Salt Lake City, Utah--(Newsfile Corp. - March 29, 2022) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company functioning as an acquisition incubator, purchasing companies and patents built by passionate visionaries who, "just need extra oxygen to move forward with their plans," announces a corporate update.
On March 24, 2021, the Amended Annual Report and the Attorney Letter for OTC Markets were filed for the Fiscal Year Ending on 31st December 2021. The Company was pleased to report Total Assets increased from $462,958 on 31st December 2020 to $56,142,553 on 31st December 2021, a change of 12,127% in one year; Our Consolidated Gross Revenue increased from $0 on 31st December 2020 to $77,940,892 on 31st December 2021. Additionally, on March 16, 2022, Global Development Advisors Limited, Mr. Fabrizio Bosticco, returned 75,000,000 shares of common stock to Treasury which reduced the outstanding shares from 324,094,757 on 31st December 2021 to 249,094,757 outstanding shares on 16 March 2022, a 23% reduction in outstanding shares.
On 23 March 2022, the Company participated with its joint partner Periso, SA and the technical team of the Protonstar energy storage system at an event held Lugano, Switzerland. The event was attended by various groups from the shipping industry, multiple incubator facilities, hedge fund and family office investors to preview the technology for both the Protonstar energy storage system and upcoming alternative energy product releases. We will be providing updates during the next three months of these two important product developments which will meet global energy demands in the future.
Lastly, the Company will be launching a revised Private Placement Memorandum for 20,000,000 USD over the next 30 days.
About Gaensel Energy Group, Inc. (OTC Pink: GEGR):
Gaensel Energy Group asset base currently consists of proven companies in Biotech, Commodities, Health, Beauty - Fashion, Green and Renewable Energy, and Technology. The management teams for each of these divisions are actively seeking similar partners in each space for expansion and additional acquisitions. We have been listed on the United States OTC Markets since 2002 and the Company is current.
Gaensel Energy Group, Inc.
57 West 200 South
Suite 300
Salt Lake City, UT 84101
admin@gegrgroup.com
Phone: +1 518-567-3649
https://www.gegrgroup.com
https://twitter.com/gegrgroup
Forward-looking statements
This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Gaensel Energy Group, Inc., (GEGR), and certain of the plans and objectives of GEGR with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITA and future developments in our organic business. Forward-looking statements can be identified generally as those containing words such as "anticipates", "assumes", "believes", "estimates", "expects", "should", "will", "will likely result", "forecast", "outlook", "projects", "may" or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
These factors include, but are not limited to, domestic and global economic and business conditions, the successful implementation of our strategy and our ability to realize the benefits of this strategy, our ability to develop and market new products, changes in legislation, legal claims, changes in exchange and interest rates, changes in tax rates, pension costs and actuarial assumptions, raw materials and employee costs, our ability to identify and complete successful acquisitions and to integrate those acquisitions into our business, our ability to successfully exit certain businesses or restructure our operations, the rate of technological changes, political, economic and other developments in countries where GEGR operates, industry consolidation and competition. As a result, GEGR actual future results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.
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