Gear International, Inc. Updates Financial Statements, Shows Increased Value and Progress of Business Model
May 20 2012 - 2:08PM
Marketwired
Gear International, Inc. (PINKSHEETS:GEAR) released financial
statements demonstrating significant improvement in asset value and
cash on balance from 2010 to the current fiscal year. Complemented
by a series of asset acquisitions and joint venture agreements on
several mining claims, the underlying company financials suggest a
fundamental enhancement of shareholder value could soon be
realized. GEAR has added 5 mining claims and improved its cash
reserves. Additionally, GEAR management is anticipating a market
correction in the value of the company's stock after successfully
eliminating a hostile shareholder from the float.
GEAR's value to its stockholders continues to exhibit
transformational potential. During the period between December 31st
2010 and December 31st 2011, GEAR's stockholder equity transformed
from a negative value to over 7 million dollars with minimal public
activity or wealth generating capacity. In 2012, management's
substantial improved GEAR's brand awareness, activities, and asset
claims.
GEAR president Dale Geck affirms: "The industry averages for
mining companies possessing producing assets suggest that current
and near term shareholders could be observing exponentially
increased value within the next few quarters. Company due diligence
was unable to yield evidence of a publicly traded company with
ownership of a producing gold mine maintaining market
capitalization of less than 500 million USD; GEAR has several
projects with historical reserve volumes exceeding that number.
Over the next 120 days as we register those reserves with today's
leading standards, current shareholder values could be rendered
obsolete."
About Gear International, Inc.:
Gear International, Inc. was originally incorporated in 1996.
The company's strategically focused on gold and silver mining,
providing financing for gold and silver mining projects, and
precious metals processing and refining.
Safe Harbor
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of Mission Holdings LLC., and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The company undertakes no obligation
to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
Contacts: Gear International, Inc. Dale Geck President
888-550-7067info@gearii.com www.gearii.com
Matchaah (CE) (USOTC:MCHA)
Historical Stock Chart
From Jan 2025 to Feb 2025
Matchaah (CE) (USOTC:MCHA)
Historical Stock Chart
From Feb 2024 to Feb 2025
Real-Time news about Matchaah Holdings Inc (CE) (OTCMarkets): 0 recent articles
More Gear International, Inc. News Articles