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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Genesis Electronics Group Inc (CE) | USOTC:GEGI | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.000001 | 0.00 | 00:00:00 |
The company also announces that, commensurate with a restructuring of the company in July 2011, it has completed its relocation from Hollywood, Florida to Red Bank, New Jersey. Raymond Purdon, Chairman of the Board, commented, "The company made the decision last July to restructure and relocate to a more centralized location for serving the telecommunication market. New Jersey has long been a technology area for the industry as well as being a good location for the corporate headquarters.
"Additionally, with the appointment of Thomas Makmann as Genesis Electronics President and CEO, we gain experience in high technology as well as operations and marketing," Purdon added. "We have been developing the concept of a multi-purpose charger for smartphones for some time now and are very excited, through Mr. Makmann's leadership, to now be able to offer the solution. The Company believes it can expect to see improved revenues and operating results in 2012."
Makmann added, "Our SunBlazer has been carefully designed for today's power-hungry users who rely on their iPhones for hours and hours of music, videos, apps and accessing online services, as well as voice calls and texts. A seamless extension for the iPhone, it is sleek in design, easy to use and an effective application of renewable energy. The SunBlazer can be recharged directly from the sun to provide extra usage when camping, hiking, and biking or taking part in other outdoor activities."
Designed, developed and manufactured in the United States, the SunBlazer will have an $89.95 suggested retail price. Genesis Electronics plans to market the SunBlazer through national retailers, wireless phone stores and online sites. In addition, the SunBlazer will be rolled out through other North American and international markets. The Company is accepting orders for January 2012 delivery.
The SunBlazer's key features include an easy plug-and-play iPhone 4 built-in docking connector for USB charging and use, as well as standard mini-USB interfacing for quick charging and sync-up. The SunBlazer has a long-lasting charge due to its low standby current when unplugged.
"The SunBlazer's built-in intelligence monitors power usage," said Makmann. "As the phone's storage battery drops below a certain level, the SunBlazer charges up the battery using stored solar or conventional power. Nightly charging of the iPhone 4 and the SunBlazer will keep the heavy user on-air, online, and in-sync."
Using the SunBlazer multipurpose charger will substantially extend the life of the iPhone 4 battery by not only doubling the amount of available charge but taking away the worry of heavy usage which quite often leaves the phone completely depleted. The SunBlazer™ is based on technology that is covered in patents which include a broad range of practical applications for solar-powered charging modules pertaining to virtually any hand-held or portable electronic device.
About Genesis Electronics Group Genesis Electronics, Group, Inc. is a publicly traded corporation (OTCBB: GEGI) and is the parent company of Genesis Electronics, Inc. Genesis Electronics Inc. is a developmental stage electronics company with a patented "Enhanced Solar to Battery Electronic Technology" that charges a battery from solar energy and efficiently transfers that energy to the battery of an electronic device that optimizes the conversion of light into electrical energy. This technology can be applied to virtually any portable or hand-held electronic device. Genesis developed this technology to produce solar chargers for multi-featured cell phones, such as the Apple 4 and 4S iPhone. For more information, visit www.genesiselectronics.net or www.mysunblazer.com.
Forward Looking Statements Except for historical matters, matters discussed in this release are forward-looking and are made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. Investors are cautioned that these statements reflect numerous assumptions and involve risks and uncertainties that may affect Genesis Electronics Group, Inc., its business and prospects, and cause actual results to differ materially from these statements. Among these factors are Genesis Electronics Group, Inc.'s operations; competition; entry barriers; relationship reliance; technological changes; new systems introduction; vendors pricing; supply of components and software, and other factors detailed from time to time in our filings with the U.S. Securities and Exchange Commission. In light of risks and uncertainties in these forward-looking statements, they should not be regarded as a representation by Genesis Electronics Group, Inc. or any other person that the projected results, objectives or plans will be achieved. Genesis Electronics Group, Inc. undertakes no obligation to revise or update these statements to reflect events or circumstances after the date hereof, except as may be required by applicable law or regulation.
CONTACT: Investor Relations Thomas Makmann CEO (603) 425-8933
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