GMZC/P! .0014x.0015! GEMZ Corp. Improves Business Efficiencies and Increases Profit Margins
NEW YORK, Dec 10, 2003 (BUSINESS WIRE) -- GEMZ Corp. (OTC: GMZC) announced today that it has dramatically improved its business efficiencies by outsourcing and purchasing ready made jewelry designed by GEMZ to GEMZ specifications. GEMZ continues to design all of its jewelry and distributes them to its clients. This shift in business fundamentals eliminates the need for GEMZ to inventory expensive gem stones and precious metals thus reducing the need for expensive capital to fund the manufacturing process and additionally increases its profit margins.
Mr. Ratzon Kochavi, CEO of GEMZ Corp. noted, "This has been a business model which we have been developing for sometime. It allow us to maintain control over quality, design and distribution while eliminating tremendous manufacturing costs. It enables us to be more responsive and flexible in meeting customer needs and demands without incurring heavy costs; at the same time we improve our margins through the elimination of large inventory and manufacturing infrastructure."
About GEMZ Corp.
GEMZ Corp. is a publicly traded company located in New York City. The Company is a designer and distributor of karat gold jewelry in the United States. It offers its customers a large selection of jewelry styles, consistent product quality and prompt delivery of product orders. The principal product line is a wide assortment of 14 karat gold earrings, charms, bracelets and rings. The Company offers over 1000 styles of gold charms, earrings, bracelets and rings. Much of the gold jewelry is sold on QVC. The Company's customers include mass merchandisers and jewelry wholesalers and distributors. Its Consumer website is www.ucji.com.
