TURBO, Colombia, Sept. 12, 2017 (GLOBE NEWSWIRE) — Genesis Electronics Group Inc. (OTC Pink:GEGI) announces it has completed its financials through second quarter of 2017, posted all requirement legal disclosures and has returned to Pink Sheet Current. Kate Bahnsen, CFO, states, “We have worked tirelessly to clean up this company and with what Mr. Juan David Perez Schile is endeavoring to do with these claims, it was necessary to take every precaution possible. Our goal is to run green mining projects with a positive cash flow and grow Sacha Inchi with the community.” The company has a lease relationship with Hdec Inc., which has several smaller claims. Juan David Perez Schile, CEO, comments, “This is a monumental day for the company. Being current allows me to properly structure all the mining activities inside a public company. Most importantly, we can start executing our mining business plan called a PTO (Plan de Trabajo). This mining business plan has the same structure of a Canadian 43-101. Once in production and the appropriate geological work is put together on the PTO we will be able to establish both proven and probable reserves. That will enable us to work with accountants and/or auditors to establish how much we will carry on the balance sheet.”
About Cacique Mining
The Guayuco project is a gallery project. Cacique Mining Inc. and Green Mine Solutions has entered into an agreement with Inca Worldwide (OTC Pink:QEDN) to grow Sacha Inchi on the land above the mine.
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Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about our announced plan to reduce the size of our financial services businesses, including expected cash and non-cash charges associated with this plan and earnings per share of QED retained businesses (Verticals); expected income; earnings per share; revenues; organic growth; growth and productivity associated with our Digital business; margins; cost structure; restructuring charges; acquisition-related synergies; cash flows; returns on capital and investment; capital expenditures, capital allocation or capital structure; and dividends.
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