GNCC Capital, Inc. Clarifies Two Key Issues

Rhea-AI Summary

GNCC Capital, Inc. (GNCP.PK) has assured shareholders that it will never implement a reverse split of its common stock, as they consider it harmful to shareholder interests. Additionally, the company has appointed a professional corporate public relations firm to enhance communication strategies and manage their upcoming corporate website. The directors also acknowledge their role with Premier Development & Investment, Inc. (PDIV.PK), which holds a significant stake in GNCC, emphasizing their commitment to protect shareholder interests.

Positive

• Commitment to not undertake a reverse split, safeguarding shareholder interests.
• Appointment of a professional public relations firm to improve communication strategies.

Negative

• None.

LAS VEGAS, April 29, 2021 /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) ("The Company" or "GNCC"), following yesterday's Press Release, noted two areas of concern from our shareholders.

NO REVERSE SPLIT:

Your Directors can guarantee shareholders that under no circumstances will GNCC Capital, Inc. be undertaking any Reverse Split of its Common Stock; EVER. We regard any Reverse Split as highly detrimental to shareholder interests. In fact, we review a Reverse Split as toxic for GNCC Capital, Inc. *See Disclosure Note.

*In the interests of full disclosure, the Directors of the Company are also the Directors of Premier Development & Investment, Inc. (PDIV.PK) ("Premier") whom own 37.68% of the outstanding voting Common Stock of GNCC Capital, Inc. We do not wish to see Premier's interests harmed by a Reverse Split.

PUBLIC RELATIONS / SHAREHOLDER COMMUNICATION / SOCIAL MEDIA:

Following advice from shareholders, we are immediately appointing an established and experienced Corporate Public Relations firm to deal with the drafting of Press Releases, communications strategy, social media and the new upcoming corporate website. It is an area in which we recognize that we require professional assistance.

Forward-Looking Statements:-

This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions.

The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the OTC Markets Group.

Contact Information:
GNCC CAPITAL, INC.

Telephone: (702) 990-0156
E Mail: corporate@gncc-capital.com

Investor Relations Contact:

E Mail: investor@gncc-capital.com
Twitter: https://twitter.com/gncccapital

View original content:http://www.prnewswire.com/news-releases/gncc-capital-inc-clarifies-two-key-issues-301280527.html

SOURCE GNCC Capital, Inc.

FAQ

What did GNCC Capital announce about reverse splits on April 29, 2021?

GNCC Capital assured shareholders that it will never implement a reverse split of its common stock.

Who will manage communication for GNCC Capital after the April 29, 2021 press release?

GNCC Capital has appointed a professional corporate public relations firm to manage their communication strategies.

What is the relationship between GNCC Capital and Premier Development & Investment?

Premier Development & Investment owns 37.68% of the outstanding voting common stock of GNCC Capital.

What is GNCP's commitment regarding shareholder interests?

GNCP is committed to protecting shareholder interests by not undertaking any reverse split.