NEW YORK, Oct. 6, 2005 (PRIMEZONE) -- Winmax Trading Group, Inc. (OTCBB:WMTG) ("the company") is pleased to announce that, as part of its efforts to increase the market participation of its subsidiary, The Gemstore, it has launched a new line of jewelry in 14-karat gold. Our new product has begun selling at our Soho location in Manhattan.
"These new products are being added in preparation for the upcoming Christmas season. We are very excited to be moving in this direction. We feel that this will increase our sales, and still offer our customers remarkable and unexpected value," said Gerald E. Sklar, president and CEO of Winmax Trading Group, Inc.
The Gemstore Soho is a boutique store located in the heart of the ever trendy urban Soho of Manhattan. Our store features innovative designs using high quality precious gemstones. We carry our exclusive Chunq line, minerals from Madagascar, amber from Poland and a variety of colored gemstones such as sapphire, ruby, emerald, tourmaline, amethyst, topaz and garnet. Our prices, quality and service are unmatched.
About The Gem Store: As a division of Winmax Trading Group, Inc., The Gemstore is engaged in designing, branding, marketing and distributing a full range of fine jewelry. The company has been built using a vertical integration strategy and an unwavering commitment to quality and service. The Gemstore, Inc. and www.thegemstore.com is supported by a growing precious gemstone asset-base. Winmax deals directly with suppliers of all qualities of precious gems that come from other direct sources. All stones are then transferred to some of the world's best facilities for processing. High quality cutting of the gemstones brings out their true brilliance.
About Winmax
Winmax Trading Group, Inc. operates in three segments; retailing, multimedia and Internet services. Winmax's retail division, "The Gemstore and the Crystal store" features a wide range of original gemstone jewelry designs which are developed in-house by the company's team of artisans and various decorative gemstone and minerals from Madagascar. Sales are generated from The Gemstore's e-commerce sites (www.thegemstore.com) and their retail location in New York, New York. Winmax Trading Group, Inc.'s multimedia division designs, produces and hosts several video stream and media features through Uptic.com and bnetTV.com. The Internet services division builds and creates interactive networks and e-commerce sites.
This release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Winmax Trading Group, Inc. is referred to herein as "we," "our," "us," "the company" or "Winmax." The words or phrases "would be," "may allow," "intends to," "may likely," "are expected to," "may continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Such statements include those concerning our expected financial performance, our corporate strategy and operational plans. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties, including: (a) intense competition in the web development design, web casting, Internet solutions, e-commerce, and retail business; (b) whether we are able to manage our planned growth efficiently, including whether our management will be able to identify, hire, train, retrain, motivate, and manage required personnel or that management will be able to manage and exploit existing and potential market opportunities successfully, and (c) whether we are able to generate sufficient revenues or obtain financing to sustain and grow our operations. We are in the early stage of building and expanding the company and have not generated sufficient revenues to maintain day to day operations.