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Green Mountain Capital Inc (fka GMCI) RSS Feed

Followers
6
Posters
39
Posts (Today)
0
Posts (Total)
406
Created
12/16/04
Type
Free
Moderators
From the 10QSB dated 12-15-04: We were originally organized under the laws of New Hampshire in 1998 to design and develop advanced railway communications and data management systems. In July 2000, we completed the purchase of T & T Diesel Power, Ltd. ("T & T"). However, underperformance by T&T resulted in the sale of T&T in January 2003. We purchased Majestic Refilter on April 22, 2003. In September 2004, we entered into a Memorandum of Understanding with a third party to jointly continue the development of the Refilter product More detailed discussion of this product and its benefits to us are noted below. On April 25, 2003, we acquired all of the outstanding common shares of HMM Capital Holdings Inc. ("HMM") and with this transaction we also acquired the license to distribute the ARS Fire Safety Tec fire retardant doors. The fire safety door product has not performed to our expectations; even though we made every reasonable effort to find distributors, bulk manufacturers and others to assist bringing the product to its potential. Ultimately, we determined that it was no longer prudent to expend valuable time and financial resources in pursuit of this product. As such, we discontinued our efforts to market this product as of January 31, 2004. On September 24, 2004, we changed our name to Green Mountain Capital Inc. Our key corporate objectives and strategies for 2004 are: o To raise investment capital to make equity investments in operating companies to generate ongoing revenues for us; o To continue development of the Crosslogix and Refilter products so that these products can be brought to market. o To seek strategic partners with regard to these products to ensure adequate financing, development, production and sales for our products. http://biz.yahoo.com/e/041215/gmci.ob10qsb.html
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