SOURCE: Genesis Electronics Group, Inc.

January 25, 2011 09:00 ET

Genesis Electronics' Online Store and Initial Product Launch Well-Received

HOLLYWOOD, FL--(Marketwire - January 25, 2011) - Genesis Electronics Group, Inc. (OTCBB: GEGI), www.genesiselectronicsgroup.com, announced that its new online store for selling smart phone chargers and accessories was successful and very well received by consumers. 

The online store, accessible at www.genesiselectronicsgroup.com, features the G-1500™ Solar Charger -- a well-designed solar-powered charger for the iPhone 4. The unit is made out of silicon, wraps entirely around the iPhone, and provides protection to the phone as well as reliable charging from a light source or by its integrated USB port.

Edward Dillon, President and CEO, said, "The launch of our online store and initial product, the G-1500™, was executed on time, functions without flaw and has met with positive reviews. We plan to expand the store to include additional chargers from Genesis Electronics, plus other exciting smart phone accessories. Smart phone owners, regardless of the brand-name, are always looking for items that make their user experience more convenient, more reliable and more protective." 

Raymond F. Purdon, Chairman, commented, "The Genesis Electronics store opening and introduction of our online sales is a very important milestone for the company. The G-1500™, a versatile and highly useful product in and of itself, is just the beginning. Our business will grow as the online store, our e-commerce component, is populated with more products and then will be further enhanced with brick-and-mortar partners."

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

  • CONTACTS:
    Investor Relations
    Ed Dillon
    CEO
    (954) 272-1200