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GEMXX Corporation (OTC:GEMZ) Stock Falls After New CEO and Strategic Expansion Plans

Scott Birndorf

This morning, most investors are going to be keeping an eye on those companies that may have been in focus on Tuesday, and one of the companies that could be worth tracking is GEMXX Corporation (OTC: GEMZ).  The company is best known for being a provider of premium jewelry and gemstones. Yesterday, the company announced its plans pertaining to the expansion into successful business channels that had a track record of generating considerable shareholder value and revenues.

It was noted that the company had managed to maintain the stability of its revenues despite worldwide uncertainty. However, GEMXX Corporation had also been working diligently to discover alternative streams of revenue that would boost growth. In the news release, the company also stated that it remained steadfastly committed to broadening its scope by looking into new opportunities for growth. The company noted that it had been successful in discovering new partnerships, strategic ventures, and markets that could boost revenues and shareholder value. GEMXX Corporation was largely looking for those opportunities in emerging markets globally.

One of the more interesting updates that GEMXX Corporation provided yesterday was with regards to the fact that it was involved in negotiations to move into the energy market as part of its growth strategy. It was revealed that the company was in the middle of advanced discussions with important strategic partners and was involved in the evaluation of opportunities, which would make its portfolio far more diverse. The company aims to become a major operator in the energy market through strategic partnerships and investments. GEMXX Corporation will share further details about the negotiations soon. Last but not least, GEMXX Corporation also announced that it had appointed Richard Clowater as its new Chief Executive Officer and Chairman of the Board. The company made the appointment following the retirement of GEMXX Corporation founder Jay Maull.