SOURCE: Genesis Electronics Group, Inc.

June 10, 2009 09:03 ET

Genesis Electronics Plans Global Network of Licensed Distributors for Solar Chargers for Cell Phones

HOLLYWOOD, FL--(Marketwire - June 10, 2009) - Genesis Electronics, Inc., a division of Genesis Electronics Group, Inc. (OTCBB: PRCC), announced that an international network of authorized, licensed distributors will be created to facilitate sales of the company's products. Genesis holds a U.S. patent for a unique solar-powered charging technology that can be used for vastly increasing the reliability of hand-held and portable electronic devices that frequently suffer from power loss due to limited traditional battery capability.

Genesis is completing development of a solar-powered charger for popular, multi-functioned cell phones under the name SunBlazer™ and expects to bring the product to market within the next several months.

"Today's cell phones are loaded with features that can rapidly drain the phone's battery, so Genesis' solar-powered solution is both practical and timely," said Ed Dillon, CEO. "All preliminary demand indicators clearly showed the need for licensing major distributors with existing penetration in the European, Middle Eastern, Asian and South American markets. We feel that our discussions with some of the largest cell phone manufacturers point to the need for this type of international distribution network. Our aim is to capture as much domestic and global market share as possible with our cell phone chargers, as well as other products and applications, in order to fully capitalize on our technology," Dillon continued.

Information about Genesis Electronics and the SunBlazer™ can be found at the company's website www.genesiselectronics.net.

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 software and components.

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

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