Geo Global Group Limited ("Geo Global" or the "Company") Audited Final Results The Company is pleased to present the audited financial results for the twelve month period to 30 September 2014. Over the past year, Geo Global Group has continued to expand its work on various projects, that allowed a deepening of its presence in emerging markets, with several projects being started at both an initial due diligence level and at more advance phases for some that include the establishment of more substantive business deriving from advisory activities. The Company has established new streams of revenue based on the new consultancy services it has offered, generating fees from companies, particularly in the U.S. through the Company's extensive international network. In addition, the Company streamed tine its structure white maintaining the ability to generate activities from both China and Brazil: it chose to forego the subsidiary structure model replaced by direct intervention directly or from one single subsidiary incorporated in Delaware. That approach decided within the calendar year and implemented post calendar year resulted in a leaner structure that has as a purpose the saving of operational costs going forward. Post reporting period, a major development occurred through the addition of Ivory Mint Holdings as a major shareholder and the resulting holding of a position of 20 million shares in Millennium Energy Corp, a Nevada corporation that has a 50 % joint venture with Westoil LLC, a Russian Oii and Gas business and that also has a joint venture and equity swap agreement with Avis Energy inc. a Canadian company that is a leader in patented technology related to renewable energy for waste to energy projects together with Avis Global Energy. We have to report a loss of USD 32,112 (2013: USD (325,508)) for the year ending 30 September 2014, after an increase in revenue and a fall in the fair value of investments during the year, and a cash position of USD 3,420 (2013: USD 4,280). The new capital structure of the Company and the existence of a strong asset in the shares newly owned in Milennium Energy Corp, valued by the bid size of such shares on the OTC markets in the U.S. at $ 40 million dollars, should allow management to seek financing in order to leverage that asset for the purpose of expanding business through direct investments in different asset classes; thus enhancing and diversifying the company's portfolio in the near future to benefit shareholders' value. I would like to take this opportunity to-thank shareholders for their continued support and look forward to updating the market on developments in the near future. Marc Koplik Non-Executive Chairman 27 February 2015 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 SEPTEMBER 2014 Year to 30 Year to 30 September September 2014 2013 US$ US$ Continuing operations Revenue 840,083 290,083 Operating expenses : Selling expenses (53,791) (4,979) General and administrative expenses (548,868) (488,801) Rent expense (3,415) (3,210) Total operating expenses (606,074) (496,990) Operating profit/(loss) 234,009 (206,907) Other income and expenses Change in fair value of investments (7,807) (59,448) Loss on fair valuation of assets held (5,810) (1,440) for sale Share of the loss of the joint venture - (54,034) Impairment of non-current available for (250,000) - sale investments Finance costs (2,504) (3,679) Loss before taxation (32,112) (325,508) Taxation - - Profit/(loss) for the year attributable (32,112) (325,508) to owners of the parent Other comprehensive income/(loss) for - - the year Total comprehensive income/(loss) for (32,112) (325,508) the year attributable to owners of the parent Earnings per share: Basic (cents) (0.04) (0.43) Diluted (cents) (0.04) (0.43) CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2014 2014 2013 US$ US$ ASSETS Non-current assets Investment in Joint Venture - 84,216 Available for sale investments - 250,000 Total non-current assets - 334,216 Current assets Assets held for sale 53,500 - Available for sale investments 5,864 11,570 Trade and other receivables 200,000 33,302 Cash and cash equivalents 3,420 4,280 Total current assets 262,784 49,152 Total assets 262,784 383,368 EQUITY AND LIABILITIES Current liabilities Borrowings 53,500 54,842 Trade and other payables 74,965 162,095 Total liabilities 128,465 216,937 Equity Issued capital 7,970 7,970 Share premium 3,080,042 3,080,042 Retained Earnings (3,899,253) (3,867,141) Share option reserve 945,560 945,560 Total equity attributable to equity 134,319 166,431 shareholders Total equity and liabilities 262,784 383,368 The financial information set out in this announcement does not constitute statutory accounts. This financial information has been extracted from the audited full accounts of the Company which will be available on the Company's ISDX Growth Market webpage. Geo Global has complied with Guidance Note 69.1 of the ISDX Growth Market - Rules for Issuers (which relates to the number of directorships held by directors) throughout the financial year ended 30 September 2014. The Directors do not propose to pay a dividend for the reported period. The Directors of Geo Global Group Limited accept responsibility for this announcement. Enquiries
Roger Bendelac, CEO Geo Global Group Ltd Tel: ++ 1 (347) 688 6901