Please take note of GEAR .102 and its 6.5M current trading float....This stock is a real gold and silver mining play....Now is the time to get in before the deal with Western Sierra is signed and a done deal...as per the PR on Monday....Western Sierra is a 100 year old mining company with over $15M in assets with billion of proven reserves in their n7 reports....In our opinion, the pps today will be a joke in the days and weeks ahead....We strongly feel this stock will be measured in dollars and not cents very soon...Also, look at the chart below...it is on the cusp of a breakout sitting at .102...the 50 day moving average is .12...If we can break that the stock should rally and be set up for nice gains....Finally, read the story of press releases below....you will be convinced this is a real mining company...as of now...the investment community as a whole is not 100% sold on this....but i assure you with my conversations with the CEO and DD....it 100% is a real mining company and now is the time to take advantage of the pps....the float is very tiny...any buying pressure will drive the stock up....
GolfGear International Inc. (PINK SHEETS:GEAR) announces that it has cancelled an additional 50,000,000 Common shares through voluntary stock cancellations, this has reduced the float by 30,000,000. These cancellations, in conjunction with the recent cancellations totaling over 1,400,000,000 shares, have reduced the Company's issued and outstanding stock from a previous total of 1,660,593,683 shares to a current balance of 195,199,683 shares.
Dale Geck, President of GolfGear International remarked, "These latest stock cancellations should convince all our shareholders of our unwavering intent to dramatically increase shareholder value. Not only do these latest cancellations decrease the outstanding shares but, most importantly, they reduce the float by 30 million shares. GEAR is now well positioned to pursue its business strategy of growth and
acquisitions. Management again emphasizes again that no reverse stock split is anticipated."
These cancellations will be reflected on the Company's next filing at December 31, 2011.
About GolfGear International Inc.:
GolfGear International, Inc. Begins Initial Funding for Phase One Development of Silver Cord Mine
Monday, October 10, 2011
GolfGear International, Inc. (PINK SHEETS:GEAR) announces that it has begun providing initial funding for placing the Silver Cord Mine into production as stipulated under terms of a joint venture agreement with the mine owner, Mission Holdings, LLC.
Dale Geck, President of GolfGear International, stated, "The Silver Cord joint venture presents the Company and its shareholders with an unusual opportunity. The Silver Cord Mine is unlike many other mining properties that are made up of raw, undeveloped lands typically requiring extensive geological exploration, permitting, excavation, and significant time to reach production. In contrast, the Silver Cord Mine is a developed silver and gold mine with over 900 feet of existing tunnels following a prominent silver vein. It has a documented history as a producing mine and has an existing infrastructure already in place. This is not a start-from-scratch mining project, but a well-planned expansion of an established mine that has demonstrated successful ore production in its past. Management chose to pursue the Silver Cord mining opportunity due to its obvious potential for rapidly generating revenues from silver and gold production."
Western Sierra Mining Corp. (PINK SHEETS:WSRA) will manage production of the Silver Cord Mine under the joint venture agreement. According to Michael Chaffee, CEO of Western Sierra, "These initial funds will go directly toward Phase One of our Development Outline, which will include general exploration, sampling, and mapping of the mine. Some ore material will likely be removed and processed as part of the geological evaluation."
GolfGear International, Inc. Announces Stock Reductions and Proposes Company Name Change to GEAR International, Inc.
Monday, October 3, 2011
GolfGear International, Inc. (PINK SHEETS:GEAR) announces that it has cancelled 1,000,394,000 Common shares and 50,000 Preferred shares through voluntary stock
cancellations. These cancellations have significantly reduced the Company's Issued and Outstanding stock.
Dale Geck, President of GolfGear International stated, "The reduction of over one billion shares of the Company's Issued and Outstanding stock should reassure shareholders that the Company is serious about its commitment to its shareholders. Major shareholders have been asked to participate in voluntary share cancellations in order to increase stock value. We are extremely pleased with the response to this program thus far. Management emphasizes that no reverse stock split is anticipated. The Company will continue to seek opportunities to reduce the Company's Issued and Outstanding stock in order to add value to the Company and build shareholder confidence."
