Italy's Agenzia Entrate Approves Gaensel Energy Group with over $200,000,000 USD in Contracted Revenues In the Fourth Quarter 2020 for Recently Acquired General Contractor Petit Chateau

Salt Lake City, Utah--(Newsfile Corp. - November 17, 2020) - Gaensel Energy, Inc., (OTC Pink: GEGR) ("the Company", "GEGR"), a diversified Holding Company, announces today that its recent acquisition of Petit Chateau S.R.L has secured $200,000,000.00 in contracted revenues for Q4, and has appointed Italy-based finance professional, economist & economic and tributary professor Claudio Pezzella as CEO & President with our founders Helmut Gaensel and Jan Branzovsky staying on board as Directors to the Company along with Messrs. Giuseppe Grippaldi and Petit Chateau President and founder Michael Labianca. The Secretary of State changes and annual report has been filed in Nevada today to reflect updates in executive management.

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Petit Chateau Logo

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CEO Claudio Pezzella states, "We recently announced the approval of $1.2 Billion USD in contracts and financial commitments from the Italian Agenzia delle Entrate (equivalent of the U.S. IRS), which will provide over Two Hundred Million Dollars USD in revenues to GEGR for the period ending December 31, 2020."

"The Company has qualified for these legislative grants based on our overall proficiency, organization and environmentally friendly building materials, among other criteria. Today we are pleased to confirm that our accountants have finalized paperwork to secure $215,557,000 USD in contracted revenues in Q4 for Gaensel and has been approved under Italy's Ministry of Economy and Finance."

Petit Chateau is staffed by Italy's top engineers and technicians and is developer of industry game-changer POLYFIX® PANEL, a patented energy-saving, environmentally friendly solution for the building materials/supplies industry. The POLYFIX® PANEL is earthquake/seismic resistant and features high thermal and sound insulation. POLYFIX® allows for efficient, machine-free installation and are made of 100% recyclable materials and can take an annual electricity bill from € 2000 (euros) down to ~ € 500 (euros) per year.

Pezzella adds, "The Company's accountants will be utilizing the same protocol to present the remaining filings for the balance of approximately Seven Hundred Sixty-Four Million USD ($764,000,000) on or before the end of January 2021."

"This financing gives GEGR and Petit Chateau the leverage and momentum conducive to expanding contracted revenues to more than $3 Billion USD before the end of 2021 as the company creates jobs and revenue for the construction/building materials, real estate, and green energy industries."

The financing of the Government grant is also based on the renovations of residential and commercial structures with sustainable materials and green energy technologies. The innovative patented POLYFIX® PANEL is been approved for this purpose. In addition the Panel is giving the opportunity to save time and money to build or complete the internal or external structures with at list 30% in real economic saving. www.petitchateau.it

INDUSTRY SNAPSHOT:

Global green building materials market outlook 2018-2024

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This statistic displays the value of the global green building materials market in 2018 with a projection for 2024. By 2024, it is projected that the market will reach 433 billion U.S. dollars. Currently market demand is dominated by public facilities, and the education, commercial, and industrial sectors

About Petit Chateau: PETIT CHATEAU (https://petit-chateau.it), is a General Contractor in the Building Materials and Supply Industry managed by Doctor Michele La Bianca, in 2013 began to study with its Italian engineers and technicians a new innovative construction product and patented system called POLYFIX ® PANEL, in order to develop a project that combines high skills acquired in the construction field using a cheaper product, with high thermal insulation that allows energy saving and thermal insulation in summer and winter, with sound insulation, fast installation resistant to earthquakes and respectful of the environment.

Forward-Looking Statement
This press release includes "forward-looking statements" within the meaning of U.S. federal securities laws. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation inability to enter into a definitive agreement with respect to the proposed transaction or to complete the transactions contemplated by the non-binding term sheet, matters discovered by the parties as they complete their respective due diligence investigation of the other. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.

Contact Information: admin@gegrgroup.com
Gaensel Energy Group Website http://www.gegrgroup.com
Gaensel on Twitter: https://twitter.com/gegrgroup

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