LOS ANGELES--(BUSINESS WIRE)--Gepco, Ltd. (OTCQB: GEPC), announced today that the company has accepted the resignations of three of its board members, Larry Zielke, Ron Loshin and Nic Marlin, as it prepares to initiate a luxury goods roll-up plan. “We are so grateful for the hard work and tireless effort that Larry, Ron and Nic made in forming Gepco and the GemVest division,” said Peter Voutsas, Chief Executive Officer. Mr. Voutsas also extended his great appreciation for the departing board members and other shareholders that agreed to return in excess of 100 million shares of the Company’s common stock to treasury. “Their contributions formed a strong base for our initial strategy, and subsequently the board members will be focused on building upon the luxury retail brand that is Peter Marco of Beverly Hills,” he added.
The Company also announced that it has retained The Beverly Wilshire Group, http://www.beverlywilshiregroupinc.com, to advise Gepco on future acquisitions and its business expansion and development. Leo Sarabia, Beverly Wilshire Group Chairman, has represented organizations, governments, private and public companies, celebrities, and entrepreneurs in the areas of financing, corporate structure, business development, mergers and acquisitions, strategic alliances and other areas of finance. His group’s ability to negotiate and structure projects and financings has made him one of the top boutique deal makers in America today. Throughout his career Leo has brought together relationships from all walks of industry and life with the goal of creating prosperous outcomes for those involved with Sarabia’s team.
Building an enduring luxury brand is one of the pinnacles of growth in the retail world. As it rolls out this strategy, Gepco will seek to pursue the right combination of board members and partners that will fast-track the brand’s growth both domestically and internationally, organically and through selective acquisitions. The company is currently in a Letter of Intent stage to acquire Peter Marco, LLC, which owns and operates “Peter Marco Extraordinary Jewels of Beverly Hills”, from our CEO. With the acquisition of this venerated jeweler, the Company plans to enter the upscale retail market. When the elite are seeking out exclusive, unique pieces of investment-grade diamonds and other precious stones, Peter Marco is becoming a clear destination of choice.
About Gepco, Ltd. / GemVest:
Through its subsidiary, GemVest, Ltd. (www.gemvest.com), Gepco sells and brokers high-end rare investment grade diamonds and gemstones. These gems are obtained from two principal sources: international wholesale diamond cutters with which our CEO, Peter Voutsas, has longstanding relationships, and individuals and estates possessing investment grade diamonds and heirloom quality jewelry who are seeking liquidity.
About Beverly Wilshire Group, Inc.:
Beverly Wilshire Group, Inc. is a boutique advisory firm which provides strategic corporate advice, and deal structuring and sourcing, and related services, for companies seeking investment for growth and development. BWG serves the needs of both private and public companies worldwide, as well as individual and institutional investors. Because of Beverly Wilshire Group, Inc.’s relationships globally it has been able to bridge relationships with investors into a range of very attractive projects. They are leaders in building brands while adding value for both the investor as well as the project.
FORWARD LOOKING STATEMENT: This press release may contain forward-looking statements, including statements about the business plan and prospective financial condition of Gepco, Ltd. (including its operating subsidiary GemVest, Ltd.) The forward-looking statements are subject to risks and uncertainties, including that the parties may not complete the transaction or that when completed, the transaction might be different than presently contemplated. Readers should not place undue reliance on the forward-looking statements. Gepco, Ltd. does not undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. In addition, any forward looking statements regarding forward expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: whether Gepco, Ltd. can successfully execute its operating plan; its ability to integrate acquired companies and technology; its ability to retain key employees; its ability to successfully combine product offerings and customer acceptance of combined products; general market conditions; and whether Gepco, Ltd. can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.