Genesys Industries Signs LOI to Purchase Equipment & Machinery.
NEW YORK, NY / TheNewswire / February 8th, 2018 – Genesys Industries, Inc (OTCBB: GEIN) (OTCMKTS: GEIN) $GEIN today announced that the company has signed an LOI to purchase certain plant equipment and production machinery to commence production processes. The equipment and fixed assets will allow the company to commence operations and support fulfilment functions for new orders from new customers.
Company Spokesperson, commented: “This is a strategic purchase of advanced manufacturing equipment which will allow the company to support its capabilities and acquire new customers. We anticipate this specialized equipment and machinery will allow the company to increase capabilities leading to substantial revenue producing operations.”
The financing of this purchase will be supported by the newly established TCP term loan the company announced recently.
About Genesys Industries
Genesys Industries is a diversified multi-industry advanced manufacturer of complex components and products. The company is a vertically integrated precision cnc manufacturing and fabrication company with core emphasis on product design, engineering and precision manufacturing of complex components and products. Some of the industries served include Aerospace, Automotive, Firearms, Food Processing, Industrial, Maritime, Medical, Railroad, Oil and Gas, Packaging, Telecom, Textiles, Pulp Paper, Transportation and many more. Follow us on twitter @genesysind $GEIN
Genesys Industries, Inc
Safe Harbor Statement
This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Statements contained in this press release regarding the company intentions, hopes, beliefs, expectations, or predictions of the future are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon the Company's current expectations, forecasts, and assumptions that are subject to risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those indicated by these forward-looking statements. These risks, uncertainties, and other factors include, but are not limited to, the risks and uncertainties discussed under the heading "Risk Factors" in the Company's Financial Reports. This press release does not form any part of a prospectus or offering. The Company undertakes no obligation to update any of the information included in this release, except as otherwise required by law.
Copyright (c) 2018 TheNewswire - All rights reserved.