GNCC Capital Inc. Announces Intention to Refile and Relist to Pursue AI Opportunities
NEW YORK, March 20, 2024 – GNCC Capital Inc. (OTC: GNCC) today announced its intention to file all delinquent required filings with regulators in order to regain active status and relist on the OTC Bulletin Board exchange. This move is part of a new corporate strategy to reposition GNCC as an artificial intelligence (AI) company leveraging its "jack of all trades" business philosophy.
"After carefully evaluating multiple paths forward, GNCC's leadership team has determined that the immense growth potential of the AI sector presents a compelling opportunity that aligns with our core competencies," said Ron Lowenstall, CEO of GNCC Capital. "We believe our ability to be a master of many disciplines yet masters of none gives us a unique advantage to compete and innovate in this rapidly evolving space."
GNCC plans to develop proprietary AI solutions capable of addressing diverse industry needs through advanced machine learning capabilities. The company intends to unveil details of its AI product roadmap and go-to-market strategy when business conditions are optimal to maximize the likelihood of success. GNCC's objective is to establish itself as a formidable AI force alongside current industry leaders such as NVIDIA, Supermicro, Microsoft, and newly public Astera Labs. It is our sincere goal to achieve a market capitalization that will dwarf those of the industry leaders.
"We have proceeded cautiously in mapping out GNCC's AI ambitions to ensure we are primed to execute with excellence from day one," added Lowenstall. "Refiling, relisting, and raising growth capital are crucial first steps that will enable us to hit the ground running in this burgeoning market."
GNCC Capital Inc. is committed to revitalizing its business and delivering long-term value creation for shareholders through its AI endeavors. The company will provide further updates on key milestones as it officially embarks on this transformative new path. "We are now in a position to be relatively certain that we are within a reasonable time frame, subject to certain approvals from our main financier in a timeous execution window," added Lowenstall.
