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Genesis Electronics to Open Online Store for Smartphone Chargers and Accessories(Market Wire Via Acquire Media NewsEdge) HOLLYWOOD, FL -- (MARKET WIRE) -- 11/19/10 -- Genesis Electronics Group, Inc. (OTCBB: GEGI), www.genesiselectronicsgroup.com, announced that it will launch an online store for selling smartphone chargers and accessories. The store will open on or before Nov. 26th, "Black Friday," to meet the demand for technology-oriented gift shopping this holiday season. The online store will be accessible at www.genesiselectronicsgroup.com and www.genesiselectronics.net, and will initially carry a well-designed solar-powered charger for the iPhone. 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 connection to a computer via its integrated USB port. Edward Dillon, President and CEO, commented, "Our new online store will debut with an exciting solar powered charger for iPhone, and then will be expanded to offer several other solar chargers for the iPhone, other smartphones, as well as an array of desirable and well-priced smart phone accessories. There is an enormous demand for these products and it is the aim of Genesis Electronics to meet that demand." Raymond F. Purdon, Chairman, added, "The market for solar-powered chargers and other smartphone accessories represents a very rapidly expanding market segment. We're very excited about the launch of our new online store to service this market and are confident that this will be a strong compliment to our business, as well as a benefit to our shareholders." 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. CONTACTS: Investor Relations Ed Dillon CEO (954) 272-1200 Source: Genesis Electronics Group, Inc. |