GEAR...Third bs pr in a row this morning.
Just a regurgitation of yesterday's.
Gear International Provides Update on Business (GEAR)
Gear International Inc. (PINK: GEAR), a gold and silver mining company, has announced a substantial improvement in asset value and cash on balance from 2010 to the current fiscal year.
The improvement was driven by a series of asset acquisitions and joint venture agreements on a number of mining claims. GEAR said that its financials indicate a fundamental increase of shareholder value could soon be realized.
Gear International has improved its cash reserves and added 5 mining claims. In addition, the company’s management is expecting a market correction in the value of its common stock after successfully eliminating a hostile shareholder from the float.
Dale Geck, President of Gear International, said that the industry averages for mining companies producing assets suggest that current and near-term shareholders could be observing substantially increased value within the next few quarters. Geck said that GEAR has a number of projects that have substantial historical reserve volumes.
Gear International shares rose marginally in the previous trading session on Friday. The stock ended the day 0.87% higher at $0.0232.