The Board of Directors of GNCC Capital, Inc. (“the Company” or “GNCC”) confirms that
Premier Development & Investment, Inc. (OTC: PDIV”) (“Premier”) continues to hold
15,000,000,000 (Fifteen billion) shares of restricted shares of GNCC Voting Common Stock.
Premier is the single largest shareholder of GNCC, holding 37.68% of GNCC’s shares of
outstanding Common Stock.
Premier holds these shares of GNCC Common Stock through its wholly owned subsidiary
Company, Premier Equity Investments, Inc. (“PEI”).
The two Directors of GNCC are also the sole Directors of both Premier and PEI.
Premier will in all likelihood be increasing its position in GNCC’s shares of Common Stock but
will not exceed an amount of 49.9% of GNCC’s shares of outstanding Common Stock.
PEI had originally agreed to purchase shares of GNCC shares of Series “A”, “B” and “C”
Convertible Preferred Stock; from various GNCC shareholders. By mutual consent, these
transactions were terminated. It was decided that such transactions would provide PEI with
undue influence over GNCC affairs as any transactions between Premier and GNCC will be
ruled as related party; regardless, given the size of the existing PEI holding in GNCC and the
Common Directorships.
GNCC today filed the requisite Disclosures pertaining to the shares of Series “A”, “B” and “C”
Convertible Preferred Stock.
DATED: MARCH 1, 2021
