GEMZ Corp. (OTC:GMZP) Stock Surges 71% in a Week: What’s the Buzz?
The trading week may close today, but investors are going to be just as keen to discover and delve into stocks that they may wish to track. A company that could be worth looking into at this point in time is GEMZ Corp. (OTC:GMZP), and in fact, the company was in the news yesterday following a key development.
The company came into focus yesterday after it announced that its subsidiary unit BadgerBloX Inc. had been successful in the completion of a significant expansion of its manufacturing staging area and the parking lot. Chris Schrubey, the President of BadgerBloX, had been responsible for guiding the streamlining of the process and its completion on time.
The company announced that it was working on the procurement of materials so as to begin the production of its shipping container living units, with 20-foot and 40-foot variants. The company noted that its innovative turnkey models would help change the face of the container conversion industry completely.
The Chief Executive Officer of GEMZ Corp., Stephen Carnes, spoke about the development. He noted that the entirety of BadgerBloX was excited after having completed renovations and expansion at GEMZ’s manufacturing facility located in Gillette. He stated that BadgerBloX was committed to competitive pricing as well as craftsmanship, which would eventually give it an edge in the industry.
He went on to note that everyone at GEMZ Corp. believed that the company would quickly become one of the leading players in the shipping container conversion industry. Carnes also stated that there was an acute need for more affordable housing options, and BadgerBloX sought to play a major role in providing those options. Schrubey spoke about the expansion as well and noted that the entire team at BadgerBloX was considerably excited about the prospect of beginning production. He went on to note that over the previous months there had been a lot of work towards the remodeling of the facility. The remodeling had been necessary so as to process, handle, and convert the containers easily.
An update had been provided with regards to the work that was being done at the manufacturing facility on September 8. It was noted that the team from BadgerBloX was working hard in order to make major developments at the production facility and office. It was noted at the time that in the previous weeks, BadgerBloX had been involved in major renovations in the production space. The renovations had been undertaken to make the space suitable for the particular demands of the container conversion process.
The interior of the manufacturing space was being renovated to also adhere to the quality and efficiency standards of the new production line of the company. In the same new release, it was also revealed that BadgerBloX had also expanded the parking lot area so that the deliveries of shipping containers could be accomplished without any problems. The expansion would help BadgerBloX boost its logistical capacity. The property spans an area of 1.5 acres and would enable it to expand as per its needs.
