GMC Holding Corp. Announces Pending Asset Sale

08 Feb, 2006, 00:00 ET from GMC Holding Corp.

    ORLANDO, Fla., Feb. 8 /PRNewswire-FirstCall/ -- GMC Holding Corp.
 (OTC Pink Sheets:   GMCC) announced today the opening of negotiations with
 multiple corporate entities who wish to acquire the exclusive rights of its
 REMAT(TM) "cold motor" technology. "Cold motor" is defined as motors that run
 at 140 degrees Fahrenheit or less at full load.
     Because of the sensitive nature of the technology, negotiations and
 participants, GMCC is not at liberty to provide details at this time. GMCC can
 confirm the entities include S&P 500 corporations. Preliminary negotiations
 indicate a transaction in the $350-$500 million range. GMCC intends to
 allocate 96% of the revenue realized from the sale of the
 REMAT(TM) asset as income directly to its shareholders. The remaining income
 will be maintained in GMCC for ongoing acquisition and capitalization of new
 technologies, which are complimentary to the REMAT(TM) line.
     Until the close of negotiations, GMCC will aggressively pursue the
 development of its REMAT product expanding its diversity in the energy arena
 including the production of the highest efficiency generator known today. As
 of January 31, 2006, the company's share structure is as follows:
 
      Authorized Shares =   100,000,000
      Outstanding Shares =   60,000,000
      Restricted Shares =    50,000,000 (Approx.)
      Public Float =         10,000,000 (Approx.)
 
     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 risk 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.
 
 

SOURCE GMC Holding Corp.
    ORLANDO, Fla., Feb. 8 /PRNewswire-FirstCall/ -- GMC Holding Corp.
 (OTC Pink Sheets:   GMCC) announced today the opening of negotiations with
 multiple corporate entities who wish to acquire the exclusive rights of its
 REMAT(TM) "cold motor" technology. "Cold motor" is defined as motors that run
 at 140 degrees Fahrenheit or less at full load.
     Because of the sensitive nature of the technology, negotiations and
 participants, GMCC is not at liberty to provide details at this time. GMCC can
 confirm the entities include S&P 500 corporations. Preliminary negotiations
 indicate a transaction in the $350-$500 million range. GMCC intends to
 allocate 96% of the revenue realized from the sale of the
 REMAT(TM) asset as income directly to its shareholders. The remaining income
 will be maintained in GMCC for ongoing acquisition and capitalization of new
 technologies, which are complimentary to the REMAT(TM) line.
     Until the close of negotiations, GMCC will aggressively pursue the
 development of its REMAT product expanding its diversity in the energy arena
 including the production of the highest efficiency generator known today. As
 of January 31, 2006, the company's share structure is as follows:
 
      Authorized Shares =   100,000,000
      Outstanding Shares =   60,000,000
      Restricted Shares =    50,000,000 (Approx.)
      Public Float =         10,000,000 (Approx.)
 
     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 risk 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.
 
 SOURCE  GMC Holding Corp.