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Global Concepts First Quarter Results Exceed All Projections May 31, 2005 7:00:00 AM Copyright Business Wire 2005 MONTCLAIR, N.J.--(BUSINESS WIRE)--May 31, 2005--
Global Concepts Ltd. (OTCBB: GCCP) 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.
The company confidently reports that 2nd quarter revenue should exceed $13,000,000 and that revenue for the full year of 2005 should easily reach $50,000,000. Income from operations at its major subsidiary, Compagnie Logistic Transport Automobile, S.A (CLTA), could exceed 5% of revenues. All of this is an exciting turn of events since the company adopted its new name last fall: Global Concepts, Ltd.
Ed Rodriguez, Global's Chairman and CEO, was jubilant, "My business plan, complete with revenue and profit projections, is happening just as I anticipated. We intend to close on our latest acquisition, SLATE, in the next few days, for which we will pay a small cash deposit and the balance over time. We are also in serious talks with other potential acquisition candidates. We believe that we can achieve real strength and growth from the absorption of similar transportation entities."
"Our management team, headed by CLTA's CEO, Dominique DeMaio, is prepared, in fact anxious, to take on these expanded responsibilities and have already proven themselves as our results indicate. Look for more exciting things to happen at Global. You won't be disappointed!"
About:
Global Concepts, Ltd. (GCCP) is a publicly traded company whose major subsidiary Compagnie Logistiquede Transports Automobiles, (CLTA) prepares thousands of new cars for delivery for Peugeot and Citroen, and has 60 car-carriers doing actual deliveries throughout Europe. One of CLTA's divisions, TransCuisinier moves containerized freight throughout France, at night, for all the major international airfreight forwarders including UPS, FEDEX and DHL.
In the U.S., GCCP has two divisions. J & J Marketing has designed a line of skin treatment creams that contain no chemical additives or preservatives, for use by both men and women. It's marketed under the brand name Savage Beauty. The other AMD has designed a low-cost home-testing kit for AIDS.
The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.
Source: Global Concepts, Ltd.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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Further updated GCCP DD reference post including last fridays Q & yesterdays guidance:
CEO of GCCP: Ed Rodrigues 973.233.1233
GCCP capital structure: Outstanding Shares: 90 million Restricted Shares: 50 million Float: 40 million All of the above #’s are rounded to the nearest million & are just approximate. You can verify for yourself at the transfer agent: Transfer Agent - 801.363.9065
GCCP SEC Filings: CIK #: 1055313
Quick stats from France on GCCP’s #1 company: Compagnie Logistic Transport Automobile, S.A.
Legal form: S.A.S. Corporate name: Logistic company of Automobile Transport Commercial name: CLTA Dept: 60 Address: 165, street Pierre Curie Limp Postale: - Postal code: 60230 Commune: Chambly Telephone: 01 30 28 98 30 Telefax: 01 30 28 98 32 Person in charge for the company: Domenica de Maio Person in charge for exploitation: Pierre Alleaume Sales manager: Patrick Cavecchi Manpower of the company: 150 A number of vehicles: 100
Slightly altered nyse50’s vision/view which is just an opinion shared by many: That vision is of a company with Revenues, Sales and PROFITS. Most of us here never trade in companies with profits or even ones with an Earnings Per Share (EPS). The truth of the matter is we don't know how to view OTC's with EPS. Consider, if GCCP files the 2nd Q in a timely manner & we ACTUALLY READ of profits, what is the 'VALUE' of the stock at that time? Based on yesterdays forward guidance, how fast are we growing and what are the implications the EPS might just grow either sequentially or perhaps exponentially?
More DD from April 2005 mostly done by mmiller with some added by aznasdaq which represents a time line of accomplishments for GCCP starting with June of 2004, as prior to this the company had minimal success, pretty much just a shell company at that time.:
GCCP:Company Profile, (provided by aznasdq).
GCCP is a holding company with three subsidiaries:
Compagnie Logistique de Transports Automobiles ("CLTA"). CLTA is a French corporation located in Nugent sur Oise, France. Its principal business is warehousing automobiles for Peugeot and Citroen, then completing the final dealer preparation work before the automobiles are delivered. CLTA also performs brake installation and testing of new cars for Peugeot.
Advanced Medical Diagnostics LLC . Advanced Medical Diagnostics is engaged in the business of manufacturing and distributing the "Advanced Medical Diagnostics HIV (1 & 2) Rapid Test." This diagnostic kit, which we sell for under $5.00, permits an individual to test himself for the HIV virus. Advanced Medical Diagnostics is marketing the kit in Asia, Africa and Latin America. The kit is not approved for sale in the United States or within the European Union.
J&J Marketing, LLC. J&J Marketing is engaged in the business of producing and distributing non-medicated pharmaceutical personal care products under the trademark "Savage Beauty."
History:
On June 3rd 2004, GCCP announced the purchase of AMD, and the ability to offer low cost home HIV test kits. These test kits have a 99% accuracy rate, and can be sold for under 5.00 per kit. This started the rise in share price to reach .44.
There have been several PR's relating to the HIV test Kits and the prospects of sales to other countries, including meeting with the United Nations reps.
On Sep 16th 2004, GCCP received a order from Brazil for 100,000 test kits, with anticipated future orders for 1-5 mil kits @ 4.00 each, with a 1.00 profit per kit.
On Sep 21 2004, GCCP purchased a 80% interest in J&J marketing "Savage Beauty" a chemical and preservative free skin care products Co. Guidance gives 2 mil annual rev's, and a profit of 635k.
On OCT 6 2004, GCCP announced that they purchased a 60% controlling interest in CLTA (a French transportation co). Expectations of over 20 mil in Revs during the first year.
We have not included all of the PR's only key ones that show the progress. Up until this last qrt that we are waiting on to be reported, income was not worth talking about. At one point a reverse split was planned but canceled due to upset share holders. There is currently aprox 90mil shares out, with a float of 40mil, insiders own a considerable amount.
In fact insiders purchased 8,439,000 shares on thr open market from .09 - .325 per share. (provided by itsonlymuni).
On 5-19-05 The K was filed for 2004. Still no Dilution, Insiders are helping finance the operations. The upcoming Q’s should set this stock on fire as per 8K's.
We must remember in what a short period of time this company has achieved so many things, all without dilution.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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Looks interesting, The volume has jumped down today maybe a good buying opportunity for a quick flip.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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