GARRISON, N.Y., Jan. 21, 2005 (PRIMEZONE) -- Global Concepts, Ltd (OTCBB:GCCP) announced today its projection of revenue for 2005, following satisfactory completion of its acquisition of assets from Trans Cuisinier, will exceed $50,000,000.
The majority of this revenue will come from our recent European trucking acquisitions operating under the name Campagnie Logistic Transportes Automobiles, S.A. ("CLTA"). CLTA, since we took over in September of 2004, has already increased sales by more than 30%. We anticipate positive earnings from this major division in 2005.
Further news will include actual results, and updated projections.
The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to, successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.