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Genesis​ ​Electronics​ ​Group​ ​Inc.(GEGI),​ ​Announces​ ​Cash​ ​Flow​ ​Strategy

September 20, 2017

Turbo Antioquia September 20, 2017

 

Genesis Electronics Group Inc. (OTC-Pink: GEGI), announces plan to create cash flow and become profitable.  Juan David Perez Schile, CEO, states, “Most mining companies focus on exploration, we are not.  We are focusing on existing mining projects, whether wholly owned or through lease agreements that we can improve upon.  As we move into production and improve the mining process we should be able to operate at high margins.  As a rule of thumb our production costs should be approximately $700 per ounce.  Based on our model we expect to maintain that margin. “

Kate Bahnsen CFO states: “Our Green Mine approach is to:

  1. Concentrate on cash flow within the first year instead of trying to put big resources on the balance sheet like all the other mines that takes years.

  2. Find mining properties that have already good geological and historical work done that just need a PTO (mining business plan) and environmental compliance with the government to start production in less than 1 year.

  3. Create jobs in the community growing Sacha Inchi

  4. Reduce environmental impact by not using mercury and growing Sacha Inchi

This model will make us the most advanced, modern and profitable mining company in Colombia and a model for the rest of the mining companies worldwide.”

 

Contact information: info@caciquemining.com

About Cacique Mining

The Guayuco 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.

www.caciquemining.co

 

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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