Gaensel Energy Group, Inc., GEGR, Completes Agreement to Acquire Forty (40%) of MONFERR SRL

Salt Lake City, Utah--(Newsfile Corp. - September 14, 2021) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company with assets in Biotech, Cryptocurrency, Software/Gaming and VR, Health, Beauty and Fashion, Technology, High Tech Music and Audio Systems, CRM & Data, Commodities, Retail Coffee, as well as General Contracting and Patented Building supplies, is pleased to announce its has reached an agreement to acquire forty percent of the shareholding of MonFerr SRL, https://www.carpenteriamonferr.com/.

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Monferr s.r.l. has over thirty years of experience in the naval and civil carpentry sector. The head office is located in Monfalcone, in the Lisert area, a few steps from the motorway exit and the port, where it has a total area of 12,500 square meters. With an adjoining warehouse of 2,200 square meters, used for manufacturing.

In addition, the company has an equipped area of 50,000 square meters inside the second production area of Muggia (TS), located at Cantiere San Rocco, with an annexed covered area of 5,000 square meters, a quay of 150 meters with a backdrop of 9 mt and direct launch to the sea. Thanks to this site, created in 2016, the company has been able to improve its activities in both quantity and quality.

Monferr s.r.l. has a direct workforce of 75 specialized professionals including expert metal workers in drawing reading and certified welders. Also, thanks to a partnership agreement, the supply of highly specialized labor, now consolidated for over 10 years, with the company ZM METAL having a permanent headquarters in Italy, it has the possibility of covering production needs for a required workforce upwards of 200 units.

The company is able to carry out all types of processing, such as the construction of the side doors including the hydraulic system, the supply of luggage elevators with the related electrical and hydraulic systems, the construction of tunnels for thrusters with foam and any insufflation plants, the fittings of the same with the straps, mobile ramps, fusers, hatch supports, stabilizer boxes, light alloy shafts, containment tanks, reactors and smoke ducts for denitrification plant, cubia in stainless steel, smokestack, in addition to an express technical and professional evidence in the construction of bridges and maritime piers.

The company reorganization, which began in 2013 with a new management team, positioning it to be competitive even in the uncertain economic climate, favorably enacting actions, that have helped to consolidate the relationships with historical customers as FINCANTIERI SPA, http://www.fincantieri.com/it, ZEN YACHT GROUP, BLUETECH SRO3, www.bluetech.cz/, including several of its national subsidiaries as well as and starting up new business relationships such as Navalimpianti, http://www.navim.com/, A2A, http://www.a2a.eu/it/gruppo/termoelettrici/centrale‐monfalcone, Centrale of Monfalcone, Interaction International, http://www.interactionintlltd.com/, (Onassis's Group), NPCC Libya, http://www.npcc.ly/, Saipem, http://www.saipem.com/it, Proger, http://www.proger.it/, and Bonatti, http://www.bonattinternational.com.

A separate business segment of MONFERR is dedicated to the sector of naval and civil demolition. The joint venture in place with the primary partner of the sector has led the company to take a prominent place on the international scene. The company structure created to support the demolition sector, with its expansive know-how and track record, is fully equipped with all the technical equipment necessary, as well as highly qualified personnel in order to satisfy the needs of the most demanding customers. and professional criteria.

Mr Peter Koley, who recently joined the Company as Director, with the Law Offices of Dario Schettini, http://www.schettini.it/, was instrumental in this transaction. Mr. Koley stated "The Gaensel Group business model for acquisitions provides an excellent platform, as demonstrated in the acquisition of the Monferr Group transaction, for its ability to continue to make solid acquisitions of well-established business entities with existing revenue for its continued development of an international multifaceted holding company." In spite of the global pandemic, the Monferr Group's revenues for 2021 will be approximately Twelve Million USD, ($12,000,000).

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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