Gaensel Energy Group, Inc. (GEGR) Announces Its Consorzio Green Solution & GNL Finalizing First Tranche of Acquisition of Tigullio Shipping Spa in Continuation of Its Marine LNG Green Energy Projects

Salt Lake City, Utah--(Newsfile Corp. - July 25, 2022) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company, is pleased to update and announce the finalization of the first tranche of the share capital of Tigullio Shipping spa, the company that owns and manages the western wing of the Chiavari Marina. (www.marinadichiavari.it).

The total final investment will be equal to € 10,000,000.00, a sum totally self-financed by the Green Solution & GNL Consortium.

G. Pierfrancesco Mussumeci, President of Consorzio stated, "At the end of the acquisition, the net assets of Tigullo Shipping spa will be approximately 15,000,000.00 with a 30-year Italian government concession. The acquisition of Tigullio Shipping spa will allow the Consortium to use the Port of Chiavari, a renowned Ligurian tourist resort very close to Portofino, both as a commercial base for its Cantieri Navali Estensi brand (www.cantieriestensi.it ), and as the first Italian tourist port equipped to refuel hybrid diesel and LNG boats."

In 2023, the Consortium will present its flagship "Cantieri Estensi", which is a 64 foot yacht, with a hybrid diesel and LNG engine at the Cannes International Fair. The project is already active and developed by Cantieri Estensi and Meccanica Yacht Services srl specialized in the refitting of marine engines and part of the Gaensel Energy Group of companies.

The development of LNG also guarantees a green turning point in the nautical industry without penalizing the performance and comfort of the boats.

Tigullio Shipping's five-year business plan expects to reach revenues of € 5,000,000 with an active margin of € 1,000,000 / year.

Thanks to the synergies with the Port of Chiavari and the innovative Green policy, as well as the expansion on the main European and American markets, Cantieri Navali Estensi, a brand controlled by the Consortium, anticipates it will be able to reach a turnover of 30,000,000 euros by 2025.

____________________________

About Gaensel Energy Group, Inc. (OTC Pink: GEGR):

Gaensel Energy Group, Inc. (OTC Pink: GEGR) is an international holding company with assets exceeding $55.6 Million. In 2021, the company grossed $77.9 Million in sales at a healthy 46.3% operating margin. Gaensel's

interests are diversified across several industries with double-digit projected annual growth rates over the next five years. Our asset base includes proven revenue producing companies in Biotech, Commodities, Health, Beauty - Fashion, Green Renewable Energy, Technology, and the Metaverse.

Gaensel Energy Group, Inc.
57 West 200 South
Suite 300
Salt Lake City, UT 84101
admin@gegrgroup.com
Phone: +1 518-567-3649
https://www.gegrgroup.com
https://twitter.com/gegrgroup

Forward-looking statements

This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Gaensel Energy Group, Inc., (GEGR), and certain of the plans and objectives of GEGR with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITA and future developments in our organic business. Forward-looking statements can be identified generally as those containing words such as "anticipates", "assumes", "believes", "estimates", "expects", "should", "will", "will likely result", "forecast", "outlook", "projects", "may" or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

These factors include, but are not limited to, domestic and global economic and business conditions, the successful implementation of our strategy and our ability to realize the benefits of this strategy, our ability to develop and market new products, changes in legislation, legal claims, changes in exchange and interest rates, changes in tax rates, pension costs and actuarial assumptions, raw materials and employee costs, our ability to identify and complete successful acquisitions and to integrate those acquisitions into our business, our ability to successfully exit certain businesses or restructure our operations, the rate of technological changes, political, economic and other developments in countries where GEGR operates, industry consolidation and competition. As a result, GEGR actual future results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131771

info