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GEMXX Corporation Posts Positive Quarterly Revenues and Updates Shareholders on Financial Results
GEMXX Corporation Posts Positive Quarterly Revenues and Updates Shareholders on Financial Results.
About this update from Gemxx Corp.
[{"type":"text","content":"\n LAS VEGAS, Nov. 21, 2023 (GLOBE NEWSWIRE) -- via IBN / GEMXX Corporation (OTC: GEMZ) (\"GEMXX\" or the \"Company\"), a leader in the ammolite gemstone mine-to-market segment and a partner in Canadian gold exploration Company Crazy Horse Mining, Inc. (“CHMI” or “Crazy Horse”), announces upbeat revenue results and shares Company achievements with investors. GEMXX management is highlighting significant achievements to solidify its strong foundation for the Company moving forward in the coming year. The Company performed well in the last quarter and looks forward to the second half of the Company’s fiscal year. \"We are pleased with the performance of the Company, and we are excited for the anticipated growth in shopping television sales and 2024 production of our gold assets. We look forward to updating shareholders as each new project comes online. Everything the Company has planned is focused on driving shareholder value,\" commented Jay Maull, GEMXX CEO. The Company is highlighting recent achievements reflected in this Quarterly Financial Statement. Shares issued and outstanding are 100,009,646.  The Company’s Account Receivables have increased to $1,330,983 compared to the same period last year which was $701,252. The Total Assets of the Company have increased to $20,116,566. Net Income increased to $212,526 compared to $132,842 in the same period last year. The Company’s long-term debt remains at $0.00. GEMXX has achieved significant milestones recently and it's worth noting that the Company continues to control each stage of its production including gold mining, gemstone production, jewelry manufacturing and global distribution. Further, the Company continues to expand while avoiding long-term debt. The Company continues to increase shareholder value through the acquisition of assets that support its goal of becoming fully integrated. “GEMXX has made significant strides this year to support its strategic growth plan,” stated Richard Clowater, GEMXX president. ABOUT GEMXX CORPORATION GEMXX Corporation (OTC: GEMZ; $GEMZ) 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 p...