GNCC Capital, Inc. Publishes a Paper on Its Gold Coast Gaming Corp Operations
August 15 2014 - 12:21PM
Business Wire
GNCC Capital, Inc. (OTC:GNCP) (“The Company”) has today
published a “Management Discussion” pertaining to its recently
acquired Gold Coast Gaming Corp (“Gold Coast”).
This was filed on the OTC Disclosure Service; a link to this
filing:
http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=125120
This Management Discussion paper solely deals with and refutes a
number of allegations posted on Internet Stock Chat Forums that the
businesses owned by Gold Coast are not operating within the
Statutes as laid down by the State of Florida.
Such allegations are damaging and harmful to our stockholders
and are completely without foundation and have no legal validity
whatsoever.
It has become very clear that since our announcement of this
particular acquisition on August 12, 2014, that a lot of confusion
has been created amongst our stockholders through these
questionable postings on various Internet Stock Chat Forums.
The rationale for this acquisition was for Gold Coast to acquire
a number of similar operations in South Florida to create a
sizeable group of these Arcades and for Gold Coast’s Management to
utilize their experience and skill to improve those operations
acquired so as to achieve maximum profitability.
Gold Coast and GNCC consider this business model to be very
sound and financially viable. The existing Gold Coast Operations
are well established, profitable and extremely well managed. GNCC
did extensive due diligence into these operations prior to this
acquisition and remain very satisfied with this acquisition and
with Gold Coast’s prospects.
The Company’s recently appointed Chief Executive Officer, Peter
Voss, will be publishing an in depth report on the business of Gold
Coast, its acquisition/growth strategy and its prospects in South
Florida and very possibly, abroad.
Gold Coast is expected to contribute substantial profits to the
Company over a long period of time. It is expected that over time,
the business of Gold Coast could become as important to us as are
our Mining Exploration Properties.
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.
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.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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