GTLA GT Legend Automotive Holdings Inc.

[Jav992]

GT Legend Automotive Holdings, Inc. in Conjunction With Compassionate Therapeutic Solutions, LLC Gains Credibility Subsequent to the Passing of House Bill 1284

.Companies:GT Legend Automotive Holdings Inc..Press Release Source: GT Legend Automotive Holdings, Inc. On Wednesday May 5, 2010, 4:15 pm EDT

COLORADO SPRINGS, Colo., May 5, 2010 (GLOBE NEWSWIRE) -- GT Legend Automotive Holdings, Inc. (Pink Sheets:GTLA - News) in conjunction with Compassionate Therapeutic Solutions, LLC, reported today that on April 20, 2010, the Colorado House passed a medical marijuana bill (#1284) that placed strict regulations on the medical marijuana industry.



Under the bill, the Department of Public Health and Environment will promulgate new rules related to standards for issuing registry identification cards, documentation for physicians who prescribe medical marijuana, and sanctions for physicians who violate the bill. Compassionate Therapeutic Solutions is in compliance with all the regulations set forth in the bill, thereby increasing the center's credibility (Source: http://www.leg.state.co.us/CLICS/CLI...e=1284_ren.pdf).



CNBC estimates that the marijuana industry is a $40 billion a year market (Source: http://classic.cnbc.com/id/36331495). Medical marijuana is legal in 14 states: Colorado, California, Vermont, Washington, Alaska, Montana, Nevada, New Jersey, New Mexico, Oregon, Hawaii, Maine, Michigan and Rhode Island. Ballot measures or legislation allowing medical marijuana are pending in 14 additional states including Alabama, Delaware, Illinois, Iowa, Kansas, North Carolina, Pennsylvania, South Dakota, New York, Missouri, Maryland, Massachusetts, Tennessee and Wisconsin (Source: http://www.usatoday.com/money/indust...arijuana_N.htm). The state of Colorado receives over 1,000 applications per day for authorized marijuana permit cards, yielding $90,000 per day in revenue from the registration fees (Source: Green Rights Radio 101.5, Denver).



Eugene Espinosa, President of Compassionate Therapeutic Solutions, commented, "The Huffington Post stated in an article that reactions from the medical marijuana community were varied with regard to this bill. The Cannabis Therapy Institute called it a 'monstrosity,' while Sensible Colorado called it 'a step in the right direction.' We agree with the latter. We are an upstanding medical center staffed with licensed therapists and professionals who are prepared to offer the best possible care to our patients. While this bill may cause some centers to close, it will allow us to stay open due to our professional standing by licensure in the field." (Article Source: "Colorado Medical Marijuana Bill Passes House on 4/20, Moves to Senate for Approval", Posted 4/21/10, http://www.huffingtonpost.com/).



About Compassionate Therapeutic Solutions, LLC: Compassionate Therapeutic Solutions, LLC is a multidisciplinary behavioral health care practice that offers mental health, substance abuse and primary caregiver services to communities of Colorado. The company's focus is to provide cost-effective quality treatment and to create, promote, and maintain a positive customer relationship with clients, associates and the community. One of the functions of the clinic is to provide comprehensive care to individuals who are registered and authorized to utilize medical marijuana.

[chuck44l]

Still occasionaly piccking up a few .0001's here and there and selling at .0002 Order in at .0001 after tonights news after the bell. Good luck to all!!!!

http://finance.yahoo.com/news/GT-Leg....html?x=0&.v=1

[Jav992]

Compassionate Therapeutic Solutions, LLC Announces Profit Projections

.Companies:GT Legend Automotive Holdings Inc.Topics:Earnings.Press Release Source: GT Legend Automotive Holdings, Inc. On Thursday May 6, 2010, 8:00 am

COLORADO SPRINGS, Colo., May 6, 2010 (GLOBE NEWSWIRE) -- GT Legend Automotive Holdings, Inc. (Pink Sheets:GTLA - News) in conjunction with Compassionate Therapeutic Solutions, LLC, released a statement today discussing its profit projections.



The company has opened a licensed grow facility, thus reducing product costs and doubling profit margins. Now, instead of generating revenues of $75,000 per month, each location can bring in $150,000 per month, totaling $1,800,000 per year per center.

According to an article posted on CNBC.com, CNBC estimates that the marijuana industry is a $40 billion a year market (Source: http://classic.cnbc.com/id/36331495). The state of Colorado receives over 1,000 applications per day for authorized marijuana permit cards, yielding $90,000 per day in revenue from the registration fees (Source: Green Rights Radio 101.5, Denver).



Eugene Espinosa, President of GTLA, states, "Medical marijuana sells for around $420.00 per ounce, and the average patient's purchase is two ounces of product per month. Since we're utilizing our independent, licensed grow facility, we are able to increase our profit margin by approximately $100.00 per ounce of product, leading to amplified revenues."

