GNCC Capital, Inc. (OTC:GNCP) (“The Company”) confirms that it is making an application for a new CUSIP Number, as a one hour expedite request, on Monday November 24, 2014; following its re-domicile from Delaware to Wyoming.
The Company will file, on the OTC Markets Disclosure Service, as a Supplemental Information Filing, the new CUSIP Number.
The Transfer Agent to the Company will implement all necessary actions as are required and upon their receipt of the new CUSIP Number.
GNCC Capital, Inc. (OTCBB: GNCP) 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.
GNCP has taken some restructuring steps intended to bolster specific existing operations. Read about these plans and actions in the report that follows:
The laboratory assay testing returned gold values ranging from non-detect to 2.33 ounces gold per ton, with an average of .055 ounces per ton. The results of the analytical laboratory testing accompany this report.
“White Hills” is one of the Company’s larger exploration property groups and is situated on 1,678 acres in Mohave County, Arizona.
The results of reported production in the project area show that metal values are locally of high grade
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GNCC’s Press Release dated August 12, 2014 stated that “At present, with its initial two operational sites, Gold Coast is expected to generate annual net revenues of $1.6 million and Annual Gross Gaming of $4,500,000.” This statement is hereby revised, as follows:-
“At present, with its initial two operational Arcades, Gold Coast is expected to generate Annual Gross Gaming in this fiscal year ending September 30, 2015, of $11,000,000, this excludes the impact of further acquisitions.”
Furthermore, this statement in that same Press Release dated August 12, 2014, “That Management expects that Gold Coast will own and operate no less than six such operations by October 31, 2014. This is expected to result in annual net revenues of $5 million and Gross Gaming of $15 million”; is hereby revised as follows:-
“Management expects that Gold Coast will own and operate no less than four such operations by December 31, 2014. This is expected to result in annual Gross Gaming of $22 million. The anticipated acquisition of two additional Gaming Arcades in the Second Quarter ending March 31, 2015, bringing the number of Arcades to six, is expected to result in annual Gross Gaming of $33 million.”
