionals; they actually listen to the companies that they invest in and are always willing to
make accommodations when it makes sense to do so. In the past, Mammoth has converted part of our debt to equity but has never
proven to be an aggressive seller of our Company´s stock.”
Brad Hare, President of Mammoth Corporation, said: “After seeing the recently announced
accomplishments of Global Equity International, we are confident that entering into this agreement will help the Company toward
achieving its long term goals and enable management to execute on its business plan. As an additional vote of confidence, we think
it will further benefit the Company to limit our possible sales with the inclusion of a dribble-out agreement.”
About Global Equity International Inc. and Subsidiaries.
Global Equity International Inc., through its wholly-owned foreign subsidiaries, 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.
Safe Harbor 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.
Contact details: Mr. Enzo Taddei Director and officer of Global Equity International Inc. Tel. + (1) 321 200 0142 Web: www.globalquityinternational.com Email: ir@globalequityinternational.com Mr. Brad Hare President of Mammoth Corporation Tel. +(1) 847 540 5044 Email: brad@mammothcash.com Web: www.mammoth4cash.com Mr. Bruce A. Haase RedChip Companies Inc. Tel: +(1) 407 644 4256 - Ext. 131 Email: bruce@redchip.com Web: www.redchip.com
