Concordis Group and GC Blackstone Merger news release

DALLAS, Feb. 10, 2015 /PRNewswire/ -- Today, Concordis Group, Inc. (OTC Markets:CNGI) makes three major announcements:

1) Acquisition of GC Blackstone, Inc. GC Blackstone www.gcblk.com now a wholly owned operating subsidiary of Concordis, is a builder and developer of commercial and residential properties, which have included hotels, medical facilities, retail, restaurants, town homes and custom single family residences.

2) Chairman Trent Sommerville appointed Joseph Donahue as the new Concordis Chairman in a change of control merger. Mr. Sommerville is working with the new board to assist in business development and marketing the re-structured company.

3) Concordis Group www.concordisgroup.net has moved its corporate headquarters to Dallas and the public entity OTC:CNGI has re-positioned with the merger to become a holding company for acquiring and growing profitable companies that will be held as operating subsidiaries of the Concordis Group.

Shareholders of CNGI will receive new share certificates reflecting the 10 to 1 reverse split affected with the GC Blackstone merger. For information on obtaining the new share certificates please contact the Transfer Agent, Rhonda Singleton at: [e-mail].

The trading symbol "D" added to the CNGI symbol designates a post share split stock, the trading symbol will change back to CNGI from CNGID on or near February 16.

The new Concordis Group board of directors is structuring the company to apply for trading on the American Stock Exchange, recently re-named the NYSE:MKT after being acquired by the NYSE. The board is projecting the NYSE:MKT listing and share offering to be completed by the first quarter of 2016.

 

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SOURCE Concordis Group, Inc.

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