ORLANDO, Fla. -- GMC Holding Corp. (OTC Pink Sheets: GMCC) announced the selection of Dan York as interim Investor Relations representative.
"We have an immediate need for clear and precise dissemination of information to the public and we feel that there is no better qualified candidate for this position at this time. Mr. York has been engaged in electronic circuit designs since his youth. In the 1970s he hand-built working prototypes of personal computers and an actual working orbiting satellite signal repeater that functioned until orbital decay. He knows many of the pioneers in the field of super efficient electric motor experimentation and has an outstanding comprehension of their varied approaches to this endeavor. As a member of our Board of Advisors, he is well versed in the technology of our design," said Bruce McKenzie, President of GMC Holdings.
Mr. York commented, "I am pleased to accept this position in order to help the investing public understand the importance of this innovative approach to the need for reliable cheap energy. I can see the day when every motor and power source are replaced by this scalable fuel-less and environmentally friendly technology."
"In our announcement Sept. 8, 2005, we indicated two markets for the first application of our technology -- golf carts and utility vehicles. By no means are these our only markets to consider," says Mr. York. "We can scale these motors to be as small as a heart pacemaker and large enough to power a city. They can be constructed as small fractional horsepower motors to thousands of horsepower. We have identified hundreds of markets for licensing worldwide. We will enter these markets by manufacturing internally and/or licensing the REMAT motor technology to various existing motor manufacturers of all possible motor sizes limited only by the manufacturing capability of the licensee."
Mr. York is available for questions via email GMCCIR@dallastexas.net and during normal business hours by phone: 214-675-2531.
Safe Harbor
Statements contained in this release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements invoke risks and
uncertainties, and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
