GEMZ Corp. to Develop Solar-Powered Laptop Solution Using Nanofilms Which Combine Photovoltaic and Nanotechnology to Operate under Normal, Indoor Lighting Conditions.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--June 10, 2004 GEMZ Corp., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : GMZP - News) announced today that its wholly-owned subsidiary, International Nanotechnology Corporation (INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. ) is planning to develop a solar-powered solution for powering laptop computers. INC previously announced that it had signed a letter of intent with Terra Solar Development Corp., a leading developer of photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. and nanocell technology to acquire substantially all of its nanotechnology assets and certain photovoltaic assets as well. The solar-powered laptop charger CHARGER, Scotch law. He in whose favor a decree suspended is pronounced; vet a decree may be suspended before a charge is given on it. Ersk. Pr. L. Scot. 4, 3, 7. will be the first product resulting from the planned combination. While laptop users everywhere need a cost-effective device that can continually power or recharge laptops without plugging them in, previous products use crystalline or polycrystalline silicon Polycrystalline silicon or polysilicon or poly-Si or simply poly (in context) is a material consisting of multiple small silicon crystals. Polycrystalline silicon can be one of the purest elements in the world; it may be as much as 99.9999999+% pure. photovoltaic cells don't do the job, as they work only when they are recharged in direct sunlight. The INC product is believed to be the first to use PV Nanofilms, which combine thin films and nanotechnology so they it can also work indoors in most lighting situations. Nanofilms have elements below 1000 and even below 100 nanometers. The National Science Foundation (NSF NSF - National Science Foundation ) defines nanotechnology as consisting of components and elements 1000 nanometers and under. (1 nanometer is one billions of a meter or 10 Angstroms). Dr. Zoltan Kiss, who upon completion of the acquisition will become Chief Executive Officer of INC and who is a noted inventor, with over thirty patents to his credit said, "This planned new product is the first of what we expect will be a family of consumer products that utilize nanotechnology to provide cost-effective solutions to problems not previously solved with conventional technology and which have wide consumer application." The product is expected to be available for sampling in the fourth quarter of 2004. Pricing has not been announced but is expected to be very competitive with older, more limited solutions. 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. . Its new corporate website is www.gemzcorp.net. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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