GNCC Capital, Inc. Issues a Clarification
November 17 2014 - 5:14PM
Business Wire
GNCC Capital, Inc. (OTC: GNCP) (“The Company”) clarifies its
position on its Stock Repurchase Program following this morning’s
Press Release.
The Company is absolutely committed to its stated Stock
Repurchase Program of up to $750,000.
The Company was highlighting that it was cancelling up to 29% of
its outstanding shares of Common Stock and revising existing
agreements to prevent additional shares of Common Stock from
entering the “Free Float”.
The statement that, “The Company’s Management believes that it
is illogical to expend any sums of monies on any future stock
repurchases, in the market, from either Loan Term Convertible Loan
Note Holders or from any other third parties that have directly or
indirectly contracted with the Company and/or its subsidiary
companies.”;
Meant That:
The Company was solely interested in repurchasing shares of its
Common Stock in the market from Sellers other than Loan Term
Convertible Loan Note Holders or from any other third parties that
have directly or indirectly contracted with the Company and/or its
subsidiary companies.
About GNCC Capital, Inc.:
GNCC Capital, Inc. is a Diversified Holding Company which at
present has Revenue Generating, Cash Positive and Profitable
subsidiary companies which are engaged in the owning and operation
of Adult Social Gaming Arcades based in South Florida. The Company
also has significant assets in Gold & Silver Mining Exploration
in Arizona. GNCC Capital, Inc. is a Current Information Filer on
the OTC Markets.
The Company’s most profitable assets, at this time, are our
Adult Social Gaming Arcades in South Florida which are currently
operating under our Gold Coast Gaming Corporation and as “Boardwalk
Brothers” and ”Play It Again”. The Company is aggressively pursuing
suitable acquisition targets in South Florida and in this
Sector.
The Company also intends to continue to diversify into other
Industry Sectors through acquisitions and as they present
themselves; 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, Executive Chairman,
(702) 951-9793E Mail: corporate@gncc-capital.comPeter Voss, Chief
Executive Officer, (702) 951-9793E 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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