MLXO may want to try this with Cornell
Seems to be working with GCCPe
Global Concepts Describes History of Relationship with Cornell Capital Partners
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GCCP
MONTCLAIR, N.J., March 10, 2005 (PRIMEZONE) -- Global Concepts, Ltd. (GCCP - news) announced today that it modified its relationship with Cornell Capital Partners on January 26, 2005. On that date, the existing debt and an additional $500,000 loan were combined into a $1.5MM promissory note. Global Concepts is required to make monthly payments of $250,000 on the note commencing on August 26, 2005. If Global Concepts defaults in making those payments, Cornell Capital Partners may convert the principal and interest on the note into Global Concepts common stock.
Global Concepts has not issued any common stock to Cornell Capital Partners other than 4,242,424 restricted shares that were issued in November 2004. The Registration Statement on Form SB-2 that Global Concepts filed in December 2004 to permit Cornell Capital Partners to sell Global Concepts shares to the public was withdrawn on February 1, 2005.
For further information contact Ed Rodriguez at 973-233-1233.
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