Gold and GemStone Mining, Inc. Announced First Quarterly Report in 2022

JAKARTA, Indonesia, July 28, 2022 /PRNewswire/ -- Gold and GemStone Mining, Inc. (OTC: GGSM); "the Company"), a leader in chartering to the World-Famous Mentawai Island and Beyond, Posts Positive Revenues poised for further growth as world travel to Indonesia opens for business.

The Company is highlighting significant achievements solidifying its strong foundation for growth in the coming year. 

"We are very pleased with the performance of the Company through the pandemic." stated Volha Zvalinskaya, GGSM, President. "We continue to build a solid base of recurring revenue by issuing Visas, accommodations, and charter boat services into the World class surfing area of the Mentawai Islands. This is due to Company's CEO and CFO, Rudi Khelces, team hard work and determination to offer Clients charters to uncrowded beaches, marine and remote high-quality surfing waves, and providing an unforgettable experience."

Key Highlights April 30, 2022, Quarterly report, Company's Net income increased 43.29% to $2,320,641 from $1,619,530 in the April 30, 2021 Quarterly report, and assets grew to $5,201,804, an increase of 1452% compared to April 30, 2021.

GGSM anticipates further growth ahead with the world reopening as travelers chase the full excitement/exhilaration of the charter services and leisure boating vacation experience, immersing themselves in warm-weather remote uncrowded activities to beaches and marine and high-quality surfing. The GGSM management team is reviewing new opportunities and strategic partnerships while growing a proven business model for continued long-term growth and profitability.

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

1. Website:  https://ggsmglobal.com
2. Email:  [email protected]

SOURCE Gold and Gemstone Mining, Inc.