GHLT Announces Creation of NXGen, Inc. Subsidiary
BREMERTON, Wash.--GHL Technologies, Inc. (PINK SHEETS:GHLT) today announced the creation of a new subsidiary – NXGen, Inc. The new subsidiary is a part of the strategic plan of GHLT for vertical integration of related products within the GPS and transportation industries by expanding from installation to product sales. NXGen will seek to enter into partnerships for product sales and distribution of new GPS related technologies allowing GHLT to broaden its spectrum of products within this exciting sector.
“The creation of NXGen is critical in the ongoing implementation of our plan to significantly enhance the revenues and potential future earnings of GHLT. NXGen is expected to consummate critical networking opportunities which will allow the company to achieve a new level of success,” stated Gene Hew-Len, Founder and Chief Executive Officer.
About GHL Technologies, Inc.
GHL Technologies, Inc. actively installs, develops and markets navigational devices for the transportation industry. The company has developed strategic alliances which provide it with the platform necessary to become an emerging growth business.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although GHL Technologies, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by GHL Technologies, Inc. or any other person that the objective and plans of GHL Technologies, Inc will be achieved.