Genesis Electronics Group announces new business plan with
Salt Lake City, Utah, May 31, 2022 (GLOBE NEWSWIRE) — Electronic Genesis Band announces new business plan focused on autonomous technologies
The Company will actively seek acquisitions or license agreements with stand-alone technology companies
Salt Lake City, UT – May 31, 2022 – Genesis Electronics Group, Inc. (GEGI), today announced that it has launched a new business plan focused on acquisitions or licensing agreements with standalone technology companies .
The Company will focus on identifying companies and/or technologies in sectors such as transport, security, flight and artificial intelligence, where autonomous technologies will be an explosive accelerator for the growth of new companies.
“I am very pleased to finally be able to reveal the new direction of Genesis Electronics Group,” said Braden Jones, CEO. “Since I was named CEO of the company, many elements of corporate stewardship had to be put in place so that we could move forward with our business plan. The settlement with the former Judgment Holder has been extremely valuable as it has freed up the company to actively grow the business and deliver greater shareholder value.We have worked very hard to refine our business plan and believe that focusing on autonomous technologies will bring the greatest value to our shareholders.
Mr Jones continued: “Autonomous technology has advanced rapidly over the past 10 years and there are so many industries that can be disrupted if these technologies are applied to them. We bring together a highly skilled team of advisors and partners who make presentations to companies that may be good candidates for acquisition or licensing deals. Their expertise and advice have been extremely valuable so far. We look forward to formalizing our relationship with these individuals and the Company and to making these announcements in the near future, so that their value can be felt by our shareholders.
In addition to launching the new business plan, the company launched its new interim website to provide more information to its shareholders. This website will be updated frequently as parts of the Company’s business plan unfold. The new website can be found here: https://www.genesis-electronics.com/.
As part of the change of control process of the former controlling parties and management, the company has filed the documents required as part of the change of control process with the OTC markets. Once this process is complete, the Company will be able to provide more regular and accurate updates to the markets and its Shareholders.
About Genesis Electronics Group, Inc.
Genesis Electronics Group assembles a team of self-directed experts to identify companies and/or technologies that can be acquired and applied to specific industries that are ripe for disruption.
This press release may contain “forward-looking statements”. Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are beyond our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Accordingly, you should not rely on any such forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those set forth in the forward-looking statements are included in our filings with the Securities and Exchange Commission, including the “Risk Factors” section of our CTA annual disclosure report. Markets for the year ended December 31, 2020. Any forward-looking statement we make in this release is based solely on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to update publicly any forward-looking statements, whether written or oral, which may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by applicable law. ‘required.
Genesis Electronics Group, Inc.