Gear International, Inc. Updates B
Post# of 1842
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Gear International, Inc. Updates Business Outlook, Plans Acquisitions for 2012 |
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The company acquired the knowledge and expertise of Jamal Lucas, Faisel AbulAziz and Felix Abangin who have all agreed to become advisors. As we develop our management team we are looking forward to positioning the company as a leading resource development company. Gear's board has instructed legal counsel to reduce the authorized common stock from 2,900,000,000 to 600,000,000 and to cancel all class "C" preferred stock by the end of March 2012. Geck states, "This change in business direction is a huge step for Gear International, Inc. The aggregate experiences of our new advisors enhance Gear's ability to continue attracting investors from new markets. The fact that individuals with diverse and accomplished profiles are advising GEAR, serves as notice for small cap gold producers to partner with GEAR and benefit from global interest in Gold as an asset. Gold will continue to be an effective asset in hedging against macroeconomic risk, sovereign credit, inflation concerns, and loose monetary policies. Our supply chain market entry point allow us to operate with positive margins even if Gold retraces 400%. Obviously there are a number of global and political scenarios that could impact gold's value to $2100/oz." About Gear International, Inc. GolfGear International, Inc. was originally incorporated in 1996 as a golf equipment company. The Company has recently altered its business strategy to include gold and silver mining, providing financing for gold and silver mining projects, and precious metals processing and refining. |