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GEMZ Corp. in Negotiations to Acquire Nanotechnology Based
on Bucky Balls
NEW YORK, Oct 26, 2004 (BUSINESS WIRE) -- GEMZ Corp. (GMZP) today announced
that it is in negotiations to acquire a nanotechnology based on bucky balls.
Bucky balls, also known as Fullerenes, after the architect Buckminster
Fuller, are the roundest and most symmetrical large molecule known to man
and are the largest symmetrical molecules known in the nanoscience world. A
bucky ball is chemically stable and is an allotrope of carbon. Bucky balls
are hollow spheres and ovoids. They are formed from 60 carbon molecules in
the shape of a sphere. and are made up of twelve hexagons connected to
twenty pentagons, forming a figure similar to a soccer ball. One form of
bucky ball, known as C60 is the third major form of pure carbon; graphite
and diamond are the other two. Graphite and diamonds have greatly improved
technology in many fields, with their properties, such as their strength and
hardness. The C60 molecule has the special property of being able to absorb
large numbers of hydrogen atoms--almost one hydrogen atom for each carbon
atom --without disrupting the bucky ball structure. This property suggests
that fullerenes may be a better storage medium for hydrogen than metal
hydrides, the best current material, and hence possibly a key factor in the
development of new batteries and even of non-polluting automobiles based on
fuel cells. If we can manipulate carbon into a structure that can absorb
hydrogen, then hydrogen can used as a fuel, like gasoline.
The technology that GEMZ Corp. is negotiating to acquire focuses on using
bucky balls as a method of storing hydrogen to create better batteries
and/or fuel cells.
About GEMZ Corp.
GEMZ Corp. is a publicly traded company located in New York City. Its new
corporate website is www.gemzcorp.net.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks
and uncertainties. This release contains statements that constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E the Securities Exchange
Act of 1934, as amended. These statements appear in a number of places in
this release and include all statements that are not statements of
historical fact regarding the intent, belief or current expectations of the
Company, its directors or its officers with respect to, among other things:
(i) the Company's financing plans; (ii) trends affecting the Company's
financial condition or results of operations; (iii) the Company's growth
strategy and operating strategy; and (iv) the declaration and payment of
dividends. The words "may," "would," "will," "expect," "estimate,"
"anticipate," "believe," "intend," "promise," "negotiating to" and similar
expressions and variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company's ability to control,
and that actual results may differ materially from those projected in the
forward-looking statements as a result of various factors. Other risks are
reflected in GEMZ Corp.'s filings with the Securities and Exchange
Commission.
SOURCE: GEMZ Corp.
MarketConnexxions
Ken Lowman, 212-922-0573
info@gemzcorp.net
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