Gaensel Energy Group, Inc. (GEGR) Announces Agreement to Sell Assets for Twelve Million USD

Salt Lake City, Utah--(Newsfile Corp. - October 31, 2022) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company, announces a corporate update.

On October 27, 2022, Gaensel Energy Group, Inc. signed the final agreement with Art & Luxury SARL, a Luxembourg based Investment firm, https://artluxury.eu/, whereas Gaensel Energy sold its interest in: Filiman SRL; Flowers Trade SRL; Flowers Lab SRL; Forum SRL; Itacar SRL; Italpose SRL; Suite 110 SRL; Zuc Energy SRL and Bioenzyme SRL to Art & Luxury SARL for Twelve Million USD ($12,000,000).

Attorney Antonio Franchino, President of Art & Luxury states, "the purchase of these assets is the first of the potential many transactions with Gaensel Energy. Our fund foresees the relationship with Gaensel Energy for the development of mutual business investments in Europe and in North America."

Gaensel Energy liquidation of its interest in these assets will reduce management and accounting expenses and consolidate its focus on Green and Renewable Energy investments. The company with this sell of assets will now have the opportunity to found and consolidate the medical and green energy investments and growing activities and, at the same time, to reduce the management expenses.

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.

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.

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