Houston, Texas (October 3, 2013) – Global GSE Holdings, Inc. (referred to as “GSE”) announces today that it retained Rhodes Holdings LLC in order to implement strategies involving public company structure and financing that furthers GSE’s goal to become an S.E.C. reporting public company, providing further financial disclosure, transparency, and ultimately higher liquidity for GSE’s shareholder base.
“Our investors have experience working with Rhodes Holdings LLC and its principal, Robert C. Rhodes. Global GSE Market, Inc. management is pleased to have Mr. Rhodes helping us plan and implement phases of our business plan that will bring value to our shareholders,” said Ms. Maria Vallejo, President of Global GSE Market, Inc.
The major goals for our project associated with Global GSE Market, Inc. are:
- Consummate a transaction with a public entity; Global GSE Market, Inc. recently signed a Letter of Intent (“LOI”) with Cornwall Resources, Inc., which Mr. Rhodes is currently the Chairman and CEO.
- Provide current information through the OTC Markets disclosure platform.
- Update shareholder information available on OTC Markets as well as the GSE website, including a fact sheet and shareholder presentation.
- File an S.E.C. registration statement in order to become a 1934 Act S.E.C. reporting publicly traded company.
- Make an equity line facility effective from American Equity Fund LLC that will provide an ongoing capital source. This may be associated with #4.
ABOUT RHODES HOLDINGS LLC
Rhodes Holdings LLC (referred to as “RHL”, https://rhodesholdings.wordpress.com) provides management consulting services that allow its clients to seek financing through the public markets, either through mezzanine debt, equity, or bank debt. Mr. Rhodes is also the Managing Member of American Equity Fund LLC (http://americanequityfund.com), which provides equity line facilities for reporting publicly traded companies.
ABOUT GLOBAL GSE MARKET, INC.
Global GSE Market, Inc., a Nevada corporation (“GSE”) with operations in Houston, Texas, is a leading online company for reselling surplus aviation ground support equipment. The exclusive online model employed by Global GSE Market, Inc. on its website at http://www.gsemarket.com matches supply and demand globally for used heavy equipment, while achieving great reach, price performance and efficiency relative to the fragmented network of brokers, dealers and physical auction houses that have traditionally served this market.
ABOUT AMERICAN EQUITY FUND LLC
American Equity Fund LLC (“AEF”, http://americanequityfund.com) provides an alternative funding mechanism, an Equity Line Facility (“ELF”), for SEC reporting publicly traded micro-cap companies that want to take control of their financial futures.
SAFE HARBOR STATEMENT
The statements in this release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.
For Rhodes Holdings LLC:
For Global GSE Market, Inc.: