GEMZ Corp. Improves Business Efficiencies and Increases Profit Margins.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 10, 2003 GEMZ Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : GMZC) announced today that it has dramatically improved its business efficiencies by outsourcing and purchasing ready made jewelry designed by GEMZ to GEMZ specifications. GEMZ continues to design all of its jewelry and distributes them to its clients. This shift in business fundamentals business fundamentals The general background within which an economy operates including earnings, sales, wage rates, taxes, and inflation. Improving business fundamentals are generally viewed as bullish for stocks, although stock prices at any given point eliminates the need for GEMZ to inventory expensive gem stones and precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. thus reducing the need for expensive capital to fund the manufacturing process and additionally increases its profit margins. Mr. Ratzon Kochavi, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of GEMZ Corp. noted, "This has been a business model which we have been developing for sometime. It allow us to maintain control over quality, design and distribution while eliminating tremendous manufacturing costs. It enables us to be more responsive and flexible in meeting customer needs and demands without incurring heavy costs; at the same time we improve our margins through the elimination of large inventory and manufacturing infrastructure." About GEMZ Corp. GEMZ Corp. is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. located in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The Company is a designer and distributor of karat karat A measure of the purity of gold. Pure gold is indicated by the label 24 karat. See also fineness. gold jewelry in the United States. It offers its customers a large selection of jewelry styles, consistent product quality and prompt delivery of product orders. The principal product line is a wide assortment of 14 karat gold earrings, charms, bracelets and rings. The Company offers over 1000 styles of gold charms, earrings, bracelets and rings. Much of the gold jewelry is sold on QVC QVC Quality Value Convenience QVC Question Valid Command . The Company's customers include mass merchandisers and jewelry wholesalers and distributors. Its Consumer website is www.ucji.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion