Latest news GEGI 11/07/2017 GLTA
November 7, 2017 11:39 AM
Genesis Electronics Group Inc. (OTC-Pink:"GEGI"
sister company of (OTC-Pink:"QEDN"
CEO Provides Corporate Update
TURBO, Antioquia, Colombia, Nov. 07, 2017 (GLOBE NEWSWIRE) -- Genesis Electronics Group Inc. (OTC-Pink:GEGI) (sister company of QED Connect also known as Inca Worldwide (OTC-Pink:QEDN)) CEO Juan David Perez Schile provides corporate update and scheduling of the mining business. Mr. Schile comments, “The operation at the Sesgalete vein is progressing according to plan. The first ore will come out of the ore shoot which will assure high grade rounding up at 15 gm/ton. After we establish protocol with the landowner, at the western part of the area another horizontal tunnel will be developed. All expenses have been kept well under control, and after production reaches 20 gm/ton/day the margins should maintain around 40% after tax. My team and I are extremely optimistic, and with the second tunnel, we should reach 20 tons in a shorter time than anticipated. We look forward to reaching our corporate goals, and we will continue to update shareholders as needed.”
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About Cacique Mining
The Gomez Plata project is a gallery project. Cacique Mining Inc. and Green Mine Solutions has entered into an agreement with Inca Worldwide to grow Sacha Inchi on the land above the mine.
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About Inca Worldwide
Our Inca Seeds (Roasted Sacha Inchi) a complete protein with all 9-essential amino-acids rich in Omega 3, 6 & 9 and an antioxidant. A real Super-food.
Caution Concerning Forward-Looking Statements:
Our public communications and SEC filings may contain "forward-looking statements" – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," or "target."
Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about our announced plan to reduce the size of our financial services businesses, including expected cash and non-cash charges associated with this plan and earnings per share of QED retained businesses (Verticals); expected income; earnings per share; revenues; organic growth; growth and productivity associated with our Digital business; margins; cost structure; restructuring charges; acquisition-related synergies; cash flows; returns on capital and investment; capital expenditures, capital allocation or capital structure; and dividends.
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