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Legacy Brands Holding, Inc. Announces New Business Plan
SEVERNA PARK, Md., Nov. 10 /PRNewswire-FirstCall/ -- Legacy Brands Holding, Inc. (OTC: GBJT) today announced its new business plan. The Company plans to develop a vertically integrated and horizontally focused holding company that through future acquisitions will offer a full line of products in the sports fishing equipment and supplies industry. The Company will implement its business plan through strategic acquisitions, unique product development, key alliances, and exclusive distribution rights.
The 2006 Survey by the U.S. Fish & Wildlife Service found that 30 million anglers spent $42 billion on sports fishing equipment and supplies in the US. Legacy plans to acquire companies that manufacture and distribute products within four categories of the sports fishing equipment and supplies industry. Legacy's four categories target the industry's annual US revenue of $4 billion out of the total of $42 billion.
The Company recently changed its name from Global TransNet Corp. with the state of Florida where it is incorporated. Until the new symbol is issued, the Company is trading under Global TransNet Corp. (GBJT). The Company effected a stock split of 1 for 300 shares of all of its issued and outstanding common stock with a record date of November 15, 2009. Its authorized common stock remains at 500 million shares.
For more information, please contact Michael Heilman at 410-647-9609 or email: mikeheilman@verizon.net.
About Legacy Brands Holding, Inc.
Legacy Brands is a US publicly traded holding company (GBJT) that will be acquiring companies in the sports fishing industry. Legacy is traded OTC-BB (http://www.otcbb.com/asp/Info_Center.asp).
This release contains forward looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competition, inability to secure investment capital or financing, new and untested products, uncertainty of revenues and earnings, fluctuations in stock price and liquidity, market conditions, fluctuating operating results, and other risks detailed from time to time.
SOURCE Legacy Brands Holding, Inc.