[chuck44l]

The company has opened a licensed grow facility, thus reducing product costs and doubling profit margins. Now, instead of generating revenues of $75,000 per month, each location can bring in $150,000 per month, totaling $1,800,000 per year per center.
This is very encouraging news for the company. GLTA

[Jav992]

Compassionate Therapeutic Solutions, LLC Opens Licensed Bakery to Produce Medical Marijuana Edibles

.Companies:GT Legend Automotive Holdings Inc..Press Release Source: GT Legend Automotive Holdings, Inc. On Friday May 7, 2010, 5:26 pm

COLORADO SPRINGS, Colo., May 7, 2010 (GLOBE NEWSWIRE) -- GT Legend Automotive Holdings, Inc. (Pink Sheets:GTLA - News), in conjunction with Compassionate Therapeutic Solutions, LLC, has opened a fully-licensed bakery where edibles containing medical cannabis flowers will be produced. The bakery will distribute its edible organic products to the CTS center, and will act as a healthcare product provider to 200 plus medical centers in the state of Colorado.



According to Colorado state regulations, bakeries producing medical marijuana edibles must be licensed and must operate out of a state-regulated commercial kitchen. The CTS bakery has taken a leadership position in supplying product and meeting both requirements listed above. Patients who wish to purchase the edibles must be registered and in possession of a state-authorized medical marijuana permit card. The Denver Post reported that there are currently over 100,000 licensed medical marijuana users in the state of Colorado. The state of Colorado receives over 1,000 applications per day for authorized marijuana permit cards, yielding $90,000 per day in revenue from the registration fees (Source: Green Rights Radio 101.5, Denver).



Some patients prefer to consume edibles containing medical cannabis flowers as opposed to smoking the product because of health considerations. Many patients are not able to inhale smoke. Medical dosages are better controlled with edibles, teas and tinctures.



Eugene Espinosa, President of GTLA / CTS, states, "Our edibles are made from premium, organic medicinal cannabis flowers. Our plants are organically controlled; grown in a hydroponic green room free from pesticides and chemicals of any sort. They are provided with the proper nutrients, adequate light and temperature to insure the highest quality end result. We estimate that 1 out of 10 cardholders will prefer edibles over inhaled marijuana. Our goal is to create a market based on demand. We expect the edible market to exceed $60,000,000 annually in Colorado."

[GreenGiant]

GTLA_NEWS!
Compassionate Therapeutic Solutions, LLC Opens Licensed Bakery to Produce Medical Marijuana Edibles
According to Colorado state regulations, bakeries producing medical marijuana edibles must be licensed and must operate out of a state-regulated commercial kitchen. The CTS bakery has taken a leadership position in supplying product and meeting both requirements listed above. Patients who wish to purchase the edibles must be registered and in possession of a state-authorized medical marijuana permit card. The Denver Post reported that there are currently over 100,000 licensed medical marijuana users in the state of Colorado. The state of Colorado receives over 1,000 applications per day for authorized marijuana permit cards, yielding $90,000 per day in revenue from the registration fees (Source: Green Rights Radio 101.5, Denver).

Some patients prefer to consume edibles containing medical cannabis flowers as opposed to smoking the product because of health considerations. Many patients are not able to inhale smoke. Medical dosages are better controlled with edibles, teas and tinctures.

Eugene Espinosa, President of GTLA / CTS, states, "Our edibles are made from premium, organic medicinal cannabis flowers. Our plants are organically controlled; grown in a hydroponic green room free from pesticides and chemicals of any sort. They are provided with the proper nutrients, adequate light and temperature to insure the highest quality end result. We estimate that 1 out of 10 cardholders will prefer edibles over inhaled marijuana. Our goal is to create a market based on demand. We expect the edible market to exceed $60,000,000 annually in Colorado."

[Jav992]

GT Legend Automotive Holdings Announces Appointment of New President


COLORADO SPRINGS, Colo., July 8, 2010 (GLOBE NEWSWIRE) -- GT Legend Automotive Holdings, Inc. (Pink Sheets:GTLA - News) issued a statement today that Donna Holcomb-Sineath has accepted an appointment from the Board of Directors of GTLA to assume the role of President, effective immediately.

Donna Holcomb-Sineath brings more than 25 years experience in business administration and staff development, 15 of which were spent in the healthcare industry where she developed outpatient facilities geared towards treating patients with alcohol and drug addictions. Later, she served as Director of Patient Services for a psychiatric hospital in South Florida. Ms. Holcomb-Sineath attended the University of Memphis where she studied Organizational Management and Studies in Psychology.

Kathryn Newman, Director of GTLA, states, "We are pleased to have Ms. Holcomb-Sineath join our team. Her background and credentials make her an excellent candidate to lead the company."