Winsted Holdings Buys 90% of GaeaCare Syndicate Partners, Inc. Tuesday September 20, 7:00 am ET
NEWPORT BEACH, CA--(MARKET WIRE)--Sep 20, 2005 -- Winsted Holdings, Inc. (OTC BB:WHLI.OB - News), a Business Development Company (BDC), is pleased to announce that it has bought 90% of GaeaCare Syndicate Partners, Inc. from its founding shareholder. Terms will be fully disclosed in upcoming filing. No free trading shares were used in this buyout transaction.
"With the problems caused by Hurricane Katrina and the public eye on the cleanup, this is the perfect time to buy GaeaCare," stated Winsted CEO Mark Ellis. "For months now, we have been chomping at the bit over what GaeaCare may mean to our shareholders. Negotiations kicked into high gear once the images of the devastation caused by Hurricane Katrina were displayed on every single news station and newspaper. GaeaCare has built a solid foundation of relationships over the last several years that will open up many possibilities for us to participate on this front. This would include any projects on treatment of toxic waste streams and other underground cleanup projects."
"We have no illusions of grandeur here with GaeaCare. Our intent is to go after only a small part of their vast business model. We believe that with the federal government tripping over themselves to get New Orleans cleaned up as fast as possible, GaeaCare is in the right place at the right time. Since our capital resources are limited without massive dilution, we will focus on small projects within our capital structure that will bring us the most profit in the shortest turnaround time. As our revenues grow and available capital allows, we will then expand our focus to encompass all other GaeaCare products," Ellis concluded.
About GaeaCare Syndicate Partners, Inc.
GaeaCare Syndicate Partners, Inc. is a proactive environmental products and services corporation that intends to become a leading environmental cleanup, emergency response, and environmental remediation company by the use of new computer systems technology, sensor technology, communications technology, systems concepts and microbial environmental cleanup treatment to serve the Homeland Security and environmental industries. Sub-Surface Waste Management, Inc., a U.S. Microbics company, is a 10% equity holder. For more information on GaeaCare visit http://www.ags-gaeacare.com/.
This should give the stock a nice run today as the new acquisition will be involved with the hurricane clean up.
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