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ErroneousJ
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GTLA Announces Strategic Partnership Between Sovereign Transfer Services and the Largest Chinese American Benevolent Association to Tap US 6.0 Billion Market
Click Here to Read the Featured Report about this Company

BALTIMORE, MD--(Marketwire - 09/21/09) - GT Legend Automotive Holdings Inc. announced recently that a Binding Letter of Intent had been signed to acquire Sovereign Transfer Services Corp. GT Legend now announces that Sovereign Transfer Services, t/a Sovereign Card Services, has formed a strategic marketing partnership with the Fujien American Benevolent Association in New York and San Francisco to offer its debit card programs to the Association's members.

Sir Michael Burton-Prateley, Executive Chairman of Sovereign, remarked, "We are delighted to be partnered with the Fujien American Benevolent Association, the oldest and largest Chinese Benevolent Association in the United States, representing approximately 1,000,000 Fujien Chinese Americans in greater New York and almost 350,000 in the San Francisco area; the highest concentration of Chinese Americans in the United States.

"The US outbound remittance market is approximately US$70 Billion, per annum and China is the second largest recipient of global remittance funds, approximately US$40 Billion, per annum. Estimates suggest that remittances into China from the US are approximately US$6-9 Billion, per annum, with the greatest concentration occurring one month prior to the Chinese New Year holiday. Remittance transactions to China are typically 3-5 times greater in value than those to Mexico. Fujien Province receives the largest volume and value of all remitted funds into China.

"This is an important community, which is industrious and has a proud record in philanthropy, both in the United States and in China. We look forward to working with the Association to offer our unique, low cost, 'bank in a card' products and will actively support its noble civic initiatives through the establishment of a Charitable Education Trust in memory of the former New York Association President, Mr. Sui Mui Chan.

"We are currently reviewing our options for the provision of other services, including bank to bank transfers for our clients, including into China, but will not be working with Envoy Services Ltd., in this regard."

Mr. Yee Dai Shek, on behalf of the Association, commented, "The Fujien American Benevolent Association is pleased to be working with Sovereign Card Services and to be able to offer a valuable service to its members, initially in Greater New York and San Francisco, followed by other US and international cities."

About GT Legend Automotive Holdings Inc.

GT Legend Automotive Holdings Inc. is a Nevada corporation developed to meet the growing needs of the ever-changing automobile after market and to introduce a patent pending "Green Energy" conversion for cars and trucks, that is expected to increase mileage while adding horsepower and reducing emissions. GTLA is in the process of acquiring Sovereign Transfer Services Corp. trading as Sovereign Card Services. Sovereign Card Services provides both VISA and MasterCard, secure, full service debit cards, providing cardholders with ready access to cash at millions of ATMs worldwide and which enable cardholders to conveniently pay for purchases at retailers everywhere. In addition Sovereign cards provide secure, low cost, convenient transfer of funds to relatives and loved ones through Sovereign's "Companion Card" program. Sovereign Debit Cards are easy to load, whether by cash, direct deposit, wire transfer or money order.


Click Here to Read the Featured Report about this Company

Disclosure

OTCReporter.com and ******China.com are owned by Oceanic Consulting, LLC ("Oceanic") and Garden State Resources, LLC ("Garden State"), both of which are New Jersey limited liability corporations (OTCReporter.com and Hot OTCChina.com and its owners, Oceanic and Garden State, and their affiliates, directors and officers are referred to in our Disclaimer as "OTCR" or "we" or "us" or "our) (Oceanic and Garden State are referred to herein collectively as the "LLC Companies" when the context of the statements pertain to compensation matters, including our "Compensation Disclosure" section.)

The LLC Companies contracted to receive $35,000 in return for OTCR’s services to publicly and electronically disseminate information pertaining to GTLA, no monetary consideration of which has been received.

It is crucial that all readers of the above paragraph (Compensation Disclosure) click on the link below to carefully review our Disclaimer in its entirety, which contains important information about penny stocks, our operations, the limited nature of the information presented in our publications and various risks attendant to the companies that we profile.

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TruthLiesWithin
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Some quick action this morning...
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lilsunshine33
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www.**************.com: Stocks That Stand Out For Sept. 24th, 2009 Are GTLA, APDN, VSMR, SNDY, EMGE


Sep 24, 2009 (M2 PRESSWIRE via COMTEX) -- Stocks That Standout For Sept. 24th, 2009 are GT Legend Automotive Holdings, Inc. (PINKSHEETS: GTLA), Applied DNA Sciences, Inc. (OTCBB: APDN), VerifySmart(TM) Corp. (OTCBB: VSMR), Solos Endoscopy, Inc. (Pink Sheets: SNDY), Emergent Health Corp. (Other OTC: EMGE)
Visit Us On Twitter and Facebook: http://twitter.com/************** http://www.facebook.com/people/Standout-Stocks/547603354 Sign-up for our FREE Stock Alerts AND AWARD WINNING NEWSLETTER at HYPERLINK "http://www.**************.com/" www.**************.com __________________________________________________

GT Legend Automotive Announces Move Into International Remittance Market

BALTIMORE, MD, Sep 24, 2009 -- GT Legend Automotive Holdings, Inc. (PINKSHEETS: GTLA) announced recently that a Binding Letter of Intent had been signed to acquire Sovereign Transfer Services Corp. GTLA now announces that Sovereign Transfer Services has appointed an advisor for entry to its first international remittance market.

