GNCC Capital, Inc. Confirms Talks on Further Acquisitions
NEW YORK--(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.
“McCracken, Alamo, North Rawhide, White Hills, Esther Basin, Burnt Well, Clara, Kit Carson, Silverfields and Potts Mountain”
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.
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.