General Enterprise Ventures, Inc. Issues Shareholder Update

Rhea-AI Summary

General Enterprise Ventures, Inc. (OTC PINK:GEVI) announced significant updates following its acquisition of Mighty Fire Breaker (MFB). The company is undergoing a name change and seeks FINRA approval. MFB focuses on innovative fire safety solutions, developing Citro-Tech fire inhibitors aimed at reducing firefighting water usage amidst climate challenges. MFB plans to launch products with major retailers and has demonstrated efficacy in fire suppression. Certifications are expected within 12 months, potentially establishing GEVI as a leader in fire safety technology.

Positive

• Acquisition of Mighty Fire Breaker enhances product offerings in fire safety.
• Development of Citro-Tech fire inhibitors aims to improve environmental safety and efficiency.
• Plans to launch products with a big box retailer in Q4 2022 expand market reach.
• Expectations of obtaining important certifications within 12 months could elevate product trust and marketability.

Negative

• None.

CHEYENNE, WY / ACCESSWIRE / September 21, 2022 / General Enterprise Ventures, Inc., (OTC PINK:GEVI), provides a long-awaited update regarding recent corporate activities post Mighty Fire Breaker Acquisition.

The Company is in the process of a name change, from General Environmental Management to General Enterprise Ventures, Inc., which is currently under review and awaiting FINRA's approval; at this time, the EDGAR filing system and the SEC already recognize the General Enterprise Venture's name. ‘GEVI' is a fully reporting SEC compliant company with on-going audited financials.

General Enterprise is laser focused on its Mighty Fire Breaker (MFB) Subsidiary. Great strides have been made since the acquisition. The Company is excited about the proprietary Patents and Intellectual Property centering around the family of Citro-Tech proactive safer science fire inhibitors. (MFB) has sought out new levels of government and private lab certifications that will prove the products are safer for humans, animals, the environment and highly effective, in comparison to other competitors in the same industry. One of (MFB)'s goal has always been to create an early fire elimination program to fight fire using much less water to defend the future of our drinking water from toxins. With climate change causing drought conditions, the (MFB) Technical Team focuses on value engineering that uses less water fighting all wildfire.

‘GEVI' believes that when the certified results are delivered from the labs with passing approvals, the (MFB) portfolio of fire inhibitor products will become the new gold standard in early fire elimination chemistry for both Class A and Class B fires**. (MFB) expects to be able to update the status and significance of these certifications within the next 12 months or less.

**(Class A means solid, combustible materials such as wood. Class B means flammable materials such as gasoline or grease).

As of Q2 - 2022, Mighty Fire Breaker has introduced several of its products into the market, some of which include:

• Proactive Wildfire Defense Systems
• Fire Safe Storage Sheds
• Fire Inhibiting Wood Treatments

Since (MFB) opened the Wildfire Depot, it has proven, in the presence of guests including California fire officials and media, that its chemistries are able to cost-effectively shut down fires quickly. This link is to a July 22, 2022 newspaper article.

https://www.pressdemocrat.com/article/news/new-fire-prevention-product-application-technology-sparks-intrigue/

The MFB Technical Team's strives to create the cleanest, safest, most environmentally friendly fire chemistries the world has ever known. Furthermore, these chemistries can be used proactively to reduce the risk of loss by protecting homes and other structures from being consumed by wildfire. In this regard, (MFB)'s educational and testing center in Sonoma County, CA, the Wildfire Depot, has been educating property owners how to take wildfire defense into their own hands with pro-active spraying of the Company's fire inhibitor, MFB-CitroTech to reduce their risk of loss.

(MFB)'s Chief Technologist, Steven Conboy, discussed as a keynote speaker the significant uses of the Citro-Tech Inhibitor at the recent Boston, Massachusetts Timber Expo. Mr. Conboy went on to highlight the (MFB) patented Gator Skin product, which is designed to inhibit both fire and moisture degradation, with the continued development of Citro-Tech utilities as preventative measure applications on raw lumber and prefab construction.

(MFB) expects to launch its product lines with a big box retailer during the 4^th Quarter of 2022; and anticipates expanding the Citro-Tech brands into several new applications and products in the near future.

Look for the new Mighty Fire Breaker website coming in October www.mightyfirebreaker.com

The General Enterprise Ventures, Inc. website (https://generalenterpriseventures.com/) is still under construction as content is added, we encourage Shareholders and Investors to check back often.

Contact Information

Twitter: @GEVIOfficial
Website: https://generalenterpriseventures.com/

Forward Looking Statements:

This press release contains forward-looking statements. The words 'believe,' 'may,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'should,' 'plan,' 'could,' 'target,' 'potential,' 'is likely,' 'will,' 'expect' and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

SOURCE: General Enterprise Ventures, Inc.

View source version on accesswire.com:
https://www.accesswire.com/716763/General-Enterprise-Ventures-Inc-Issues-Shareholder-Update

FAQ

What recent updates has General Enterprise Ventures, Inc. (GEVI) provided?

General Enterprise Ventures, Inc. announced updates following the acquisition of Mighty Fire Breaker, including a name change and focus on fire safety innovations.

What is the focus of Mighty Fire Breaker under GEVI?

Mighty Fire Breaker focuses on developing Citro-Tech fire inhibitors aimed at enhancing fire safety and reducing water usage in firefighting.

When does GEVI expect to launch products with big box retailers?

GEVI anticipates launching its product lines with a big box retailer during the fourth quarter of 2022.

What certifications is GEVI pursuing for its fire safety products?

GEVI is seeking certifications for its Citro-Tech products that could establish them as the gold standard in fire suppression.

How does GEVI plan to use its new fire inhibitor technology?

GEVI aims to use its fire inhibitor technology to proactively protect structures from wildfires, especially in drought-prone areas.