RED BANK, NJ / CRWEPRESSRELEASE / September 16, 2015 /Management of Genesis Electronics Group, Inc. (OTCMKTS:GEGI) announced today that upon receiving confirmation from the Bureau Of Land Mgt.(BLM), we has moved forward to satisfy additional obligations of the sublease agreement for the property known as “Mav5-E” located in the Osceola Mining District in Nevada. The Company has met all requirements through the Nevada Department of Environmental Protection.
Additionally Genesis through its wholly owned subsidiary, Genesis Mining Corp, has begun setting up at the site for the mining operations. The Company has ordered the infrastructure equipment for its employees and various processing equipment.
Mr. Raymond F. Purdon, President & CEO, commented, “We are pleased with our progress to date and extremely excited to be moving forward with mining project. This is another step to in achieving full operational status and we expect to begin production shortly. We will be providing updates as we reach the next phase of the project.”
About Genesis Electronics Group, Inc.
Genesis Electronics Group, Inc. is a holding company which makes acquisitions, investments, and enters into strategic business partnerships. The Company works with organizations that are looking for capital, management assistance, or help in reaching their target markets to realize their true potential. In May 2008, Genesis completed a merger with Genesis Electronics, Inc. a company that is engaged in the development of solar and alternative energy applications for consumer devices such as mobile phones device. In March of the this year the Company finalized the lease and mining agreement for a 20 acre claim on the property known as “Mav5-E.” Located in the Osceola Mining District in Nevada, White Pine County, approximately 29 miles southeast of Ely, the project consists of 985 acres is divided up in thirteen claims. The Company operates the mine through its wholly owned subsidiary, Genesis Mining Corp: www.genesisminingcorp.com www.genesiselectronicsgroup.com.
Safe Harbor Statement
Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “intend,” and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Genesis to be materially different from those expressed or implied by such forward-looking statements. Genesis’s future operating results are dependent upon many factors, including but not limited to the Company’s ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company’s control; and (iv) other risk factors.
For more information contact:
Raymond F. Purdon
Tel: (732) 936-8690
SOURCE: Genesis Electronics Group, Inc