GT Legend Automotive Holdings Inc (GTLA)

[ronsha]

More news this morning!!!
Compassionate Therapeutic Solutions, LLC Announces Profit Projections

COLORADO SPRINGS, Colo., May 6, 2010 (GlobeNewswire via COMTEX) -- GT Legend Automotive Holdings, Inc. (Pink Sheets:GTLA) in conjunction with Compassionate Therapeutic Solutions, LLC, released a statement today discussing its profit projections.
The company has opened a licensed grow facility, thus reducing product costs and doubling profit margins. Now, instead of generating revenues of $75,000 per month, each location can bring in $150,000 per month, totaling $1,800,000 per year per center.

According to an article posted on CNBC.com, CNBC estimates that the marijuana industry is a $40 billion a year market (Source: http://classic.cnbc.com/id/36331495). The state of Colorado receives over 1,000 applications per day for authorized marijuana permit cards, yielding $90,000 per day in revenue from the registration fees (Source: Green Rights Radio 101.5, Denver).

Eugene Espinosa, President of GTLA, states, "Medical marijuana sells for around $420.00 per ounce, and the average patient's purchase is two ounces of product per month. Since we're utilizing our independent, licensed grow facility, we are able to increase our profit margin by approximately $100.00 per ounce of product, leading to amplified revenues."