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.