GNCC Capital, Inc. Confirms Talks on Further Acquisitions
02 September 2014 - 5:44PM
Business Wire
GNCC Capital, Inc. (OTC: GNCP) (“The Company”) confirms that it
is in discussions with various parties on further acquisitions, any
one of these, if concluded, will materially improve existing
revenues and profits.
As the Company has now completed its reorganization, it is
intended that the Company now evolve into a Diversified Holding
Company with an emphasis on strong cash generation and
on earnings per share. On August 12, 2014, the Company
completed its acquisition of Gold Coast Gaming Corp which is now
contributing revenues and profits to the Company and from that
date.
In addition of these ongoing discussions, the Company remains in
talks to acquire a company in the business of trading index
related futures.
The Company will update stockholders accordingly.
Peter Voss, the recently appointed Group Chief Executive
Officer, will be updating stockholders this week on the Company’s
existing operations and on further acquisitions in the Social
Gaming Arcade Sector.
The Company has elected not to increase its Mining Exploration
Portfolio whatsoever and is now solely focused on profitable
companies which meet our acquisition criteria. The Company will not
issue any shares of Common Stock to fund any acquisitions.
Furthermore, the Company confirms and reiterates that it will
not contemplate a Reverse Split of its stock. The Directors firmly
believe that such an action is contrary to stockholder
interests.
About GNCC Capital, Inc.:
GNCC Capital, Inc. is a Holding Company which at present has a
number of subsidiary companies which are engaged in Adult Social
Gaming Arcades in South Florida and in Mining Exploration. GNCC
Capital, Inc. is a Current Information Filer on the OTC
Markets.
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 diversify into other Industry
Sectors through acquisitions.
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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