GNCC Capital, Inc. (OTC:GNCP) (“The Company”) has acquired a
100% interest in a Reputation Management company and with immediate
effect.
This Reputation Management Company is based in Southern
California; and operates 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 Capital expenditure
requirements and little to no Accounts Receivable or Inventory. The
Company has a 6 year track record and strong Management whom will
continue on long term Agreements.
ACQUISITION OF REPUTATION MANAGEMENT COMPANY:-
GNCC has acquired the entire interest in a Reputation Management
Company (“RM”), effective September 18, 2014. RM will contribute to
the Company’s revenues with immediate effect and will be accounted
for in the Company’s Annual Results to September 30, 2014.
The Company acquired RM through the issuance of shares of Series
H Convertible Preferred Stock.
Full details of this acquisition have been filed today on the
OTC Markets Disclosure Service. A Link to this
Filing:http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=126746.
The Directors of RM have prepared a very extensive “Management
Discussion Analysis” on the business on RM, this has been filed
today on the OTC Markets Disclosure Service. A Link to this
Filing:http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=126747.
The Company will not be taking any impairment charges on this
acquisition as it is comprised of various fixed and tangible assets
and goodwill. No liabilities are being assumed in this
acquisition.
GNCC and RM have entered into initial three year service and
employment agreements with the Directors of RM.
THE BUSINESS AND PROSPECTS OF THIS REPUTATION MANAGEMENT
COMPANY:-
RM is a well-established and profitable company, specializing in
Reputation Management for Brands and Individuals and it is at the
cutting edge of this industry. The directors, have an extremely
solid and proven track record, in building and scaling on-line
businesses.
RM has a very stable revenue stream and an impressive client
list on which to build further. The white- hat expertise and
techniques used incorporate; Social Media, SEO (Search Engine
Optimization) and SEM (Search Engine Marketing). This acquisition
will enable management to focus on growing revenues and continuing
their development of software, which will automate the vast
majority of the processes required.
RM are currently in beta mode for, what will be, the first
Reputation Monitoring and Management software, enabling Politicians
to manage how they are perceived online. The software will be used
to help identify conversations that appear online, offer up
solutions and to be proactive in preventing these from staying in
the search engines and to keep up to date on conversations that are
being said about their constituents. The software will not only
aggregate, in real time, content that exists on the web, but will
take it one step further and offer up suggestions on what to do
when the content does appear.
Clients will purchase the software and have access to the data.
There will also be a business model to help service clients when
they do not have a team internally to help respond to negative or
positive press that appears online.
The market size is huge, with political marketing expected to
grow to over $20b by 2016 in the US. This is not only fueled by
national election years, but also local state and city elections.
In addition to the US market, there is interest being expressed
from both Mexico and the Philippines
Reputation Management is amongst the fastest growing sectors of
the on-line industry. The explosive growth of the Internet has
dramatically changed the demands of reputation management. There
are few barriers to publishing online, and every author has at
least the potential of reaching broad audiences. There are also few
laws regulating online information. Content is often posted
anonymously, and website operators have legal immunity over what is
posted on their sites. In many cases there is no one to prosecute,
and no leverage to demand retractions.
Online reputation management (ORM) first appeared in the
mid-1990s, and has grown along with Internet use. These changes
have also forced a much more proactive stance toward the protection
of brand integrity. Security professionals now have a broad mandate
for investigating, addressing and resolving online threats to the
reputation of their company and its executives.
APPOINTMENT TO GNCC ADVISORY COMMITTEE:-
The Company has appointed the Chief Executive Officer of this
Reputation Management Company, David J. Harris to its Advisory
Committee and with immediate effect.
STRATEGIC BENEFITS TO GNCC:
In addition to the revenues, profits, growth and new directions
mentioned above, the Directors of GNCC see additional benefits in
that this acquisition will enable GNCC and its main operating
Subsidiary companies to (a) utilize the strengths and internal
expertise of RM 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.
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, Internet and Social Media Reputation Management based in
California 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 diversify into other Industry
Sectors through acquisitions as they present themselves and only
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 ChairmanE Mail:
corporate@gncc-capital.comorPeter Voss, 702-951-9793Chief Executive
OfficerE Mail: corporate@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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