NetworkNewsBreaks – GEMXX Corp. (GEMZ) Updates S
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Posted On: 08/02/2023 4:37:19 PM
NetworkNewsBreaks – GEMXX Corp. (GEMZ) Updates Shareholders, Noting Positive Financial Report and Corporate Highlights
GEMXX (OTC: GEMZ), a leader in the Ammolite gemstone mine-to-market space, provided an update to shareholders on May 30th, including highlighting positive revenues and key corporate milestones. The updated noted the company’s strong foundation in the past year and observed that shareholder value is increasing through the acquisition of materials and assets that support GEMXX’s goal of becoming fully integrated. Highlights of the update included issued and outstanding shares totaling 96,851,751; account receivables increasing from $360,254 in March 2022 to $905,109 this year; net income increasing to $218,471 compared to $76,224 last year; and no long-term debt. “We are very pleased with our progress and the company’s ability to post strong growth in our net revenues for the past year,” said GEMXX CEO Jay Maull in the press release. “Our company continues to build a strong foundation and grow in spite of the challenges at home and around the world; we have a healthy future ahead of us. . . . Significant strategic partnerships are being formed that will allow the company to create more awareness of its market position and products it produces and sells around the world. We endeavor to keep our stakeholders and shareholders updated as we hit milestones and sign agreements that will help the company reduce costs and increase revenues through partnerships, expansion and new complementary product lines.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
GEMXX (OTC: GEMZ), a leader in the Ammolite gemstone mine-to-market space, provided an update to shareholders on May 30th, including highlighting positive revenues and key corporate milestones. The updated noted the company’s strong foundation in the past year and observed that shareholder value is increasing through the acquisition of materials and assets that support GEMXX’s goal of becoming fully integrated. Highlights of the update included issued and outstanding shares totaling 96,851,751; account receivables increasing from $360,254 in March 2022 to $905,109 this year; net income increasing to $218,471 compared to $76,224 last year; and no long-term debt. “We are very pleased with our progress and the company’s ability to post strong growth in our net revenues for the past year,” said GEMXX CEO Jay Maull in the press release. “Our company continues to build a strong foundation and grow in spite of the challenges at home and around the world; we have a healthy future ahead of us. . . . Significant strategic partnerships are being formed that will allow the company to create more awareness of its market position and products it produces and sells around the world. We endeavor to keep our stakeholders and shareholders updated as we hit milestones and sign agreements that will help the company reduce costs and increase revenues through partnerships, expansion and new complementary product lines.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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