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I think we have been SCAMED again !!! Nothing makes sense !
Kevin Damoa just reposted to his LinkedIn acct.
“Accelerating the switch to sustainable road freight involves implementing new ways of thinking and doing transport. To achieve meaningful business results and ambitious climate targets means that the transition can’t happen on the back of companies with goods to move -- as The Economist pointed out. Freight capacity as a service alleviates them from bearing the high upfront costs of going electric, leaving them with exactly what they need: making sure their goods go where they need to, when they need them. With transformation partners like Einride, we can considerably shorten the road ahead.” Robert Falck CEO of Einride.
The Glid-related business was divested by the Company which cancelled $2 million in debt and all outstanding Series C Preferred Stock cancellation,
the additional $575,000 in debt-to-equity conversions and Series D Preferred Stock purchases by members of new management.
About Genesis Electronics Group, Inc.
With the recent change in control and acquisition of 235 Travel Stop, the Company has shifted its business focus towards becoming a leading energy company, with a particular focus on becoming a leading renewable energy technology company. Business opportunities adjacent to its core business, including within the transportation and logistics industry, represent an important part of the Companys future. The Companys new direction will serve managements vision of building a generational company based on its people.
GEGI Announces Control Change, Business Acquisition, Divestiture, Debt Cancellations and New Management, Affirms More Diverse Business Strategies
Kevin Damoa resigned as the Sole Director and Officer
Travis T. Taylor has acquired voting control of the Company. In conjunction with this change in control, the Company acquired 235 Travel Stop, Inc., d/b/a Fifth Wheel Truck Stop. (Fifth Wheel), a Fresno, California, retail truck stop with annual revenues in excess of $11 million, divested itself of its Glid-related assets, which cancelled $2 million in debt and all shares of Series C Preferred Stock, completed an additional $575,000 in debt-to-equity conversions, and installed new management.
235 Travel Stop, Inc. d/b/a Fifth Wheel Truck Stop
3767 S Golden State Blvd, Fresno, California 93725
Phone: 559-485-0701
Travis T. Taylor CEO and Chairman of the Board
Steven Zabarsky Senior Vice President of Acquisitions
Eric Newlan Vice President, General Counsel and Board Member
For news and updates, shareholders, prospective investors, and prospective business partners are encouraged to follow the Company on X: @GenesisElectro4
https://twitter.com/genesiselectro4
Travis T. Taylor, stated, Our team is extremely excited to embark on the journey ahead. The acquisition of the Fifth Wheel asset is the first of many anticipated acquisitions of similar assets across the country, which effort will be spearheaded initially by our Senior Vice President of Acquisitions, Steven Zabarsky. We believe these efforts will open up opportunities for us to add wholesale and retail assets in the renewable energy and emerging renewable technology markets. Mr. Taylor continued, From my experience in the finance industry, I believe that we have an ability to bring other cash-flow positive businesses within multiple target industry segments into the company, to grow our business organically and to achieve cash flow to the bottom line with every deal. We have a 2026 target of $100 million in company revenues, and we are committed to getting there and growing into our cap structure.
Prior management determined it to be in the best interests of the Companys shareholders to bring a more broad-based, yet dynamic, business opportunity into the Company, along with a new highly-focused management group.Salt Lake City, UT 84101
26 S Rio Grande St #2072,
Salt Lake City, UT 84101
| PUBLISH DATE | TITLE | PERIOD END DATE | STATUS |
|---|---|---|---|
| 11/20/2023 | Quarterly Report - GEGI 9-30-23 Quarterly Report | 09/30/2023 | A |
| 11/14/2023 | Notification of Late Filing - Notification of Late Filing for period ending 9/30/23 | 09/30/2023 | A |
| 10/13/2023 | Quarterly Report - Amended-3 June 30, 2023 Quarterly Report | 06/30/2023 | A |
| 10/12/2023 | Quarterly Report - Amended 6/30/23 Quarterly Report | 06/30/2023 | A |
| 10/06/2023 | Quarterly Report - Amended 6/30/2023 Quarterly Report | 09/30/2023 | A |
| 09/28/2023 | Quarterly Report - GEGI Quarterly Report for June 30, 2023 | 06/30/2023 | A |
| 05/30/2023 | Quarterly Report - Amended 3/31/23 Quarterly Report | 03/31/2023 | A |
| 05/16/2023 | Quarterly Report - March 31, 2023 Quarterly Report | 03/31/2023 | A |
| 05/15/2023 | Notification of Late Filing - Notice of Late Filing for March 31, 2023 Report | 03/31/2023 | A |
| 04/28/2023 | Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information | 12/31/2022 | A |
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