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Global Concepts 10Q Highlights Dramatic Turn-Around
11 August 2005, 07:00am ET
MONTCLAIR, N.J., Aug. 11, 2005 (PRIMEZONE) -- Global Concepts Ltd. (OTCBB: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)
Mentioned Last Change
GCCP 0.074 (Unchanged)
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.
CONTACT: Premier Funding Service
Kelly Black, President
(480) 649-8224, Office
(480) 898-0406, Fax
kblack@premierfundingservice.com
11 August 2005, 07:00am ET
MONTCLAIR, N.J., Aug. 11, 2005 (PRIMEZONE) -- Global Concepts Ltd. (OTCBB: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)
Mentioned Last Change
GCCP 0.074 (Unchanged)
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.
CONTACT: Premier Funding Service
Kelly Black, President
(480) 649-8224, Office
(480) 898-0406, Fax
kblack@premierfundingservice.com
ich denke schon, sieht ganz gut aus !?!?!?!?!?!
09/09/2005 6:00PM Global Concepts Corrects CEO Statement in Release Dated August 11, 2005
Was ist den heut los , -70 % am Stück ????????????
GoldenStock
GoldenStock
[posting]18.313.069 von GoldenStock am 17.10.05 16:31:31[/posting]Oct 17, 2005 -- Global Concepts, Ltd (OTC BB:GCCP.OB - News) announced today that its U.S. management has discovered serious misconduct by the French management and internal accountants of its subsidiary, Compagnie Logistique de Transports Automobiles ("CLTA"). The misconduct involves both non-financial and financial matters.
On October 13, 2005, a court in France assumed jurisdiction over CLTA and appointed a receiver for the purpose of liquidating CLTA. In light of the malfeasance by CLTA`s French management, Global Concepts did not interpose any objection to the liquidation of CLTA. Moreover, Global Concepts` U.S. management is currently working with French legal counsel, special forensic accountants in France, and its internal and external accountants in the United States to determine the full extent of the misconduct by the French management. That investigation will determine what remedies may be available to Global Concepts, Ltd.
The Board of Directors of Global Concepts has determined that the unaudited financial statements contained in Global Concepts` Quarterly Reports on Form 10-QSB for the periods ended March 31, 2005, and June 30, 2005, should not be relied upon, due to the misconduct by CLTA`s management. The full extent of the misconduct cannot be determined at this time. However, the Board of Directors believes that the financial statements provided by the French management of CLTA materially overstated revenue, and that assets and liabilities had been materially misstated. The revenue and income reported by CLTA represented substantially all of the revenue and income reported by Global Concepts for the first six months of 2005.
Global Concepts will report further information regarding the actions by management of CLTA as they are discovered.
http://biz.yahoo.com/iw/051017/098095.html
On October 13, 2005, a court in France assumed jurisdiction over CLTA and appointed a receiver for the purpose of liquidating CLTA. In light of the malfeasance by CLTA`s French management, Global Concepts did not interpose any objection to the liquidation of CLTA. Moreover, Global Concepts` U.S. management is currently working with French legal counsel, special forensic accountants in France, and its internal and external accountants in the United States to determine the full extent of the misconduct by the French management. That investigation will determine what remedies may be available to Global Concepts, Ltd.
The Board of Directors of Global Concepts has determined that the unaudited financial statements contained in Global Concepts` Quarterly Reports on Form 10-QSB for the periods ended March 31, 2005, and June 30, 2005, should not be relied upon, due to the misconduct by CLTA`s management. The full extent of the misconduct cannot be determined at this time. However, the Board of Directors believes that the financial statements provided by the French management of CLTA materially overstated revenue, and that assets and liabilities had been materially misstated. The revenue and income reported by CLTA represented substantially all of the revenue and income reported by Global Concepts for the first six months of 2005.
Global Concepts will report further information regarding the actions by management of CLTA as they are discovered.
http://biz.yahoo.com/iw/051017/098095.html
Trading Spotlight
Wie gehts nun weiter ??????
Und heute gehts wieder rauf - verrückt.............
Wo gehts den nun lang ?
GoldenStock
Wo gehts den nun lang ?
GoldenStock
[posting]18.347.083 von GoldenStock am 19.10.05 18:35:09[/posting]Ich bin gestern eingestiegen!
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