GEMXX Corporation highlights significant achievements to solidify its strong foundation for the Company moving forward in the coming year
Press Release | 07/30/2021
Las Vegas, NV, July 30, 2021 (GLOBE NEWSWIRE) -- GEMXX Corporation (OTC Pink: GEMZ) (“GEMZ” or "The Company"), a leader in the Ammolite Gemstone Mine to Market Segment, Posts Positive Revenues and Reflects Highlights & Achievements.
The Company highlights significant achievements to solidify its strong foundation for the Company moving forward in the coming year.
“We are incredibly pleased with our progress and the Company’s ability to post positive revenues in the face of a global pandemic”, stated Jay Maull, GEMXX Corporation, CEO. “Our Company fundamentals are strong in spite of the global shutdown; we have a healthy future ahead of us”
With the restructuring over the last Quarter, the Company is highlighting our recent achievements reflected in this Quarters Financial Statements.
Shares issued and outstanding remain the same at 97,466,757. The Quarters Account Receivables have increased to $610,069.00 compared to June 2020 of the same Quarter last year which was $21,376.00. The Total Assets of the Company equal $18,693,363.00, which is noteworthy. The Company’s Payables are conservative at $328,466.00 compared to $1,467,467.00 in the same Quarter as last year. This is a notable decrease, and a reduction of 77.6% in liabilities. Net Income increased an impressive 760% with posted Net Income of $276,939.00 compared to $36,460.00 in the same Quarter the previous year.
“With the world reopening, the positive effect will be felt in our sales channels in Asia, and the travel and cruise industries. We have a solid foundation to optimize our business model on all fronts. We are also extremely proud to say that we have emerged stronger and more efficient after the global pandemic and have solidified our footprint as one of the leading sources of ammolite in the world”, commented Jay Maull, GEMXX Corporation, CEO.
