NEW YORK, Feb. 4, 2013 (GLOBE NEWSWIRE) -- GNCC Capital, Inc. (PINKSHEETS:GNCP) ("the Company") has filed its Annual Financial Statements for the year ended September 30, 2012 and its Financial Results for the First Quarter ended December 31, 2012; on February 3, 2013.
The Company posted a lower than expected loss of $286,404 for the Fourth Quarter ended September 30, 2012; equating to ($0.0014) per share.
The Company posted a loss for the year ended September 30, 2012 of $1,317,070; equating to ($0.0065) per share.
The Annual Report can be viewed here: http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=98731
The Company's losses in 2012 were lower than anticipated as the Company delayed it's commencement of exploration work until February 2013. These losses were in line with the guidance given by the Company with it being in an Exploration Stage at this time.
The Company posted a loss of $301,684 for the First Quarter ended December 31, 2012; equating to ($0.0015) per share.
The First Quarter Report can be viewed here:
Upon the Attorney's Letter in respect of Annual Financial Statements for the year ended September 30, 2012 being filed with the OTC Markets Group, the Company is restored immediately to that of "Current Information" status. This removes the Stop annotation currently affixed to the Company.
The Company's next financial report will be for the Second Quarter ended March 31, 2013. These results must be filed on or before May 15, 2013 in order for the Company to maintain its "Current Information Filer" status.
Any material events will be filed in compliance with the OTC Markets Group new disclosure standards. Full details of these additional disclosure and compliance requirements by the OTC Markets Group may be viewed in our First Quarter Report on pages numbered 226 to 229.
The Company is prioritizing the updating and completion of its web site and will be establishing a Social Media presence in order to keep our stockholders updated in real time.
About GNCC Capital, Inc.:
GNCC Capital, Inc. is primarily a Gold Exploration Company, with a secondary focus on Silver Exploration. The initial exploration properties are located in Arizona consist of "Esther Basin, Burnt Well, Clara, Kit Carson, Silverfields and Potts Mountain". The Company intends to create significant value for its initial portfolio of properties through continued exploration, joint ventures, and through the acquisition of additional Gold and Silver Exploration assets. GNCC Capital, Inc. is a current information filer on the OTC Markets under the symbol "GNCP'.
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.
|GNCC CAPITAL, INC.|
|N.E. "Ted" Blom – President & CEO|
|Telephone: (702) 942-3347|
|E Mail: firstname.lastname@example.org|
|Investor Relations Contact:|
|E Mail: email@example.com|
|Web Site: www.gncc-capital.com|
|[We would be very appreciative if all investor questions be directed to this E mail address and not to our telephone voicemail until such time as we have appointed a dedicated Investors Relations Firm whom will deal with all telephonic enquiries]|
Source:GNCC Capital, Inc.