MONTCLAIR, N.J., Sept. 9, 2005 (PRIMEZONE) -- Global Concepts Ltd. (OTCBB:GCCP) referred today to a press release it had issued in August that stated the company had acquired an entity in France known as TTAM. That press release was in error.
Final analysis and due diligence led management to conclude that this arrangement, at this time, was not in the best interest of the company. Unfortunately, this decision in France was not properly and timely relayed to Global in New York.
About Global Concepts Ltd. (GCCP)
Global Concepts, Ltd. (OTCBB:GCCP) is a publicly traded company whose major subsidiary Compagnie Logistic Transport Automobile, S.A. (CLTA) prepares thousands of new cars for delivery for Peugeot and Citroen, and has 130 car-carriers doing actual deliveries throughout Europe.
In the U.S., GCCP has two divisions. J & J Marketing has designed a line of skin treatment creams that contain no chemical additives or preservatives, for use by both men and women. It's marketed under the brand name Savage Beauty (www.savagebeauty.net). The other, Advanced Medical Diagnostics has designed a low-cost home-testing kit for HIV (1 & 2).