Sunday, November 02, 2008 1:53:24 AM
The SEC inquiry has yet to finalize however GMCC has recently received authorization from our legal firm in the SEC inquiry to recommence the efforts of REMAT Systems, LLC (a wholly owned subsidiary of GMC Holding Corp.). The company can now begin to explore the opportunities, which have been presented since the SEC inquiry began. Again, the company cannot comment further on the inquiry due to the lack of information and communication with the SEC.
REMAT is assembling a Board of Directors, Advisory Board, Executive Management Team, and an independent R&D team to further REMAT technologies and product line.
GMC Holding Corp. has retained AES Financial Advisors, a New York based firm to assist in the non-technical aspects of this process.
GMC Holding Corp. would like to express its encouragement with the favorable outlook of the company's direction. We believe there is reestablished momentum and a stronger vision for the direction of REMAT Systems, LLC.
The company thanks you for your patience and understanding and we hope to continue with favorable news in the coming months.
Any questions in regards to this letter or any other company information please direct them to Dan York. dan@gmcholdings.com or phone 214 675-2531.
http://www.gmcholdings.com/
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