Business
GNCC Capital, Inc. Acquires a Reputation Management Company
GNCC Capital, Inc. Acquires a Reputation Management Company.
About this update from Gncc Capital, Inc.
[{"type":"text","content":"\n \n GNCC Capital, Inc. (OTC:GNCP) (“The Company”) has acquired a 100% \n interest in a Reputation Management company and with immediate effect.\n \n \n This Reputation Management Company is based in Southern California; and \n operates in the “Internet SEO and Social Media” space.\n \n \n This Company meets our acquisition criteria track record requirements: \n namely, established Management, strong sustainable revenues, cash flow \n and profits with minimal Capital expenditure requirements and little to \n no Accounts Receivable or Inventory. The Company has a 6 year track \n record and strong Management whom will continue on long term Agreements.\n \n \n ACQUISITION OF REPUTATION MANAGEMENT COMPANY:-\n \n \n GNCC has acquired the entire interest in a Reputation Management Company \n (“RM”), effective September 18, 2014. RM will contribute to the \n Company’s revenues with immediate effect and will be accounted for in \n the Company’s Annual Results to September 30, 2014.\n \n \n The Company acquired RM through the issuance of shares of Series H \n Convertible Preferred Stock.\n \n \n Full details of this acquisition have been filed today on the OTC \n Markets Disclosure Service. A Link to this Filing:http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=126746.\n \n \n The Directors of RM have prepared a very extensive “Management \n Discussion Analysis” on the business on RM, this has been filed today on \n the OTC Markets Disclosure Service. A Link to this Filing:http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=126747.\n \n \n The Company will not be taking any impairment charges on this \n acquisition as it is comprised of various fixed and tangible assets and \n goodwill. No liabilities are being assumed in this acquisition.\n \n \n GNCC and RM have entered into initial three year service and employment \n agreements with the Directors of RM.\n \n \n THE BUSINESS AND PROSPECTS OF THIS REPUTATION MANAGEMENT COMPANY:-\n \n \n RM is a well-established and profitable company, specializing in \n Reputation Management for Brands and Individuals and it is at the \n cutting edge of this industry. The directors, have an extremely solid \n and proven track record, in building and scaling on-line businesses.\n \n \n RM has a very stable reven...