Global Concepts 10Q Highlights Dramatic Turn-Around 8/11/2005 7:00:09 AM MONTCLAIR, N.J., Aug 11, 2005 (PRIMEZONE via COMTEX) -- Global Concepts Ltd. ( GCCP ) announced today that second quarter consolidated results indicate revenues of $11,000,000. In the same period last year, the Company reported revenues of under $50,000.
Equally as exciting is the 1-penny per share earnings for the second quarter with a $483,000 profit. This is after all expenses including interest and charges for stock based compensation, as well as an allowance for an 18% minority interest in Global Concepts' principal subsidiary.
The Six Months Gross Profit of $3,768,000 represent another remarkable increase over the same period last year in which the Company reported a loss of $10,000.
"We have had tremendous growth this first half of 2005," stated company Chairman and CEO, Ed Rodriguez. "We feel that Global Concepts is well positioned in our industry to post even better results in the latter half of 2005. Our last two acquisitions, SLATE in July and TTAM in July, already are producing tremendous growth."
About Global Concepts Ltd. (GCCP)
Global Concepts, Ltd. (GCCP) is a publicly traded company whose major subsidiary, Compagnie Logistic Transport Automobile, S.A. (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.
Forward-Looking Statements:
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain additional Indian gaming and other projects. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.
SOURCE: Global Concepts Ltd.
Premier Funding Service Kelly Black, President (480) 649-8224, Office (480) 898-0406, Fax kblack@premierfundingservice.com
(C) 2005 PRIMEZONE, All rights reserved.
Posted by roadrunnerv8383 on :
gapping already
Posted by kt325ci on :
sweet! A profitable company at 20 cents. That's a no brainer.
Posted by roadrunnerv8383 on :
should see .30-.40 easy and high as .60 near term. glad i caught it a few weeks ago at .16, only 4 months ago GCCP was at .04
Posted by Hiram on :
This is going to be fun. Stamp that man's member card.
Posted by kt325ci on :
mm's trying to keep the pps down
Posted by roadrunnerv8383 on :
this aint right, i didnt think the MMs would hold it down with the official news about earnings, 1 cent per share profit also. they held GCCP a few weeks also, at .16-.18 then it busted to .22, might be cornell also.
Posted by Hiram on :
yikes. I'm taking my stamp back.
Posted by roadrunnerv8383 on :
obvious manipulation, 1 cent per share earnings is huge news. not many profitable penny stocks trading under a quarter in the OTC. the only thing this stock has against it is cornell financing. but cornell will be gone soon and thats when the stock will really take off.
Posted by Hiram on :
or the market already priced in a larger announcement.
Posted by Hiram on :
average down at 10:30 or 11:00 and see what happens.
Posted by roadrunnerv8383 on :
with a 40 million float and 91 million O/S and at 1 cent per share profit, this will see .60s but you wont see this till after GCCP announces the termination of cornells sevices. so till then it will be manipulated and MMs want your shares. thier dropping the price to make investors panic.
Posted by kt325ci on :
I believe the pps is dropping due to the revenue numbers coming in lower than expected. They thought it would exceed $15 million but the aquisition of SLATE didn't close in time and will be recorded in Q3.
There was probably a big seller this morning. It should have a nice rebound. WAYYYY undervalued at these prices!
Posted by Neptunetrader94 on :
roadrunner, why are you so confident about this? When do you think the termination of cornell will come?
Kt325, do you really think it will rebound?
THis thing looks like a bomb
Posted by kt325ci on :
It's a growing an profitable company.
Can you show me any other companies with an OS around 100 million, over 10 million revs for a quarter and a profit below .20?
I can't say how much it will rebound today but I bought 17K @ .142 and 15K @ .171. This is on top of a HUGE position I already own.
It's times like these that you take advantage of the panic sellers.
GLTY
Posted by Hiram on :
roger that kt
Posted by jakeo on :
sounds like a good buy @ 13 but when is the termination of cornell suppost to come out?
