posted
MONTCLAIR, N.J., Aug 12, 2005 (PRIMEZONE via COMTEX) -- Global Concepts Ltd. (GCCP) has scheduled a conference call for all interested investors for Wednesday, August 17th, 2005, at 12:00 pm EDT 9:00 am PST. The numbers to call in on are, for US 877-322-9648 and out of the country 954-797-0718, and the conference code is 328834.
There will be a general discussion by Mr. Rodriguez regarding the highlights of the 2nd quarter 10Q and the progress in the turn around of the company.
Second Quarter Highlights include
-- Revenues of $11,000,000 versus 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.
-- 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.
If shareholders of record have specific questions, they may be faxed to Ms. Kelly Black at 480-898-0406 or sent via e-mail to kblack@premierfundingservice.com by 12:00 pm EST on Tuesday August 16th to give the management the ability to answer all questions in an orderly manner.
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
-------------------- EVERY Day ABOVE GROUND is a GREAT DAY!!! Posts: 2086 | From: Long Island New York | Registered: Aug 2004
| IP: Logged |
posted
Still way undervalued. The company earned a penny a share this last quarter. 98 million OS and currently priced at .14. Produced over $20 million in revenues during the first 6 months.
The only reason for the sell off was because the CEO thought the revenues would be higher than was reported. The missing revenues were due to the SLATE aquisition not being completed in time.
The conference call should be very interesting.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
| IP: Logged |
On August 14, 2005 Global Concepts agreed with G&H Management, LLC that the warrant issued to G&H Management in April 2005 would be cancelled. The warrant had given G&H Management the right to purchase 40 million shares of Global Concepts common stock at $.05 per share.
On August 14, 2005 Global Concepts issued a warrant to Eduardo Rodriguez and Michael Margolies, which they assigned to G&H Management, LLC. The warrant was issued in consideration of past services by Messrs. Rodriguez and Margolies, who are the officers and directors of Global Concepts. The warrant gives G&H Management the right to purchase 25 million shares of Global Concepts common stock at $.12 per share, which was the market price on the day of grant. The warrant will terminate on July 31, 2008.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
| IP: Logged |
Global Concepts Ltd. (OTCBB:GCCP) has scheduled a conference call for all interested investors for Wednesday, August 17th, 2005, at 12:00 pm EDT 9:00 am PST. The numbers to call in on are, for US 877-322-9648 and out of the country 954-797-0718, and the conference code is 328834. Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
| IP: Logged |
posted
They basically just answered the majority of the stockholder's questions.
1. Warrants Many complaints were made over the 40 million warrants priced at .05 that were issued in April. Those were canceled and now there are only 25 million priced at .12.
They also explained the warrants don't affect the OS until they exercise them and they'd still have to wait 1 year from that date to sell them.
2. Cornell Capital Basically that the company would still be a shell if not for Cornell's financing. They've gone from nothing to over $20 million in revenue for the first 6 months this year. They restructured the previous Cornell deal to get another $1 million (They stated it's already being put to good use ie. aquisitions) and to give them more time to find better financing with the help of Premier Funding.
Cornell is not going to be an issue.
3. $15 million revenue in PR vs. $11 million in 10Q Ed said that he takes all the blame on this and says it was a misunderstanding due to French/English language barrier. In order to make sure nothing like this happens again they have hired a CFO that is fluent in French.
4. Only 10K a month comes out of CLTA Many people thought that they could only take out $10K a month from CLTA but the truth is thay can take out as much as they needed. They prefer to keep the money there to grow the business.
5. Surging Fuel Costs They have fuel surcharge clauses built into the contracts to protect them during these times.
That about sums it up.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Eek!]](eek.gif)
