MONTCLAIR, N.J., Aug. 11, 2005 (PRIMEZONE) -- Global Concepts Ltd. (OTCBB:GCCP) announced today that second quarter consolidated results indicate revenues of $11,000,000. In the same period last year, the Company reported revenues of under $50,000.
Equally as exciting is the 1-penny per share earnings for the second quarter with a $483,000 profit. This is after all expenses including interest and charges for stock based compensation, as well as an allowance for an 18% minority interest in Global Concepts' principal subsidiary.
The Six Months Gross Profit of $3,768,000 represent another remarkable increase over the same period last year in which the Company reported a loss of $10,000.
"We have had tremendous growth this first half of 2005," stated company Chairman and CEO, Ed Rodriguez. "We feel that Global Concepts is well positioned in our industry to post even better results in the latter half of 2005. Our last two acquisitions, SLATE in July and TTAM in July, already are producing tremendous growth."
About Global Concepts Ltd. (GCCP)
Global Concepts, Ltd. (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 60 car-carriers doing actual deliveries throughout Europe. One of CLTA's divisions, TransCuisinier, moves containerized freight throughout France, at night, for all the major international airfreight forwarders including UPS, FEDEX and DHL.
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. The other AMD has designed a low-cost home-testing kit for AIDS.
Forward-Looking Statements:
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain additional Indian gaming and other projects. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.