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]

GNCC Capital (CE) (USOTC:GNCP)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more GNCC Capital (CE) Charts.
GNCC Capital (CE) (USOTC:GNCP)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more GNCC Capital (CE) Charts.