NEW YORK--(BUSINESS WIRE)--Sept. 1, 2004--GEMZ Corp., (OTC: GMZP) takes note of published reports indicating that the market for technology being developed by International Nanotechnology Corp., a subsidiary of GEMZ Corp. is growing at a rate exceeding 30% per year.

SolarBuzz.com (http://www.solarbuzz.com/Marketbuzz2004-intro.htm) reports that World solar photovoltaic market installations soared to 574 Megawatts in 2003, representing growth of 34% over 2002.

Solar power generates less than 1 percent of the electricity in the United States, according to Robert Margolis, a senior analyst with the U.S. Department of Energy, providing a huge growth opportunity.

"Solar energy power generation is growing 20 percent to 30 percent a year, and that's not shabby," said Roberta Gamble, an energy analyst at Frost & Sullivan, the Palo Alto market research firm that recently completed a report on the industry.

Over the last 20 years, improvements in manufacturing techniques gradually lowered the costs of solar cells. That has widened their use, which in turn has led to further expansions in the market and further economies of scale.

"Basically every three years, the overall industry volume doubles, and for every doubling of volume you reduce costs 18 percent," said Tim Woodward, a venture capitalist at Nth Power, a San Francisco firm that invests in energy technologies.

"Right now, this is a real industry that's growing 30 percent a year," said Woodward, whose firm invests in solar cell manufacturing technology.

GEMZ Corp. is investing in the development of solar-powered technology against this positive background of a rapidly-growing market.

About GEMZ Corp.
GEMZ Corp. is a publicly traded company located in New York City. Its new corporate website is www.gemzcorp.net. Its subsidiary, International Nanotechnology Corp. (INC) is developing a solar-powered solution for powering cellphones and laptop computers. INC recently entered into a definitive agreement with TSDC-N, a joint venture created by Terra Solar Development Corp. (TSDC) and Dr. S. Kulcsar. TSDC is a leading developer of photovoltaic and nanocell technology. As announced, INC will acquire substantially all of its nanotechnology assets of TSDC-N and an exclusive license to sell certain photovoltaic products being developed by TSDC in the United States as well. The INC product is believed to be the first to use PV Nanofilms, which combine thin films and nanotechnology so they it can also work indoors in most lighting situations. Nanofilms have elements below 1000 and even below 100 nanometers. The National Science Foundation (NSF) defines nanotechnology as consisting of components and elements 1000 nanometers and under. (1 nanometer is one billions of a meter or 10 Angstroms).