As the Company has now completed its reorganization, it is intended that the Company now evolve into a
The Company is in the final stages of acquiring two initial companies, one owning and operating land based gaming properties in
Completion of these acquisitions has taken longer than anticipated and primarily due to licensing requirements in respect of the
Both of these companies that we are seeking to acquire have strong Management and are well established. Management of these Companies, post our acquisition, will continue to manage and to grow these businesses.
These acquisitions will be funded through the issuance of various classes of shares of Preferred Stock and not through the issuance of shares of Common Stock nor through the issuance of Convertible Loan Notes.
The Company is reviewing the best options to extract value from its portfolio of
Upon completion of these acquisitions we will provide forward looking guidance as to our projected earnings and as to our strategy to grow our earnings through additional acquisitions to bolt onto these businesses being acquired.
The Company is finalizing its Second Quarterly Report for the period ended
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.
Ronald Y Lowenthal, 702-951-9793
E Mail: email@example.com
Web Site: www.gncc-capital.com
[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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