February 1, 2010 (FinancialWire) — GT Legend Automotive Holdings, Inc. (OTC: GTLA) said that the company is in the process of preparing updated financial statements and disclosures which will be posted to Pinksheets.com. The company expects the status to be upgraded in short order.

Once the information is posted to Pinksheets.com, it becomes public and can be found by entering “GTLA” in the search box, then clicking on the “FILINGS” tab. Due to the number of filings that Pinksheets.com receives per week, it typically takes their staff between one and five business days to review all the information, and to determine if the status may be advanced from “stop” to “current.”

In addition, GTLA is in the process of finalizing the memorandum of understanding with Sovereign Transfer Services Corp. involving a share exchange. Legal agreements are expected to be finalized within the next several weeks.

GT Legend Automotive Holdings, Inc. is a Nevada corporation developed to meet the growing needs of the ever-changing automobile after market and to introduce a patent pending “Green Energy” conversion for cars and trucks, that is expected to increase mileage while adding horsepower and reducing emissions.

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