Due to the Company's change in business direction from golf equipment to gold and silver mining and processing, Management has proposed a change in the name of the Company from GolfGear International, Inc. to GEAR International, Inc. Management feels that the name, GEAR International, Inc., better reflects the Company's new business focus and will eliminate confusion in the market. The Board of Directors has given its approval for this name change subject to necessary due diligence and legal advice. The Board anticipates a formal announcement to be forthcoming upon final approval.
The Company has recently announced the execution of a joint venture agreement with Mission Holdings, LLC for placing into production the Silver Cord Mine in Arizona, a historically producing silver and gold mine with over 900 feet of existing tunnels. GolfGear plans to process gold and silver extracted from the Silver Cord utilizing an efficient environmental extraction and refining technology under a licensing agreement with EnviroXtract, Inc. (PINK SHEETS:EVXA). GolfGear anticipates further announcements regarding additional gold and silver mining and processing opportunities to be forthcoming.
GolfGear International, Inc. Signs Joint Venture Agreement with Mission Holdings, LLC to Place the Silver Cord Mine Into Production
Thursday, September 29, 2011
GolfGear International, Inc. (PINK SHEETS:GEAR) announces that it has signed a Joint Venture Agreement with Mission Holdings, LLC that will place the Silver Cord Mine into production. The Silver Cord is a historically producing silver and gold mine located in Yavapai County, Arizona, with over 900 feet of developed tunnels following a prominent silver vein. Mission Holdings, LLC, owner of the Silver Cord Mine, has executed an exclusive Mining Production Agreement with Western Sierra Mining Corp. (PINK SHEETS:WSRA) to develop the mine and manage production. Processing of the silver and gold ores extracted from the Silver Cord Mine will be managed by GolfGear International under an exclusive Licensing Agreement recently executed with EnviroXtract, Inc. (PINK SHEETS:EVXA) for the Company's premiere Ore-XT3 precious metals ore processing technology.
Dale Geck, President of GolfGear International stated, "This change in business direction is a huge step for GolfGear International. With the world economy in a state of collapse, investors are moving to the safety of gold and silver. With gold prices recently reaching historical levels beyond $1,600 per ounce, and with many market analysts projecting gold prices to reach $2,000
per ounce by the end of 2011, GolfGear International firmly believes it has chosen wisely in establishing a presence in the gold and silver mining industry."
Under the proposed agreement, GolfGear International will provide Mission Holdings and Western Sierra the necessary funding to immediately begin initial mining operations, as well as additional funding necessary for expansion. Western Sierra Mining Corp. will provide its extensive mining expertise, labor, equipment, and production management of the mine.
GolfGear International has recently executed an exclusive licensing agreement with EnviroXtract, Inc., a premier developer of efficient environmental technologies. James Cheney, CEO of EnviroXtract commented, "EnviroXtract is excited to have been selected to bring its expertise in ore technology development to the table for GolfGear International. Management believes the utilization of our leading edge Ore-XT3 technology for processing precious metals from the Silver Cord Mine will be an invaluable asset to this joint venture. EnviroXtract technologies are anticipated to increase the efficiency and profitability of GolfGear's gold and silver processing operations.
GolfGear International, Inc. Announces Expansion of Its Business Model to Include Gold and Silver Mining and Precious Metals
Tuesday, September 20, 2011
GolfGear International, Inc. (PINK SHEETS: GEAR) announces that its Board of Directors has approved a change in the Company's business model to include gold and silver mining, joint participation in gold and silver mining ventures, providing financing for gold and silver mining projects, as well as processing and refining precious metals. The Company is currently involved in negotiations to enter into one or more joint venture agreements to mine gold and silver. The Company also plans to secure a licensing agreement to extract, smelt, and refine precious metals. GolfGear International, Inc. anticipates pursuing its mining-related business operations under a wholly owned subsidiary, Gear International, Inc. Further announcements will be forthcoming.