Genesis Electronics Group, Inc. Obtains Confirmation from The Bureau of Land Management
RED BANK, NJ / ACCESSWIRE / July 14, 2015 / Management of Genesis Electronics Group, Inc. (OTC Pink: GEGI) announced today that they have received notice from the Bureau of the Land Management (BLM) that is has completed its financial requirements as per it sublease mining agreement for the 20 acre claim on the property known as "Mav5-E" (Located in the Osceola Mining District in Nevada, White Pine County).
The Bureau of Land Management (BLM) is an agency within the United States Department of the Interior that administers more than 247.3 million acres of public lands in the United States which constitutes one-eighth of the landmass of the country. President Harry S. Truman created the BLM in 1946 by combining two existing agencies; the General Land Office and the Grazing Service. The agency manages the federal government's nearly 700 million acres of subsurface mineral estate located beneath federal, state and private lands severed from their surface rights by the Homestead Act of 1862.
Mr. Raymond F. Purdon, President & CEO, commented, "The completion of this bond allows us commence activity on our lease. We have been preparing for this over the last few months and expect to be initiating mining operations shortly. This is a very exciting time for Genesis as we move into this phase of our corporate strategy. We have been working on our business plan for the last year and are pleased to be in position to begin to realize the benefits of our efforts."
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 and 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 ofGenesis 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
Email: info@gennesiselectronicsgroup.com
SOURCE: Genesis Electronics Group, Inc.
