Gaensel Energy Group, Inc. (GEGR) Announces Investment in Media Group, Le Roy srl and New Energy Contract
Salt Lake City, Utah--(Newsfile Corp. - September 27, 2022) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company, announces a corporate update.
On August 5 GEGR acquired 50% of a group of Italian magazines owns by Le Roy srl. Group Editorial Le Roy was founded on 2003 by the editor and experienced journalist Dario Bordet.
This acquisition will provide additional media and advertising components for our Company and the Le Roy staff will operate from the headquarters of our GATE SRL in via Pasquale Sottocorno, Milano Italy.
GATE SRL in now printing 6,000 copies per month and is distributed in all the Italian airports. Gate, with the financial support of GEGR, if finalizing its contracts and mobile application to advertise and promote retail and marketing activities in the European airport markets and contract as the exclusive media agent for all the Italian airports.
Our Consortium Green Energy group, LB Energy, has completed a contract with Italian Cable Company (ICC SPA) to produce copper wire cable which will generate monthly revenues exceeding $1 Million USD.
About Gaensel Energy Group, Inc. (OTC Pink: GEGR):
Gaensel Energy Group asset base currently consists of proven companies in Biotech, Commodities, Health, Beauty - Fashion, Green and Renewable Energy, and Technology. The management teams for each of these divisions are actively seeking similar partners in each space for expansion and additional acquisitions. We have been listed on the United States OTC Markets since 2002 and the Company is current.
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.
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