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GCCP - Global Concepts First Quarter Results Exceed All Projections
Tuesday May 31, 7:00 am ET


MONTCLAIR, N.J.--(BUSINESS WIRE)--May 31, 2005--Global Concepts Ltd. (OTCBB: GCCP - News) announced today that it's January through March revenue and operating profit were dramatic increases over all previous figures. All details are in the company's 10-QSB just filed.
Revenue in this 1st quarter was $9,954,000 compared to $10,000 in the 1st quarter of 2004. This revenue was double that of the 4th quarter of 2004. Income from operations soared in the first quarter to a positive $357,000 compared to last year's loss of $49,000 in the 1st quarter of 2004. After deduction of interest and an allowance for the minority interest in CLTA, the company reported a net loss of $17,000.