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General Enterprise Ventures Inc. (OTC: GEVI) Significantly Increases Shareholder Value by Retiring 65 million of Its Outstanding Common Shares

CHEYENNE, WY / ACCESSWIRE / April 10, 2024 / In an unprecedented decision, CEO Joshua Ralston returned over 60% of the outstanding shares of the common stock of General Enterprise Ventures, Inc. (the "company" or "GEVI") (OTC PINK:GEVI) to the company's treasury. The shares were originally part of a package to provide control at the executive level to accomplish the tasks necessary to bring the company to the next echelon. The return of the shares greatly increases individual shareholder value.

Ralston said, "with the great strides that have been made in the advancement of GEVI as a ready-to-move-forward public company, and its subsidiary Mighty Fire Breaker LLC ("MFB") hitting many major milestones, it was time to reset the company's Capital Table for the next evolution of the company's development."

GEVI and its subsidiary Mighty Fire Breaker LLC have accomplished many of their short-term goals. MFB has achieved some noteworthy accomplishments and third-party accreditations. Its Citro-Tech fire inhibitor is the only EPA SaferChoice approved fire retardant. Its products are in the midst of the USDA QPL testing process for Aerial delivery, passed ATSM testing, GreenGaurd Gold UL VOC approved, passed California Bioassay fish and water testing (listed as non-toxic and non-hazardous), and it has published a groundbreaking architectural course on proactive wildfire mitigation systems (AEC Daily AIA, US GreenBuild Council supported Wildfire Defense System CE to teach Architects about True Wildfire Risk Reduction Systems. Out of 550 courses it reached number 17 in activity.) MFB continues to work to help develop systems and processes to support easing of the insurance crisis in the western United States. MFB currently has 45 patents (granted and pending) in its intellectual property portfolio covering a range of fire-related products and technologies. Mighty Fire Breaker LLC has also been able to fulfill orders for its products to several countries, major Fire Departments and installed its systems as proof of concept in multiple locations. MFB has also assembled an Advisory Board comprised of noted fire officials and insurance industry savvy individuals with over 250 years of combined experience. Ralston said, "in my opinion a great start to the company's ongoing evolution."

For additional information, photos, and footage from our events or to learn more about Mighty Fire Breaker's technology and mission, please contact:

For more information, please visit www.mightyfirebreaker.com

For technical product information: Info@mightyfirebreaker.com

Contact Information

X @GEVIOfficial

Website: ​https://generalenterpriseventures.com/

Information about Forward-Looking Statements

This document contains "forward-looking statements", which includes statements regarding expected financial performance and growth information relating to future events. Forward-looking statements include statements with respect to beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the control of the Company and its officers and directors, and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can typically identify these forward-looking statements through use of words such as "may," "will," "can" "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "seek," "estimate," "continue," "plan," "point to," "project," "predict," "could," "intend," "target," "potential," and other similar words and expressions of the future. The Company expresses its expectations, beliefs and projections in good faith and believes that its expectations reflected in these forward-looking statements are based on reasonable assumptions. However, there is no assurance that these expectations, beliefs and projections will prove to have been correct.

SOURCE: General Enterprise Ventures, Inc. ("GEVI")



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