GolfGear International, Inc. Announces Expansion of Its Business Model to Include Gold and Silver Mining and Precious Metals ...
September 20 2011 - 9:00AM
Marketwired
GolfGear International, Inc. (PINK SHEETS: GEAR) announces that its
Board of Directors has approved a change in the Company's business
model to include gold and silver mining, joint participation in
gold and silver mining ventures, providing financing for gold and
silver mining projects, as well as processing and refining precious
metals. The Company is currently involved in negotiations to enter
into one or more joint venture agreements to mine gold and silver.
The Company also plans to secure a licensing agreement to extract,
smelt, and refine precious metals. GolfGear International, Inc.
anticipates pursuing its mining-related business operations under a
wholly owned subsidiary, Gear International, Inc. Further
announcements will be forthcoming.
About GolfGear International, Inc.:
GolfGear International, Inc. was originally incorporated in 1996
as a golf equipment company. The Company has recently altered its
business strategy to include gold and silver mining, providing
financing for gold and silver mining projects, and precious metals
processing and refining.
Safe Harbor
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of EnviroXtract, Inc., and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The company undertakes no obligation
to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
Contacts: GolfGear International, Inc. Ricardo Caicedo President
888-550-7067 info@gearii.com
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