NCT Group fka NCTI

[nodummy]

You must have missed this part from the filings:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=4862467

On December 21, 2006, NCT Group, Inc.'s indirect majority-owned subsidiary, Pro Tech Communications, Inc. ("Pro Tech"), informed its employees of its intention to cease operations involving the development, manufacture and distribution of all of its non-active noise reduction, or non-ANR, products, including Pro Tech's headsets and amplifiers for use in the contact center and quick-service restaurant markets. The exit from these non-ANR lines of business will include the termination of all operations at Pro Tech's Fort Pierce, Florida facilities. Pro Tech intends to continue its operations involving its ANR products, including its NoiseBuster audio headphone and hearing protection product lines, which will be based at NCT Group's Westport, Connecticut facilities.

Pro Tech evaluated various options for its non-ANR operations and decided to exit this business based in part on continuing significant losses involving its non-ANR operations, as well as its continued belief that Pro Tech's future prospects will depend on the growth in demand for Pro Tech's ANR products. Pro Tech expects to wind up its non-ANR operations within the next 30 to 45 days. Management anticipates NCT Group will recognize a one-time charge of approximately $468,000 in connection with this action in their fourth quarter 2006 financial statements. This estimate includes both cash and non-cash expenditures. The estimated portion of the exit costs that will result in future cash expenditures is approximately $170,000.


You quoted their business description from 2005. Six years ago. You'll notice on the site you took that business description from that some of the officers they list also resigned in 2006 and 2007 and 8Ks can be found filed by this company in 2006 and 2007 for those resignations.

NCTI shut down shop entirely not too long after that 8K.

Here I made a post about this company earlier today. I recommend people read it.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60199863