Posted by kt325ci on :
Don't know when Cornell will be out of the picture.
The company along with the help of Premier Funding Service are looking into alternative financing which shouldn't be a problem if they keep posting numbers like these.
Posted by Hiram on :
MMs must be out golfing or something. Looks like a bit of stability has returned.
Posted by kt325ci on :
yep stability has returned...I guess I should of timed my buys better this morning. Could of got them all here in the .13's.
Posted by rickpic on :
got 8500 of this at 15:59 wow what a report and under 100m O/S as well. Earning based on YTD gross profit alone are .041 per share!
21m in revenue in 6 months with YTD profits $3.768m
This should be returning to it YTD high very very soon!
GLTA Rick
Posted by rickpic on :
Trend Spotter Buy Short Term Indicators Average: 60% - Buy Medium Term Indicators Average: 75% - Buy Long Term Indicators Average: 100% - Buy Overall 80% Buy Posted by Hiram on :
this just shows that unless the awareness is out there, we're all just riding the MM's whims.
Posted by rickpic on :
you guys like this stock take a look at NHVS
2.00 x 10.75 (gotta close up quite a bit)
coming off a 1370/1 R/S that took out the out ceo with a reverse merge.
O/S is 97k at this time and I'm sure you will like there assets!
at $2.00 its a steal!
Posted by roadrunnerv8383 on :
8k out after hours, i think this was a factor in todays action, i think the MMs and others that sold today knew about this 8k in advance. and this also explains the shorting of GCCP at .20, GCCP will take off when cornell starts covering, just like MSSI did when cornell started covering at .016, MSSI ran to .061 less than 90 days later.
sounds solid enough to me with conversion rates at .20 and .25
and the $5m damand would be at 95% of the 5 day average price if exersized
the stock should still fine its way rather quickly back to the .20 range.
Thursday , August 11, 2005 18:20 ET
Global Concepts Ltd (OTCBB: GCCP) announced in a Form 8-K that on August 4, 2005, the Company sold to Cornell Capital Partners, LP a Secured Convertible Debenture, dated August 1, 2005. The Debenture is in the principal amount of $2.5M and bears interest at 12% per annum. In exchange for the Debenture, Cornell Capital Partners paid $900,000 and surrendered a $1.5M Promissory Note issued by the Company to Cornell Capital Partners in January 2005. Cornell Capital Partners is entitled to convert the debenture into common stock at a price of $0.20 per share. The Secured Convertible Debenture has a stated interest of 12%. Also, the Company issued to Cornell Capital Partners a Warrant to purchase up to 5M shares of common stock at $0.25 per share. The Warrant has a term of 3 years.
_________________________________________________
Thursday , August 11, 2005 18:37 ET
Global Concepts Ltd (OTCBB: GCCP) announced in a Form 8-K that on August 4, 2005, Cornell Capital Partners, LP and the Company signed a Standby Equity Distribution Agreement dated August 1, 2005. The Agreement provides that during a two years period the Company may demand that Cornell Capital purchase shares of common stock from the Company. The Company may make a demand no more than once every five trading days. The maximum purchase price on each demand is $250,000. The aggregate maximum that the Company may demand from Cornell Capital is $5M. The number of shares that Cornell Capital will purchase after a demand will be determined by dividing the dollar amount demanded by a per share price. The per share price used will be 95% of the lowest daily volume-weighted average price during the five trading days that follow the date a demand is made by the Company.
Posted by roadrunnerv8383 on :
GCCP useally bounces back after bad news but, im not so sure about this time. most thought they were done with cornell after the profitable last quarter but, it doesnt look like that will happen anytime soon. and this also in the 8k, people are going to be very weary of this " However, in the event that Global Concepts commits a material default in its obligations under the Debenture and related documents, the conversion price will be reduced to $.06 per share." and knowing cornells past of killing stocks, this isint looking good right now. and if the stock starts heading north again, there will be huge resistance at .20 mark.