Genesis Elect Stock Price, News & Analysis

Genesis Electronics Group, Inc. (GEGI) has appointed Jack Hedge as a Strategic Advisor, leveraging his expertise in the transportation sector to enhance the company’s business strategies. This announcement follows GEGI's acquisition of Glīd, LLC, an innovative autonomous trucking company. Hedge's extensive experience includes roles at the Utah Inland Port Authority and the Port of Los Angeles. GEGI's acquisition involves convertible notes and preferred stock, ensuring no immediate shareholder dilution. The company aims to reshape the supply chain with Glīd's advanced technology.

Genesis Electronics Group has acquired Glīd, LLC for $4,000,000, utilizing a mix of convertible preferred stock and convertible notes. This merger aims to introduce innovative autonomous road to rail shipping technology to address challenges within the trucking and railroad industries, valued at approximately $732 billion and $295 billion respectively. Glīd's patent-pending vehicles can autonomously transport semi-trailers on railroads, enhancing efficiency and safety. The prototype is expected to operationalize within 4-6 months, with promising discussions already held with major railroad operators.

Genesis Electronics Group has appointed Kasey Evans as a strategic advisor to the Board, aiming to enhance its business execution. This move comes as part of GEGI's strategy to assemble a team of experts in the autonomous industry. Evans brings a wealth of experience from leading companies such as XOS Trucks and PACCAR, focusing on driving rapid growth and innovation. The company also launched a new website and established a formal Twitter account to improve shareholder communication. GEGI is now 'Pink Current' on OTC Markets after a change of control.

Genesis Electronics Group has appointed Kevin Damoa as a strategic advisor to its board, aiming to leverage his extensive industry experience to enhance its business plan. Damoa has held key roles at notable companies like SpaceX and Northrop Grumman, contributing skills in operations management, logistics, and team building. CEO Braden Jones emphasized the advantage of Damoa's connections for future acquisitions and technology licensing. Additionally, the company is working on updating its OTC Markets disclosures and has launched a new website and Twitter account for better shareholder communication.

Genesis Electronics Group (GEGI) announced a new business plan focusing on acquisitions and licensing agreements with autonomous technology companies. The initiative aims to identify opportunities in various sectors, including transportation, security, flight, and artificial intelligence. CEO Braden Jones emphasized the importance of this focus for driving shareholder value. The company has also set up an interim website to keep shareholders informed as the plan unfolds. Furthermore, GEGI has filed necessary documents to complete a change of control process.