LAS VEGAS, March 8, 2005 (PRIMEZONE) -- GT 5 Ltd (Pink Sheets:GTFV) announced today that it is preparing to implement its acquisition strategy. The Company has identified a potential acquisition and is moving forward in an effort to acquire the target company.
GT 5 Ltd is targeting potential acquisition candidates operating in the biotechnology and pharmaceutical infrastructure markets. Following a formal due diligence process, the targeted acquisition will be identified upon completion of the transaction. Post transaction, a name change is likely to occur, as well as the assignment of a new trading symbol.
"SAFE HARBOR"
This press release may contain forward-looking statements. The words "estimate," "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.