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GMZP: GEMZ Corp. to Develop Solar-Powered Laptop Solution Using Nano
ilms Which Combine Photovoltaic and Nanotechnology to
B: GEMZ Corp. to Develop Solar-Powered Laptop Solution Using Nanofilms Which Com
ine Photovoltaic and Nanotechnology to Operate under Normal, Indoor Lighting Con
itions

NEW YORK, Jun 10, 2004 (BUSINESS WIRE) -- GEMZ Corp., (OTC: GMZP - News)
announced today that its wholly-owned subsidiary, International Nanotechnology
Corporation (INC) is planning to develop a solar-powered solution for powering
laptop computers. INC previously announced that it had signed a letter of intent
with Terra Solar Development Corp., a leading developer of photovoltaic and
nanocell technology to acquire substantially all of its nanotechnology assets
and certain photovoltaic assets as well. The solar-powered laptop charger will
be the first product resulting from the planned combination.

While laptop users everywhere need a cost-effective device that can continually
power or recharge laptops without plugging them in, previous products use
crystalline or polycrystalline silicon photovoltaic cells don't do the job, as
they work only when they are recharged in direct sunlight. The INC product is
believed to be the first to use PV Nanofilms, which combine thin films and
nanotechnology so they it can also work indoors in most lighting situations.
Nanofilms have elements below 1000 and even below 100 nanometers. The National
Science Foundation (NSF) defines nanotechnology as consisting of components and
elements 1000 nanometers and under. (1 nanometer is one billions of a meter or
10 Angstroms).

Dr. Zoltan Kiss, who upon completion of the acquisition will become Chief
Executive Officer of INC and who is a noted inventor, with over thirty patents
to his credit said, "This planned new product is the first of what we expect
will be a family of consumer products that utilize nanotechnology to provide
cost-effective solutions to problems not previously solved with conventional
technology and which have wide consumer application."

The product is expected to be available for sampling in the fourth quarter of
2004. Pricing has not been announced but is expected to be very competitive with
older, more limited solutions.

About GEMZ Corp.

GEMZ Corp. is a publicly traded company located in New York City. Its new
corporate website is www.gemzcorp.net.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and
uncertainties. This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E the Securities Exchange Act of 1934, as amended. These
statements appear in a number of places in this release and include all
statements that are not statements of historical fact regarding the intent,
belief or current expectations of the Company, its directors or its officers
with respect to, among other things: (i) the Company's financing plans; (ii)
trends affecting the Company's financial condition or results of operations;
(iii) the Company's growth strategy and operating strategy; and (iv) the
declaration and payment of dividends. The words "may," "would," "will,"
"expect," "estimate," "anticipate," "believe," "intend," "promise," and similar
expressions and variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking statements are
not guarantees of future performance and involve risks and uncertainties, many
of which are beyond the Company's ability to control, and that actual results
may differ materially from those projected in the forward-looking statements as
a result of various factors. Other risks are reflected in GEMZ Corp.'s filings
with the Securities and Exchange Commission.

SOURCE: GEMZ Corp.


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