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.”
To view the full press release, visit https://ibn.fm/cKtLx
About GEMXX Corporation
GEMXX Corporation is a publicly traded, mine-to-market gold, gemstone and jewelry producer with global reach that owns mining resources, production facilities and operating assets. GEMXX controls each stage of its production including gold mining, gemstone production, jewelry manufacturing and global distribution. GEMXX is a leading producer of top-quality finished Ammolite and Ammolite jewelry. The company’s world-class gemstone cutters and jewelry designers are continuously leading the Ammolite industry in new and exciting directions. The company’s 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. For more information about this company, please visit www.GEMXX.com.
NOTE TO INVESTORS: The latest news and updates relating to GEMZ are available in the company’s newsroom at https://ibn.fm/GEMZ
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