GNCC Capital, Inc. (OTCPK:GNCP) announces a share repurchase program. Under the program, the company will repurchase up to 20% of issued and outstanding shares of common stock from time to time for $0.75 million. The company will fund this program by without utilizing any of the company's existing loan agreements and expressly without utilizing any of the existing company's various subsidiary companies' profits and cash.

Under the program, all shares of common stock repurchased in the market by the company will be cancelled upon their repurchase by the company. All stock repurchases by the company will comply with Section Rule 10b-18 as promulgated under the Securities Exchange Act of 1934, as amended. All stock repurchases by the company will be published in accordance with Section Rule 10b-18 as promulgated under the Securities Exchange Act of 1934, as amended.