Sir Michael Burton-Prateley, Executive Chairman of Sovereign, remarked, "While the US market will remain a dominant domain for our activities, we have been researching and planning our first move into the international remittance market, targeting attractive 'niche' opportunities.

"We have determined that the German-Turkish corridor merits our serious attention and to this end have selected our advisers and partners for this significant step. We will be advised by Herax Partners, a boutique Investment Bank, based in Frankfurt, which has extensive knowledge of both the Turkish and German markets.

"There are over 4 Million people in Germany, of Turkish origin, with the highest concentration in the cities of Baden Wurttemberg and Nord-Rhine Westfallen. 60% of Turkish immigrants live in the major cities of the former West Germany -- Berlin, Koln, Dusseldorf and Frankfurt as well as Munich, Mainz and Stuttgart.

"Remittances from Germany to Turkey, which comprise in excess of 50% all German outbound remittances, make a substantial contribution to the Turkish economy. We would like to play a role in making the remittance process less onerous on those supporting their dependents at home." About GT Legend Automotive Holdings Inc.

GT Legend Automotive Holdings, Inc. is a Nevada corporation developed to meet the growing needs of the ever-changing automobile after market and to introduce a patent pending "Green Energy" conversion for cars and trucks, that is expected to increase mileage while adding horsepower and reducing emissions. GTLA is in the process of acquiring Sovereign Transfer Services Corp. trading as Sovereign Card Services. Sovereign Card Services provides both VISA and MasterCard, secure, full service debit cards, providing cardholders with ready access to cash at millions of ATMs worldwide and which enable cardholders to conveniently pay for purchases at retailers everywhere. In addition Sovereign cards provide secure, low cost, convenient transfer of funds to relatives and loved ones through Sovereign's "Companion Card" program. Sovereign Debit Cards are easy to load, whether by cash, direct deposit, wire transfer or money order. For more information, visit www.sovereigncardservices.com.

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Hot-Pepper
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Since last September, the news is out today. Please check below :

GT Legend Automotive Provides an Update on Pinksheets.com PostingsFont size: A | A | A8:03 AM ET 1/27/10 | GlobeNewswire
GT Legend Automotive Holdings, Inc. (Pink Sheets:GTLA) announced today that the company is in the process of preparing updated financial statements and disclosures which will be posted to Pinksheets.com. The company expects the status to be upgraded in short order.

Once the information is posted to Pinksheets.com, it becomes public and can be found by entering "GTLA" in the search box, then clicking on the "FILINGS" tab. Due to the number of filings that Pinksheets.com receives per week, it typically takes their staff between one and five business days to review all the information, and to determine if the status may be advanced from "stop" to "current."

Please check www.pinksheets.com periodically for the most up to date company information.

In addition, GTLA is in the process of finalizing the memorandum of understanding with Sovereign Transfer Services Corporation involving a share exchange. Legal agreements are expected to be finalized within the next several weeks.

About GT Legend Automotive Holdings, Inc.

GT Legend Automotive Holdings, Inc. is a Nevada corporation developed to meet the growing needs of the ever-changing automobile after market and to introduce a patent pending "Green Energy" conversion for cars and trucks, that is expected to increase mileage while adding horsepower and reducing emissions. GTLA is in the process of acquiring Sovereign Transfer Services Corp. trading as Sovereign Card Services. Sovereign Card Services provides both VISA and MasterCard, secure, full service debit cards, providing cardholders with ready access to cash at millions of ATMs worldwide and which enable cardholders to conveniently pay for purchases at retailers everywhere. In addition Sovereign cards provide secure, low cost, convenient transfer of funds to relatives and loved ones through Sovereign's "Companion Card" program. Sovereign Debit Cards are easy to load, whether by cash, direct deposit, wire transfer or money order. For more information, visit www.sovereigncardservices.com.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: GT Legend Automotive Holdings, Inc.

CONTACT: Orion Financial
Brokers & Analysts
800-400-1290

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JFPENNY
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Wow great news. Nice to see there are updating there financial statments with pinksheets. Now we we can see the current financial statments. I am currently not holding this company anymore. I am considering taking another postion with this company today!!
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