GT Legend Automotive Holdings Inc (GTLA)

[TOUCAN]

01-27-10 NEWS:

GT Legend Automotive Provides an Update on Pinksheets.com Postings:

FULLERTON, Calif., Jan. 27, 2010 (GLOBE NEWSWIRE) -- GT Legend Automotive Holdings, Inc. (Pink Sheets:GTLA - News) announced today that the company is in the process of preparing updated financial statements and disclosures which will be posted to Pinksheets.com. The company expects the status to be upgraded in short order.

Once the information is posted to Pinksheets.com, it becomes public and can be found by entering "GTLA" in the search box, then clicking on the "FILINGS" tab. Due to the number of filings that Pinksheets.com receives per week, it typically takes their staff between one and five business days to review all the information, and to determine if the status may be advanced from "stop" to "current."

Please check www.pinksheets.com periodically for the most up to date company information.

In addition, GTLA is in the process of finalizing the memorandum of understanding with Sovereign Transfer Services Corporation involving a share exchange. Legal agreements are expected to be finalized within the next several weeks.