Gold and GemStone Mining, Inc. Annouces Positive Revenues in the 2022 Annual Report

Rhea-AI Summary

Gold and GemStone Mining, Inc. (OTC: GGSM) reported a significant growth in its 2022 annual revenues, achieving a net income increase of 2440.66% to $3,906,273, up from $153,750 in the previous year. Total assets surged 1826.26% to $4,331,671. The company cites successful strategic initiatives, including a Share Exchange Agreement with PT. Surf All Day, contributing to a solid base of recurring revenue. GGSM anticipates continued growth with the reopening of global travel and focuses on expanding its charter services.

Positive

• Net income increased 2440.66% to $3,906,273 from $153,750.
• Total assets grew 1826.26% to $4,331,671 compared to January 31, 2021.
• Completed a Share Exchange Agreement with PT. Surf All Day enhancing revenue.
• Management is exploring new opportunities for strategic partnerships.

Negative

• None.

JAKARTA, Indonesia, May 12, 2022 /PRNewswire/ -- Gold and GemStone Mining, Inc. (OTC: GGSM); "the Company"), a leader in chartering to the world-famous Mentawai Island and Beyond, posts positive annual revenues.

The Company is highlighting significant achievements solidifying its strong foundation for growth in the coming year.  

"We are very pleased with the performance of the Company through this pandemic," stated Volha Zvalinskaya, GGSM, President. "We continue to build a solid base of recurring revenue by completing a Share Exchange Agreement with PT.  Surf All Day and global recreational boating market. This is due to Company's new CEO and CFO, Rudi Khelces, team hard work and determination to offer Clients charters to uncrowded beaches, marine and remote high-quality surfing waves, and providing an unforgettable experience."

Key Highlights January 31, 2022, Annual Report, the Company's net income increased 2440.66% to $3,906,273, from $153,750 in the 2021 Annual Report, and total assets grew to $4,331,671, an increase of 1826.26% compared to January 31, 2021.

GGSM anticipates further growth ahead with the world reopening as travelers chase the full excitement/exhilaration of the charter services and leisure boating vacation experience, immersing themselves in warm-weather remote uncrowded activities to beaches and marine and high-quality surfing. GGSM management team is reviewing new opportunities and strategic partnerships while growing a proven business model for continued long-term growth and profitability.

ABOUT GGSM CORPORATION

GGSM is a publicly-traded company, engaged in the charter boat business in the Mentawai Islands and Beyond. The Kuda Laut's charter vessel is a Mentawai Surf Charter vessel to the World-Famous Mentawai Islands. The Kuda Laut has been chartering to the Mentawai, Telos, Nias, and Banyak Islands for over 25 seasons. From the Lagundri Bay in Nias, the Hinakos, the Bay of Plenty in the Banyaks, the Telos long rights, and the famous waves in the Mentawai, such as Rifles. No Kandui, Ebay, etc., in the Playground, to telescopes, Bintang, Lances Right.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our Company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

For More Information, visit https://ggsmglobal.com

Gold and Gemstone Mining, Inc., Investor Relations

Website: https://ggsmglobal.com
Email: ir@ggsmglobal.com 

View original content:https://www.prnewswire.com/news-releases/gold-and-gemstone-mining-inc-annouces-positive-revenues-in-the-2022-annual-report-301546221.html

SOURCE Gold and Gemstone Mining Inc.

FAQ

What are the annual revenue highlights for Gold and GemStone Mining, Inc. for 2022?

Gold and GemStone Mining, Inc. reported a net income increase of 2440.66% to $3,906,273 for the 2022 fiscal year.

How much did the total assets of GGSM grow by at the end of the 2022 fiscal year?

Total assets of GGSM grew by 1826.26% to $4,331,671.

What strategic moves is GGSM making to enhance its growth?

GGSM completed a Share Exchange Agreement with PT. Surf All Day and is exploring new partnerships to expand its business.

What is GGSM's outlook for growth in the coming year?

GGSM anticipates further growth as global travel reopens, boosting its charter services and leisure boating experiences.