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GEMXX CORPORATION

  • Kim Halvorson

GEMXX Corporation Posts Positive Quarterly Results of Operations

Updated: Nov 6

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


https://www.einpresswire.com/article/555403428/gemxx-corporation-posts-positive-quarterly-results-of-operations


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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304 S Jones Blvd, Suite 7958, Las Vegas, NV 89107

Suite 610, 1414-8th Street S.W. Calgary, Alberta T2R 1J6

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