LAS VEGAS, May 07, 2024 via IBN - GEMXX Corporation ( OTC: GEMZ ) ("GEMXX" or the "Company"), GEMXX Corporation is strategically expanding its business model to include private equity funding for the exploration of potential "Elephant" oil fields in Latin America, leveraging its deep relationships across multiple continents. This shift represents a calculated move to tap into high-risk, high-reward opportunities within "super-giant" onshore oil discoveries. The focus is on rare, overlooked, or underexplored basins, which are thought to hold substantial oil reserves. Utilizing its extensive network in major global oil markets, GEMXX aims to forge robust partnerships and secure essential capital to advance these ambitious exploration projects.
Currently, GEMXX is in the late stages of negotiations to secure financing for an audacious four-well wildcat drilling program aimed at uncovering potentially vast reservoirs. This initiative highlights GEMXX’s commitment to pioneering efforts in tapping monumental oil reserves that were previously bypassed or insufficiently explored. By strategically shifting towards private equity funding, GEMXX aims not only to enhance its presence in the global energy market but also to create maximum shareholder value by optimizing the exploitation of untapped resources and ensuring lucrative returns on investment.
GEMXX is very pleased to announce the appointment of Deane Preston to its Board of Directors, effective May 7, 2024. With a distinguished career marked by expertise in electrical infrastructure planning, installation, and management, Deane brings invaluable insights and leadership to the GEMXX team.
Deane Preston’s professional journey encompasses a wealth of experience across technical and managerial roles in the electrical utilities sector. Most recently serving as Operations Manager at Northern Wasco County Public Utility District (PUD) in The Dalles, Oregon, Deane demonstrated an unwavering commitment to operational excellence. His adept leadership ensured efficient project completion while prioritizing industry standards and safety regulations. Deane's negotiation skills were instrumental in securing advantageous terms with vendors and contractors, optimizing resource allocation and enhancing organizational value.
Prior to his role at Northern Wasco County PUD, Deane served as contracted Electrical Technician/Manager with Florida Power and Light (FPL) in South Florida. Here, his expertise in overseeing the installation, maintenance, and construction of electrical infrastructure played a pivotal role in ensuring reliability and integrity. Deane's transition into management roles showcased his ability to foster positive work environments, resolve conflicts, and drive business growth through effective employee relations and strategic contract negotiations.
Deane Preston's appointment to the GEMXX Corporation Board of Directors underscores the company's commitment to excellence and innovation. His extensive knowledge of electrical infrastructure, coupled with strong leadership and managerial abilities, will be invaluable as GEMXX continues to expand its presence in the industry. Deane's reputation for problem-solving and his dedication to achieving optimal outcomes make him a valuable addition to the board.
"We are delighted to welcome Deane Preston to the GEMXX Corporation Board of Directors," said Richard Clowater, CEO at GEMXX Corporation. "Deane's wealth of experience and proven track record in the energy infrastructure sector align perfectly with our strategic goals. We look forward to leveraging his expertise as we continue to drive innovation and excellence in the industry."
Deane Preston's appointment further strengthens GEMXX Corporation's leadership team, positioning the company for continued success and growth in the dynamic energy market.
ABOUT GEMXX CORPORATION
GEMXX Corporation (OTC: GEMZ; $GEMZ) is strategically expanding its business model to include private equity funding for the exploration of potential "Elephant" oil fields in Latin America, leveraging its extensive relationships across multiple continents. This strategic shift represents a calculated move to capitalize on high-risk, high-reward opportunities within "super-giant" onshore oil discoveries. Our primary focus is on identifying rare, overlooked, or underexplored basins believed to contain substantial oil reserves.
Utilizing our extensive network within major global oil markets, GEMXX aims to cultivate robust partnerships and secure essential capital to drive forward these ambitious exploration projects. Our commitment to prospecting, exploration, and exploitation spans a diverse range of commodities essential for meeting the world's growing energy and resource demands. From oil and gas to precious metals and rare earth elements, we are dedicated to harnessing resources and leveraging our expertise at every stage of production, from exploration to distribution.
With a global reach and a steadfast commitment to excellence and innovation, GEMXX Corporation is well-positioned to navigate the evolving market landscape and drive long-term success for our shareholders.
For more information, please visit: GEMXX Corporation
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.
Signed. /S/ Richard Clowater, CEO
GEMXX Corporation
For more information, please contact:
Corporate Communications:
Investor Brand Network (IBN)
Los Ángeles, California
310.299.1717 Office
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