Sebastian River Holding's Inc. Announces the Cash Buyout of Global Communications Solutions (GCS Wireless).SEBASTIAN, Fla. -- Sebastian River Holding's Inc. (Pink Sheets: SBRV SBRV Small Ballistic Reentry Vehicle SBRV Semi-annual Brotherhood Review Vote (Zeta Beta Tau fraternity) ), today announced that it has purchased Global Communications Solutions (GCS GCS Glasgow Coma Scale GCS Guilford County Schools (North Carolina) GCS Ground Control Station GCS Grand Central Station GCS Ground Control System GCS Ground Combat Systems GCS Group Communication Systems Wireless) for $750,000. This acquisition is now complete and all assets of GCS Wireless are now wholly owned by Sebastian River Holding's Inc. "We are now in the wireless industry," stated, Daniel Duffy, President of Sebastian River Holding's Inc. "With this acquisition of GCS Wireless, we now become one of the top T-Mobile authorized dealers in the Florida market." GCS Wireless has been a T-Mobile (NYSE NYSE See: New York Stock Exchange : DT) authorized dealer since 1998, with over 12 locations in the Florida Market. GCS Wireless has had over $10,000,000 in sales in 2005, with over $3,000,000 in net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. . The company has had over 100,000 activations since its inception. "It is an honor to sell my company to a businessman like Daniel Duffy and Sebastian River Holding's," stated, Yuri Gomez, outgoing President An outgoing president is a president or, generally, other head of state or government when he holds office between the election of his successor and the inauguration by which that successor assumes power. of GCS Wireless. "His success in mergers and acquisitions is exceptional and I know with his leadership he will triple the profit to the bottom line." GCS Wireless has been honored for the following awards; The Company of the Year in 2002, by the Hispanic Chamber of Commerce and The Preferred Hispanic Partner of the year by T-Mobile in 2004. The company also had write-ups for honors in business leadership in the following; The Orlando Business Journal, The Orlando Sentinel The Orlando Sentinel is the primary newspaper of the Orlando, Florida region. It was founded in 1876 and is currently in its 131st year of publication. The Sentinel is owned by Tribune Company and is overseen by the Chicago Tribune. and The Miami Herald. GCS Wireless has also been seen on Univision network and Telemundo network for there leadership in the Hispanic market. Sebastian River Holding's Inc. is a holding company of profitable private companies. The acquisition of GCS Wireless is the first acquisition of Sebastian River Holding's campaign of acquiring profitable private companies. The company is now searching for other T-Mobile authorized dealers to acquire in the near future. Sebastian River Holding's goal is to acquire a listing on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. in the near future. Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. The forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. |
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