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  • Kate Bahnsen

Genesis Electronics Group Inc. (OTC Pink: GEGI) CEO Provides Corporate Update

Turbo, Antioquia, Colombia December 4, 2017

Genesis Electronics Group Inc. (OTC Pink: GEGI) CEO Provides Corporate Update

Genesis Electronics Group Inc. (OTC Pink: GEGI) CEO, Juan David Perez Schile provided a corporate update of the business scheduling for the Cacique mining operations. Mr. Schile comments, “The operation at the Sesgalete vein is progressing according to plan. The scheduled first ore coming out of the ore shoot (four to six weeks) will assure us of the high grade, rounding up at 15 gm/ton. After we establish protocol (sign lease authorization) with the landowner at the western part of the mine area, another horizontal tunnel will be developed. All expenses have been kept well under control, and after production reaches 20 gm/ton/day, the earnings margin after taxes should maintain at around 40%. My team and I are extremely optimistic about the activity so far, and with the second tunnel, we should actually reach 20 tons in a shorter time than originally 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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