Gear International, Inc. Updates Business Outlook, Plans Acquisitions for 2012
23 March 2012 - 3:22AM
Marketwired
Gear International, Inc. (PINKSHEETS:GEAR) is pleased to announce
progress on a number of strategic initiatives that will enhance
Gear's position in the marketplace. Gear has officially changed
from "GOLFGEAR" to "GEAR" having effectively shifted its entire
business model and direction from its prior business model. Dale
Geck the president of the company has filed the name change with
FINRA and all other necessary agencies. The symbol for Gear
International, Inc. will remain the same. The website,
www.gearii.com, will offer up to date information on the company's
development.
The company acquired the knowledge and expertise of Jamal Lucas,
Faisel AbulAziz and Felix Abangin who have all agreed to become
advisors. As we develop our management team we are looking forward
to positioning the company as a leading resource development
company.
Gear's board has instructed legal counsel to reduce the
authorized common stock from 2,900,000,000 to 600,000,000 and to
cancel all class "C" preferred stock by the end of March 2012.
Geck states, "This change in business direction is a huge step
for Gear International, Inc. The aggregate experiences of our new
advisors enhance Gear's ability to continue attracting investors
from new markets. The fact that individuals with diverse and
accomplished profiles are advising GEAR, serves as notice for small
cap gold producers to partner with GEAR and benefit from global
interest in Gold as an asset. Gold will continue to be an effective
asset in hedging against macroeconomic risk, sovereign credit,
inflation concerns, and loose monetary policies. Our supply chain
market entry point allow us to operate with positive margins even
if Gold retraces 400%. Obviously there are a number of global and
political scenarios that could impact gold's value to
$2100/oz."
About Gear 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 GolfGear International, 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: Gear International, Inc. Dale Geck President - CEO
1-888-550-7067Info@gearii.com www.gearii.com
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