GNCC Capital, Inc. Updates on its OTC Markets Tier Status

Rhea-AI Summary

GNCC Capital, Inc. (GNCP.PK) has amended and refiled several reports, including the Annual Reports for 2019 and 2020, and Quarterly Reports for Q1 2021 and Q2 2021, as part of compliance with the OTC Market Compliance Department. These filings were accompanied by a "Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines." The Company anticipates moving from LIMITED INFORMATION to PINK CURRENT status on OTC Markets by next week, pending a final review of the updated Attorney Letter.

Positive

• Successful amendment and refiling of multiple reports enhances transparency.
• Anticipation of moving to PINK CURRENT status may attract investor interest.

Negative

• No financial metrics provided in filings, leaving investors uncertain.
• Potential risks remain due to the inherent uncertainties of forward-looking statements.

LAS VEGAS, April 23, 2021 /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) ("The Company" or "GNCC"), following a review by OTC Market Compliance Department; has today amended and refiled, as follows:-

Annual Report to September 30, 2019; and

Annual Report to September 30, 2020; and

Quarterly Report for First Quarter to December 31, 2020; and

Quarterly Report for Second Quarter to March 31, 2021

Each of these Reports were accompanied by the extensive "Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines."

Corporate Counsel is conducting a final review and will be submitting the updated Attorney Letter; late today.

We reasonably expect to be moved from LIMITED INFORMATION to that of PINK CURRENT on the OTC Markets and by next week.

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 

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SOURCE GNCC Capital, Inc.

FAQ

What is the recent update from GNCC Capital, Inc. (GNCP)?

GNCC Capital has amended and refiled its annual and quarterly reports to comply with OTC Market regulations.

When does GNCC expect to change its OTC market status?

GNCC expects to move from LIMITED INFORMATION to PINK CURRENT status by next week.

What reports did GNCC Capital refile?

GNCC refiled its Annual Reports for September 30, 2019, and September 30, 2020, along with quarterly reports for December 31, 2020, and March 31, 2021.

What is the significance of the 'Disclosure Statement' mentioned in the press release?

The Disclosure Statement is part of the Pink Basic Disclosure Guidelines, ensuring transparency for investors.

What should investors be aware of regarding GNCC's forward-looking statements?

Investors should note that forward-looking statements are subject to risks and uncertainties that may affect actual results.