STOCK TITAN

Gold and Gemstone Mining, Inc is pleased to announce the opening of Phase 1 of its Brand New resort in the Mentawai Islands

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Rhea-AI Summary

GGSM Corporation has announced the early completion and opening of Stage 1 of its environmentally friendly Nasara resort in the Mentawai Islands, designed as a premier recreational destination with reliable surfing conditions year-round. CEO Rudi Khelces highlighted that this resort aims to become a cornerstone of tourism, featuring a planned construction of a 37-villa facility, targeting a 4.5-star rating to attract both locals and tourists. This development reflects GGSM's strategic growth in the tourism sector.

Positive
  • Early completion of Stage 1 of Nasara resort ahead of schedule.
  • Planned construction of a 37-villa tourism resort to enhance offerings.
  • Focus on becoming a 4.5-star destination, appealing to a wider audience.
Negative
  • None.

JAKARTA, Indonesia, Aug. 3, 2022 /PRNewswire/ -- The Nasara resort is our brand new environmentally friendly resort.  Nasara is conceived as an iconic recreation destination.  As a surfing destination, few places on earth offer diverse, reliable waves on offer across the entire island group throughout the year.  CEO and CFO Rudi Khelces stated, "We are excited to have our Stage  1 ready and open for business ahead of schedule.  In addition to our overall growth, Nasara will be the cornerstone of our plan to build and construct a 37 Villa tourism resort.  Our facilities and surroundings are outstanding on a world-class scale." The development objective is to create a 4.5-star destination to be enjoyed by locals and foreigners alike.  Website for more information https://nasararesort.com/the-resort/#nasara

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

Cision View original content:https://www.prnewswire.com/news-releases/gold-and-gemstone-mining-inc-is-pleased-to-announce-the-opening-of-phase-1-of-its-brand-new-resort-in-the-mentawai-islands-301599112.html

SOURCE Gold and Gemstone Mining, Inc.

FAQ

What is the Nasara resort and its significance for GGSM?

The Nasara resort is an environmentally friendly facility in the Mentawai Islands, aimed at being a premier surfing destination, and is critical to GGSM's strategic growth in tourism.

When did GGSM open the first phase of the Nasara resort?

GGSM opened Stage 1 of the Nasara resort on August 3, 2022, ahead of schedule.

What are the future plans for the Nasara resort?

GGSM plans to construct a 37-villa resort to establish a 4.5-star tourism destination.

How does the Nasara resort impact GGSM's business?

The Nasara resort is a cornerstone of GGSM's growth strategy, aiming to attract tourists and enhance revenue streams.

GOLD AND GEMSTONE MNG INC

OTC:GGSM

GGSM Rankings

GGSM Latest News

GGSM Stock Data

1.05M
Other Precious Metals & Mining
Basic Materials
Link
United States of America
Irving