GEO JS Tech Group Announces $106.2 Million USD Contract

Rhea-AI Summary

GEO JS Tech Group Corp. (Pink Sheets: GJST) is in the final stages of negotiating a significant deal valued at $106.2 million to supply scrap metal from Saudi Arabia to the People's Republic of China. The company anticipates average monthly orders of $8.85 million for used rails. CEO Edward Mui expressed excitement about the international partnership aimed at enhancing business growth in 2021.

GJST, founded in 2010, focuses on the exploration of minerals including sand and iron in Mexico and Malaysia.

Positive

• Negotiating a $106.2 million deal provides significant revenue potential.
• Expected average monthly orders of $8.85 million contribute to financial stability.
• Expansion into international markets enhances business growth opportunities.

Negative

• None.

HOUSTON, Feb. 18, 2021 /PRNewswire/ -- GEO JS Tech Group Corp. (Pink Sheets: GJST) is in final negotiations to broker a deal between the People's Republic of China and Saudi Arabia to provide scrap metal worth 106.2 Million. The company expects average monthly orders of $8.85 Million (USD) of USED RAILS originating from Saudi Arabia and to be transported to China. "We're very excited to be an international partner in helping make this deal come to fruition," said CEO Edward Mui. "This is part of our goals to expand business and provide finances for growth and expansion in 2021."

About GEO JS Tech Group Corp. (GJST)

GEO JS Tech Group Corp. engages in the exploration of sand, stone, and iron minerals in Mexico and Malaysia. Its principal project includes El Sara property, which is located in the Pacific coastal plain of Baja California, Mexico. The company was founded in 2010 and is based in Houston, Texas.

This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

 

View original content:http://www.prnewswire.com/news-releases/geo-js-tech-group-announces-106-2-million-usd-contract-301230608.html

SOURCE GEO JS Tech Group Corp.

FAQ

What is the recent deal announced by GEO JS Tech Group (GJST)?

GEO JS Tech Group is negotiating a $106.2 million deal to supply scrap metal from Saudi Arabia to China.

How much is GEO JS Tech Group expected to earn monthly from the recent deal?

The company expects average monthly earnings of $8.85 million from used rails.

When was the press release published for GEO JS Tech Group's contract?

The press release was published on February 18, 2021.

Where does GEO JS Tech Group operate its mineral exploration activities?

GEO JS Tech Group engages in mineral exploration in Mexico and Malaysia.