GEMXX Corporation (OTC Pink: GEMZ) announced a strategic partnership with SRAX (NASDAQ: SRAX) to enhance its investor outreach and growth initiatives. This collaboration aims to leverage SRAX's expertise in digital marketing and consumer data management to effectively target and engage various investor demographics, including millennials and Gen Z. CEO Jay Maull expressed confidence that this partnership will significantly elevate GEMXX's market presence and value for shareholders.
GEMXX Corporation (OTC Pink: GEMZ) has launched the Ammolite backed Cryptocurrency (AMML) and partnered with Core State Holdings, Corp. (CSHC) to develop a dedicated website and marketing strategy. The initiative aims to bolster brand visibility and the adoption of AMML. CSHC has also designed a mechanism for exchanging various cryptocurrencies for AMML. Furthermore, GEMXX plans to introduce FIAT to Crypto functionality in early 2022, facilitating purchases with 52 different currencies. This project aims to diversify revenue and enhance liquidity for GEMXX's Ammolite resource holdings.
GEMXX Corporation (OTC PINK: GEMZ) has announced the launch of the world's first Ammolite-backed cryptocurrency and its accompanying wallet, GEMXX Wallet. After three months of development, the wallet is now available on both iOS and Android. The Ammolite (AMML) token, pegged to the wholesale price of Ammolite, offers a digital ownership opportunity of this rare gemstone without physical possession. Only 1,388,000 tokens will be sold at $3.88 each, backed by over $600M in Ammolite resources. The GEMXX Wallet supports over 100 currencies, enhancing transaction efficiency.
GEMXX Corporation (OTC Pink: GEMZ) has launched the world's first Ammolite Cryptocurrency Token (AMML) with a limited supply of 1,388,000 tokens available for purchase in 2021. The GEMXX Wallet, designed for iOS and Android, will facilitate transactions and management of the token. This cryptocurrency is unique as it is backed by Ammolite gemstone resources, pegged to its wholesale market price, and aims to diversify revenue and increase liquidity. The initiative is expected to bolster the Ammolite industry overall.
GEMXX Corporation (OTC Pink: GEMZ) has been recognized as one of the “20 Best Companies to Watch in 2021” by Global Business Leaders Mag. CEO Jay Maull expressed the honor for this designation, highlighting the company's commitment to quality and sustainability in the Ammolite gemstone market. The feature emphasizes GEMXX's experienced management team and its ambition to enhance the perception and market value of Ammolite. The company has established itself as a leading producer, controlling all stages from mining to distribution.
GEMXX Corporation (OTC Pink: GEMZ) reported positive quarterly results, highlighting significant growth in revenues and net income. For the quarter, net income rose to $276,939 from $36,460 year-over-year. The company also saw a notable increase in accounts receivable, climbing to $458,172 from $20,290. Current liabilities decreased by 82.6%, from $1,500,224 to $260,304, enhancing the company's financial stability. CEO Jay Maull emphasized ongoing sales growth as markets reopen, driven by new supply agreements and multi-order deals, paving the way for continued success.
GEMXX Corporation (OTC Pink: GEMZ) announced positive revenue growth despite the global pandemic, highlighting increased account receivables of $610,069 compared to $21,376 last year. The company's total assets stand at $18,693,363, with a significant reduction of liabilities by 77.6% to $328,466. Net income saw a remarkable increase of 760%, reaching $276,939 compared to $36,460 in the same quarter last year. CEO Jay Maull emphasizes the company's strong foundation and improved efficiency, positioning GEMXX to capitalize on market opportunities in the travel and cruise sectors as the world reopens.
GEMXX Corporation (OTC Pink: GEMZ) has engaged International Monetary as its investment banking and strategic advisory firm to bolster its growth and long-term strategy. Announced on July 20, 2021, this partnership aims to enhance capital resources, financing structures, and investor relations services. CEO Jay Maull highlighted IM's extensive experience in supporting small public companies, which is crucial for GEMXX's objectives in the precious gemstone sector. The collaboration is expected to maximize shareholder value through strategic insights and capital facilitation.