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Friday, April 07, 2006

GMXR CEO Fails to Certify 2005 10K as Required by SEC
Company Forced to Amend 10K.

The CEO of GMXR failed to sign section 1350 on the 2005 10K as required by the SEC. It is rather ironic that GMXR CEO Ken Kenworthy Jr. failed to sign the most important part of the 10K filing that certifies that the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005 fully complies with the requirements of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents the financial condition and results of operations of the Company.

Notice below in Exhibit 32.1 "Certification of the Chief Executive Officer" that it is in fact the Chief Financial Officer that signs the document.


CFO signs for CEO. (click on image to enlarge.)

Paying attention to detail is one of the most important job requirements of a CEO and CFO. Obviously both GMXR's CEO and CFO failed to pay attention to detail. This reflects poorly on these two individuals and this company. This is yet another strike against this management team. Not only are they tardy in submitting SEC filings they also fail to properly certify that they are accurate.

Here is the amendment.