GNCC Capital, Inc. (OTC:GNCP) (“The Company”) confirmed in a
press release on September 2, 2014 that it is in discussions with
various parties on further acquisitions, any one of these, which if
concluded, would materially improve existing revenues and
profits.
Following a large number of stockholder enquiries following the
posting of an Internet Blog and Press Release, claiming that the
Company was negotiating to acquire a Chinese Toy Manufacturer, the
Company categorically denies that it is (or was) at any time,
engaged in any such talks.
However, the Company is now a position to confirm that it is now
that it is in very detailed and final negotiations to acquire a
100% interest in an established Company based in California; and
operating in the “Internet SEO and Social Media” space.
This Company meets our acquisition criteria track record
requirements: namely, established Management, strong sustainable
revenues, cash flow and profits with minimal Capex requirements and
little to none Accounts Receivable or Inventory. The Company under
consideration has a strong 6 year track record, Great Management
whom will continue on long term Agreements, occupy a niche in this
specialized marketplace (“The Fabled Moat”), with Strong and
Consistent Revenues, Cash Flow and EBITDA in excess of 15% of Gross
Revenues.
We expect to conclude these negotiations very quickly as of now;
but and only if successful in this acquisition, which if concluded,
will we be in a position announce full details late today at the
earliest; failing which by the end of the this week, on Friday.
However, we had not expected to disclose any details of this
acquisition until its completion but it appears that external
circumstances, completely beyond our control, has forced and
obliged us to rebuff these false rumors and to set out our
acquisition targets in order to protect our stockholders from false
and misleading Internet rumors.
Needless to say, the Company will, announce publicly as well as
file all of the various requisite filings on the OTC Markets
Information & Disclosure Service in respect of this acquisition
immediately; but and only upon its successful completion.
The Directors and Management of GNCC are prepared to state at
this point, that should this particular acquisition be completed,
that “It will enable GNCC and its main operating
Subsidiary companies to (a) utilize the strengths and internal
expertise of the acquired Company to complete upon its various
required corporate web sites, and (b) position GNCC and its various
subsidiaries on the web and on Internet Search Engines, and (c)
allow GNCC and its various subsidiaries to draw upon the acquired
company’s combined Management and Employee talent in order, and to
(d) to favorably position GNCC and its subsidiaries on various
internet search engines for the benefit of its stockholders; and
furthermore position GNCC and its subsidiaries to promptly deal
with lies, disinformation, lies and malicious comments that are
spread on the Internet by those with hidden agendas and ulterior
motives, thereby again serving our stockholder interests”.
Above all, GNCC requirements are that this acquisition, if
completed, meets the fiscal and operational requirements as are
rigorously enforced by GNCC on all acquisitions. GNCC’s primary
objective in this acquisition is to meet its requirements, which
are, namely: Established Management, strong sustainable revenues,
cash flow and profits with minimal Capex requirements and little to
none capital requirements in respect of the funding of either
Accounts Receivable or Inventory.
The Company will confirm that it is also now also in very
advanced stage talks:
(a) Insofar as Gold Coast Gaming Corp
Management at this time, is in final closure talks on 2 (Two)
additional, similar, geographically compatible and well established
gaming operations in South Florida and for cash. The completion of
these two transactions (if concluded on current terms) is expected
to (a) Increase Existing Revenues substantially (by and by as much
as 200%); and immediately and, to (b) Improve our Existing Group
EDITDA by at least 220% and with effect from the date of the
completion of these two aforesaid acquisitions; and (b) And
in addition of these ongoing discussions, the Company confirms that
it remains in detailed talks to acquire a company in the business
of trading index related futures. Needless to say, the
Company will, announce publicly as well as file all of the various
requisite filings on the OTC Markets Information & Disclosure
Service in respect of these Gaming acquisitions immediately; but
and only upon their successful completion. The Company
reiterates that it remains in discussions with various parties on
further acquisitions, in a variety of selected Industry Sectors,
any one of these, if concluded, would still materially improve upon
existing revenues and profits.
About GNCC Capital, Inc.:
GNCC Capital, Inc. is a Diversified Holding Company which at
present has a number of subsidiary companies which are engaged in
the owning and operation of Adult Social Gaming Arcades in South
Florida and is in Mining Exploration in Arizona. GNCC Capital, Inc.
is a Current Information Filer on the OTC Markets.
The Company’s Adult Social Gaming Arcades in South Florida
currently operate under Gold Coast Gaming Corporation and as
“Boardwalk Brothers” and as ”Play It Again”. The Company will
aggressively continue to pursue suitable acquisition targets in
South Florida in this Sector.
The Company’s Gold & Silver Mining Exploration properties
are located in Arizona and consist of “McCracken, Alamo, North
Rawhide, White Hills, Esther Basin, Burnt Well, Clara, Kit Carson,
Silverfields and Potts Mountain".
The Company intends to continue to into other Industry Sectors
through acquisitions as they present themselves and upon our stated
criteria.
Forward-Looking Statements:
This press release may contain forward-looking statements. The
words "believe," "expect," "should," "intend," "estimate,"
"projects," variations of such words and similar expressions
identify forward-looking statements, but their absence does not
mean that a statement is not a forward-looking statement. These
forward-looking statements are based upon the Company's current
expectations and are subject to a number of risks, uncertainties
and assumptions. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Among the important factors that could
cause actual results to differ significantly from those expressed
or implied by such forward-looking statements are risks that are
detailed in the Company's filings, which are on file with the OTC
Markets Group.
GNCC CAPITAL, INC.Ronald Y Lowenthal,
702-951-9793Executive Chairmancorporate@gncc-capital.comorPeter
Voss, 702-951-9793Chief Executive
Officercorporate@gncc-capital.comorInvestor Relations:E Mail:
investor@gncc-capital.comWeb Site: www.gncc-capital.comTwitter:
https://twitter.com/GNCCCapital[We would be very appreciative if
all investor questions be directed to this E mail address and not
to our telephone voicemail until such time as we have appointed a
dedicated Investors Relations Firm whom will deal with all
telephonic enquiries]
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