Gaensel
Energy Group, Inc. (GEGR) Provides Corporate Update
on Development of the
Commodities Sector with the Consolidation of
Current Passolongo
Agricoltura Biologica
Production of
Organic and
Vegan
Agriculture Products and
FLOWERS TRADE and FLOWERS LAB with the
Production and
Distribution of
Medical CBD,
Medical HEMP and
Derivative
Medical
Products
Salt Lake City, Utah, FL
-- April 14, 2021 -- InvestorsHub NewsWire -- Gaensel Energy
Group, Inc., (OTC
PINK: GEGR), ("GEGR" or the "Company"), a diversified holding
company with investments in Biotech,
Commodities, Apparel-Fashion, Green and Renewable Energy and
Technology, in conjunction with its recent agreements with ISCOM
SPA in Italy is pleased to provide an update on the development of
its Flowers Trade, Flowers Lab and Passolongo Agricoltura Biologica
entities.
The Company confirm that
at the present time his Executive Manager and the Legal Team are
jointly working in Italy with the founder-seller-partner's
management to update the agreement according to the increased
development of its agriculture activities and the financial
structuring of the related subsidiaries, e.g.
Flowers.
FLOWERS TRADE is an
Italian entity which is engaged in the distribution and
commercialization of the food and beverage products developed by
its sister company, Flowers Lab. Flowers Lab is engaged in the
research, development and cultivation of bio agriculture which
includes exclusive distributorship of organic and vegan selected
fruits made by Passolongo Agricoltura Biologica. The Passolongo
structure is also equipped with a very sophisticated frozen plant
system. The production plan located in Verona, Italy is equipped
with very sophisticated frozen plant system to produce an organic
vegan ice cream and accessories fruit products. There
products have and continue to be distributed to the more important
bio stores in Italy. The structure of these entities with the real
estate, plants and production facilities were created and has been
successfully managed by the founder family with consolidated
investments of over $24,000,000 USD.
All products of FLOWERS
LAB are organic, tested and seriously selected to offer the best
quality of the hemp medical market. This natural medical plant has
no contraindications or dangerous side effects. The certified
quality of therapeutic hemp is free of psychoactive
effects.
Passolongo Agricoltura
Biologica
Passolongo Agricoltura Biologica
(RETAIL)
FLOWERS LAB medical
products made from organic hemp are completely safe, they do not
bring any kind of addiction or health consequences, Cruelty Free
and Nickel Tested.
https://www.flowerstradeitaly.com
In the beginning of April
2021, GEGR and IsCom SPA have joined together and are consolidating
the Organic and Vegan products under distribution with their
subsidiary, Flowers Trade. Flowers Trade will be expanding both the
organic and vegan products and the rapid expansion of its Medical
CBD and Medical HEMP distribution which includes all derivative
products.
In 2020, Flowers Trade
achieved a gross revenue of more than $11,000,000. The Company is
on target for Fiscal year 2021 with revenues in excess of
$17,000,000. GEGR and IsCom have agreed to facilitate at least
$5,000,000 in additional capital in the Flowers projects for their
operation in Europe and gradually expand to the US and Canada
markets.
This week the GEGR
directors are meeting in Italy and are working with our partners to
finalize the 1st Quarter of 2021 financials and refine our 2021
business mission and objectives with each group's activities. The
financials will consist of the consolidation of the 15 entities
which were completed prior to the March 31st 2021 Quarterly Period
and we anticipate these to be complete before May 15,
2021.
ABOUT GAENSEL
ENERGY GROUP, INC. (OTC
Pink: GEGR)
Gaensel Energy Group asset
base currently consists of proven companies in Biotech,
Commodities, Apparel – Fashion, Green and Renewable
Energy, and Technology. The management teams for each of these
divisions are actively seeking similar partners in each space for
expansion and additional acquisitions. We have been listed on
the United States OTC Markets since 2002 and the Company is
current.
Gaensel Energy Group,
Inc.
57 West 200 South
Suite 300
Salt Lake City, UT 84101
Twitter: @gegrgroup
Phone: +1
518-567-3649
https://www.gegrgroup.com
admin@gegrgroup.com
FORWARD-LOOKING
STATEMENTS
This press release
includes "forward-looking statements" within the meaning of U.S.
federal securities laws. Words such as "expect," "estimate,"
"project," "budget," "forecast," "anticipate," "intend," "plan,"
"may," "will," "could," "should," "believes," "predicts,"
"potential," "continue" and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements involve significant risks and uncertainties that could
cause the actual results to differ materially from the expected
results and, consequently, you should not rely on these
forward-looking statements as predictions of future events. These
forward-looking statements and factors that may cause such
differences include, without limitation inability to enter into a
definitive agreement with respect to the proposed transaction or to
complete the transactions contemplated by the non-binding term
sheet, matters discovered by the parties as they complete their
respective due diligence investigation of the other. Other factors
include the possibility that the proposed transaction does not
close, including due to the failure to receive required security
holder approvals, or the failure of other closing conditions. The
foregoing list of factors is not exclusive. Readers are cautioned
not to place undue reliance upon any forward-looking statements,
which speak only as of the date
made.
