GolfGear International Inc.

September 20, 2011 09:00 ET

GolfGear International, Inc. Announces Expansion of Its Business Model to Include Gold and Silver Mining and Precious Metals Extraction and Refining

LAS VEGAS, NEVADA--(Marketwire - Sept. 20, 2011) - 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.

Contact Information

  • GolfGear International, Inc.
    Ricardo Caicedo