NEW YORK, May 18, 2012 /PRNewswire-Asia/ -- GC China Turbine Corporation ("GC China" or the "Company") (OTC.BB: GCHTE.OB) today announce that it will be unable to file its Annual Report on Form 10-K for the year ended December 31, 2011 (the "Form 10-K") on the previously anticipated date of May 15th, 2012 because of the extensive work required to re-audit the financial statements for the years ended December 31st 2010, 2009 and 2008 by the Company's new independent accounting firm. Additionally, due to this continued delay, the Company will also have to delay the filing of its quarterly report on Form 10-Q for the period ended March 31, 2012 (the "Form 10-Q").
GC China is currently working to finalize its Form 10-K and Form 10-Q and expects to file them before June 30th 2012. However, no assurance can be given as to the exact date that the Form 10-K and Form 10-Q will be completed and filed.
About GC China Turbine Corp.
GC China is a manufacturer of state-of-the-art 2-blade and 3-blade wind turbines based in Wuhan City of Hubei Province, China. The Company holds a license to manufacture what it believes is a groundbreaking technology which meets rigorous requirements for low cost and high reliability. For more information visit: www.gcchinaturbine.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Exchange Act. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements typically involve risks and uncertainties and actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors. Such factors include, among others, the timetable for filing the Form 10-K for the fiscal year ended December 31, 2011 and Form 10-Q for the fiscal quarter ended March 31, 2012. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Investor Relations
Todd M. Pitcher
Aspire Clean Tech Communications
Phone: 760-798-4938
