NEW YORK --(BUSINESS WIRE)-- GNCC Capital, Inc. (OTC: GNCP) is issuing this release in response to innumerable stockholder requests for clarification. On January 16, 2013 , we extended our sincerest apologies to our stockholders over the late filing of our Annual Report as we had undertaken to file this report by no later than January 15, 2014 . The Annual report has to be filed with an Attorney’s Letter under OTC Rules and Regulations. Our Attorney has undertaken to us, that this will be done and very shortly. The Annual Report contains nothing out of the ordinary that has not already been filed with the OTC Markets and we have no ulterior motives to delay publication of this Report, as has been suggested in correspondence to our Directors. Whilst we are apologetic for this delay, we remain solely focused on our mission to extract value from our Mining Exploration Portfolio. We have already served stockholder interests through non exploration interests, this being the two recent corporate actions, namely a stock repurchase program and significant reductions in our long term debt. We are completing our strategic reviews of our entire Portfolio and expect to be in a position to report shortly on three of those Properties once our Geologist responsible for those, Craig Parkinson , has completed and signed the reports. These are “Kit Carson, Burnt Well and Clara”. We are carefully weighing up options on the additional three properties, namely “Ester Basin, Silverfields and Potts Mountain” as well as on the strong possibility that we are going to be optioning adjoining properties to these three; and once the Geological Reports are completed and signed, we will update on those. Our exploration planning on our additional remaining property, “White Hills” is being worked on separately and we will update as soon as is possible. We will be announcing increases to our existing portfolio where we have already recently increased our interests as well as various options over additional adjoining parcels. We are not in a position to divulge this commercially sensitive data until we have completed these tasks. About GNCC Capital, Inc. : GNCC Capital, Inc. is primarily a Gold Exploration Company , with a secondary focus on Silver Exploration. The initial exploration properties are located in Arizona and consist of “White Hills, Esther Basin , Burnt Well, Clara, Kit Carson , Silverfields and Potts Mountain ". The Company intends to create significant value for its initial portfolio of properties through continued exploration, joint ventures, and through the acquisition of additional Gold and Silver Exploration assets. GNCC Capital, Inc. is a current information filer on the OTC Markets under the symbol “GNCP”. 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. N.E. “Ted” Blom – President & CEO Telephone: 702-951-9793 E Mail: firstname.lastname@example.org or Investor Relations Contact: E Mail: email@example.com Web Site: www.gncc-capital.com Twitter: 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] Source: GNCC Capital, Inc.
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