The Aggregation accustomed $1,511,221.45 in banknote on closing the auction of GPTA and will accept an added $286,267.55 on the one year ceremony of the sale. The deferred banknote acquittal is collateralized by an certain letter of acclaim issued by the Australia and New Zealand Banking Group Limited. The Aggregation additionally accustomed $286,860.65 in banknote for the auction of its buying in ECH. The acquirement amount for anniversary auction was based on the Company’s disinterestedness in anniversary aggregation as of April 30, 2006.
Stephen Nevitt, President and CEO of GPT said, “We are continuing with the initiatives ahead appear in an accomplishment to refocus the Company. eCash Holdings was not a amount business for GPT and had not produced the profits expected. We are admiring that the buyer of GPTA has fabricated a claimed charge to our success by purchasing our allotment of GPTA and entering into a 5 year absolute distributorship acceding with GPT. He is amenable for the success the Aggregation has enjoyed in Australia and the Pacific Rim and we attending avant-garde to abounding added years of advance in the region.”
Mr. Nevitt continued, “The acquirement amount accustomed for GPTA and eCash was aural the ambit of ethics provided to the Aggregation by an absolute appraisal aggregation and provides added clamminess for GPT. We will apply our efforts on our new artefact initiatives.”
Global Acquittal Technologies, Inc. is a United States-based designer, architect and banker of automatic bill accepting and validation systems acclimated to accept and accredit currencies in a array of acquittal applications worldwide. GPT’s proprietary and patented technologies are amid the best avant-garde in the industry. Please appointment the GPT web- armpit for added advice at http://www.gptworld.com
Special Note Apropos Forward-Looking Statements: A cardinal of statements independent in this absolution are advanced statements aural the acceptation of the Private Securities Litigation Reform Act of 1995 that absorb risks and uncertainties that could account absolute after-effects to alter materially from those bidding or adumbrated in the applicative statements. These risks and uncertainties include, but are not bound to: Statements apropos the Company’s strategy, approaching sales, approaching costs and approaching clamminess and basic resources; assurance on a bound abject of barter for a cogent allocation of sales; GPT’s assurance on the cardboard bill validator bazaar and its abeyant vulnerability to abstruse obsolescence; the risks that its accepted and approaching articles may accommodate errors or defects that would be difficult and cher to ascertain and correct; accessible risks of artefact account obsolescence; authoritative approval; abeyant accomplishment difficulties; abeyant shortages of key genitalia and/or raw materials; abeyant difficulties in managing growth; assurance on key personnel; the accessible appulse of aggressive articles and pricing; and added risks declared in added detail in GPT’s Securities and Exchange Commission filings.
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