SOURCE: Genesis Electronics Group, Inc.

December 15, 2009 09:00 ET

Genesis Electronics Group Announces New Trading Symbol

New Symbol Echoes Focus of Corporate Efforts

HOLLYWOOD, FL--(Marketwire - December 15, 2009) - Genesis Electronics Group, Inc. (OTCBB: GEGI),, announced that it has received approval from FINRA (Financial Industry Regulatory Authority) OTC Corporate Data Operations for a change of stock trading symbol. The new symbol, GEGI, replaces the former PRCC and is effective immediately. The change in symbol follows the corporate name change earlier this year from and more accurately reflects Genesis' expansion of business pursuits in the development of solar powered products and technology.

Ed Dillon, President & CEO of Genesis Electronics Group, Inc., said, "This change in our trading symbol means much more than just a group of new letters. The new symbol demonstrates our focus of efforts and resources to solar technology, and coincides with the acceleration of our consumer solar products development, our recent accomplishments in that area, and related strategic activities."

Earlier this month, Genesis Electronics Group strengthened its competitive positioning by acquiring limited exclusive world-wide rights to two important patents from Johns Hopkins University Applied Physics Laboratory,, for a self-contained, modular integrated power source that utilizes solar energy to produce electric current. Genesis also owns a U.S. patent for a solar-powered rechargeable battery module that can be used to significantly increase the reliability of hand-held and portable electronic devices. In August, the company enhanced its internal engineering capabilities with the addition of Charles Zullo, Director of Corporate Engineering & Design, and Cliff Arnel, Director of Technology Development -- two highly qualified and well-credentialed experts in electronics engineering.

Currently, Genesis Electronics, a division of Genesis Electronics Group, is completing development of a solar-powered charger for popular "smart" phones under the name SunBlazer™ and anticipates a market debut in the 1st quarter of 2010. More information about the SunBlazer™ is available at

Raymond Purdon, Chairman of Genesis Electronics Group's Board of Directors, added, "Our new trading symbol serves in part to substantiate that the company is on-track and dedicated to bringing our solar-powered technology to the consumer market."

Forward Looking Statements

Except for historical matters, matters discussed in this release are forward-looking and are made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. Investors are cautioned that these statements reflect numerous assumptions and involve risks and uncertainties that may affect Genesis Electronics Group, Inc., its business and prospects, and cause actual results to differ materially from these statements. Among these factors are Genesis Electronics Group, Inc.'s operations; competition; entry barriers; relationship reliance; technological changes; product demand; new systems introduction; vendors pricing; supply of software.

In light of risks and uncertainties in these forward-looking statements, they should not be regarded as a representation by Genesis Electronics Group, Inc. or any other person that the projected results, objectives or plans will be achieved. Genesis Electronics Group, Inc. undertakes no obligation to revise or update these statements to reflect events or circumstances after the date hereof.

Contact Information

    Investor Relations
    Ed Dillon
    Genesis Electronics Group, Inc.
    (954) 272-1200