GARRISON, N.Y., Feb. 9, 2005 (PRIMEZONE) -- Global Concepts, Ltd (OTCBB:GCCP) announced today that it has commenced operations of its new freight division. This division will exclusively handle and deliver containerized air freight throughout France. We expect this division to attract work that was previously carried on by Trans Cuisinier, now closed, among who's customers were the world's leading airfreight companies.
All operations are being performed by Global's subsidiary CLTA (Campagnie Logistic Transportes Automobiles, S.A.), headquartered in Chambly, a Paris suburb. Management, purchasing and accounting functions will be handled by CLTA in Chambly. Dispatch offices located in seven other French cities will direct and monitor the dedicated fleet of over 250 tractor - trailers.
As previously announced, our projected 2005 revenue of $50,000,000 should definitely be met with these added sales.
Mike Margolies, Global Concept's Chairman and CEO, commented; "In four short months we have been able to transform GCCP into a vibrant, vital and viable entity, employing over 400 people, poised to do more exciting projects in the U.S. and Europe. Our loyal client roster includes top 500 companies on both continents, and we continue to add new ones. It's exciting to come to the office every morning."
For further information contact Mike Margolies at 845-424-4100.
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.