SOURCE: Genesis Electronics Group, Inc.

October 07, 2010 09:35 ET

Genesis Electronics Explores Development of Solar Re-Chargeable Batteries

HOLLYWOOD, FL--(Marketwire - October 7, 2010) -  Genesis Electronics Group, Inc. (OTCBB: GEGI),, announced that it has initiated steps for the development of solar rechargeable batteries in commonly used standard sizes such as AA, AAA, C, D, 9V, as well as other specialized sizes that have the potential for use by the military and scientific devices.

Edward Dillon, President and CEO, emphasized that "These batteries, unlike other re-chargeable batteries in the market, will not be dependent on a charging unit that you need to plug in, nor a separate solar-powered charger. The batteries themselves would be re-chargeable when exposed to the sun. Instead of throwing away "dead" batteries, from a flashlight or other device, you will be able to put these on the windowsill or on the porch and they will re-charge. This represents a completely unique product -- there's nothing else like it".

Raymond F. Purdon, Chairman, added: "The potential for stand-alone solar re-chargeable batteries is staggering. In addition to being a "green" solution, a convenience and a money-saver for the average consumer in developed countries, these batteries would be even more important to consumers in under-developed nations that don't have a reliable power grids and where battery-power for lighting and other everyday applications plays a more critical role."

Genesis Electronics has already developed and is producing a solar-powered charger for the iPhone called the SunBlazer( which it expects to bring to market shortly. 

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; new systems introduction; vendors pricing; supply of components and software, and other factors detailed from time to time in our filings with the U.S. Securities and Exchange Commission. 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, except as may be required by applicable law or regulation.

Contact Information

    Investor Relations
    Ed Dillon
    (954) 272-1200