Symbol change today!
Found this for today so far.Press Release Source: GEMZ Corp.
GEMZ Corp. Enters Nanotechnology Business
Monday May 24, 7:30 am ET
FORMS NANOTECHNOLOGY SUBSIDIARY, ANNOUNCES SIGNED LETTER OF INTENT WITH TERRA SOLAR DEVELOPMENT CORP. AND EFFECTS CONSOLIDATION OF COMMON STOCK
NEW YORK--(BUSINESS WIRE)--May 24, 2004-- GEMZ Corp., (OTC: GMZP - News) announced today that it had formed a wholly-owned subsidiary, International Nanotechnology Corporation (INC) and that it had signed a letter of intent with Terra Solar Development Corp., a leading developer of photovoltaic and nanocell technology. The acquisition will be paid for with newly issued Preferred stock that under Rule 144 must be held for at least one year.
In connection with the acquisition the Board of Directors approved a consolidation, on the basis of one for one hundred, of the common stock of GEMZ Corp. fractional shares will be rounded up to the next highest number of integral shares and no fractional shares will be issued. The NASD has approved the new trading symbol for the stock effective today as GMZP.
Post the consolidation, there will be ten million shares authorized, 7.5 million shares outstanding, and about 6 million shares in the float.
Upon completion of the acquisition, Dr. Zoltan Kiss will become Chief Executive Officer of INC. Dr. Kiss is a noted inventor, with over thirty patents to his credit. He is the father of the LCD watch and his work has garnered major support from US and European governments, including the National Renewable Energy Laboratory, a part of the Department of Energy (see http://www.nrel.gov/ncpv/pdfs/tf_energy.pdf)
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. Its Consumer website is www.ucji.com. Its new corporate website will be www.GEMZCORP.COM.
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.
Contact:
GEMZ Corp.
Keneth Lowman, 917-969-5147
gemzcorp@yahoo.com
[This message has been edited by RevDew1 (edited May 24, 2004).]