Las Vegas, NV / OTC Markets News Wire / November 3, 2021/ GEMXX
Corporation (OTC: GEMZ) $GEMZ; “the Company”), a leader in the Ammolite
Gemstone Mine to Market Segment, Posts Positive Quarterly Revenues
The Company is highlighting significant achievements solidifying its strong
foundation for growth in the coming year.
“We are very pleased with the performance of Company through this pandemic.” Stated
Jay Maull, GEMXX Corporation, CEO. “We continue to build a solid base of reoccurring
revenue by signing supply agreements and multi order deals. This is due to the teams
hard-work and determination and the company’s ability to offer the best quality
Ammolite Gems and Jewelry in this sector.”
Shares issued and outstanding remain the same at 97,466,757. The Quarter’s
Account Receivables have increased to $458,172.00 compared to June 2020 of the
same Quarter last year which was $20,290.00. The Company’s Payables have
decreased this quarter down to $177,628.00 as compared to last quarters
$328,466.00 this is a notable decrease. Net Income of $276,939.00 compared to
$36,460.00 in the same Quarter the previous year. Total Current liabilities are
down to $260,304.00 as compared to $1,500,224.00 from the same quarter last year
representing a decrease of 82.6%. The Total Assets of the Company equal
$18,409,188.00.
“With the world continuing to reopen, GEMXX is seeing an increase in sales orders from
a number of sectors that were shut down as a result of the pandemic.” commented Jay
Maull, CEO; the Company and management team are in ongoing discussions with a
number of significant long-term clients and expect the revenues of the company to
continue to increase quarter over quarter as tourism continues to reopen in key markets.
ABOUT GEMXX CORPORATION
GEMXX Corporation is a publicly traded, mine to market gemstone and jewelry
producer with global reach that owns mining resources, production facilities, and
operating assets. GEMXX controls each stage of its production including gemstone
production, jewelry manufacturing and global distribution. GEMXX produces more top
quality finished Ammolite than any Ammolite producer. The company’s world
class gemstone cutters and jewelry designers are continuously leading the Ammolite
industry in new and exciting directions. Our management team is made up of the
industry's leading experts with a combined total of 160 years of Ammolite gemstone and
jewelry business experience
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by
terminology such as "believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Many forward-looking statements
involve known and unknown risks, uncertainties and other factors that may cause actual
results to be materially different from any future results implied by such statements.
These factors include, but are not limited to, our ability to continue to enhance our
products and systems to address industry changes, our ability to expand our customer
base and retain existing customers, our ability to effectively compete in our market
segment, the lack of public information on our company, our ability to raise sufficient
capital to fund our business, operations, our ability to continue as a going concern, and a
limited public market for our common stock, among other risks. Many factors are
difficult to predict accurately and are generally beyond the company's control. Forward looking statements speak only as to the date they are made, and we do not undertake to. update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Signed.
/S/ Ms. K Halvorson
FOR MORE INFORMATION, PLEASE CONTACT:
For more information, press only:
GEMXX Corporation
PR CONTACT: Kim Halvorson
IR@gemxx.com
www.gemxx.com
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