Here's an interesting NR put out by GEM. The only reason I post it here is because it looks like they're trying to cut our grass. Incidentally, GEM - American Gem - is one of the companies that Adam Adamou was questioning when he announced MCF as his favorite Canadian pick.
May 5, 1999
American Gem To Announce New, Experienced Internet Management Team And Strategy To Become Canada's Leading Diversified E-Commerce Solution Company
TORONTO, May 5 /CNW/ - On Thursday, May 6, American Gem will introduce a dynamic, new Internet management team and reveal its strategic vision for developing diversified e-commerce solutions in Canada.
Media and members of the financial community are invited to attend a live announcement at:
Date/Time: Thursday, May 6 - 10:00 a.m. EST Where: NewsTheatre 98 The Esplanade Toronto, Ontario (416) 361-0070
Interested parties are also invited to participate via teleconference toll-free at 1-877-281-6635 or via live webcast at www.newstheatre.com.
A question and answer period will follow the announcement. Interviews will be available upon request.
About American Gem
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American Gem, formed in 1991, maintains one of the world's largest holdings of high quality cut sapphires and rough sapphires. In November 1998, Vic Alboini, a senior Canadian investment banker, formerly of Yorkton Securities Inc., became President and CEO of American Gem and rapidly expanded its strategic evolution as an Internet e-commerce company. On March 15, American Gem announced it would sell sapphires and other jewellery online. On April 12, American Gem announced the acquisition of Northern Securities Inc., a Toronto-based brokerage firm, for the purpose of developing full-service, Internet brokerage businesses.
For further information: please contact: Investors: American Gem, Andrew Beach, (416) 777-6687, awb(at)northernsi.com; Media: Hill and Knowlton, Dave Copp, (416) 413-4735, dcopp(at)hillandknowlton.ca
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