Genesis Electronics Group Announces New Trading Symbol

 

New Symbol Echoes Focus of Corporate Efforts


HOLLYWOOD, FL--(Marketwire - December 15, 2009) - Genesis Electronics Group, Inc. (OTCBB: GEGI), www.genesiselectronicsgroup.com, announced that it has received approval from FINRA (Financial Industry Regulatory Authority) OTC Corporate Data Operations for a change of stock trading symbol. The new symbol, GEGI, replaces the former PRCC and is effective immediately. The change in symbol follows the corporate name change earlier this year from Pricester.com and more accurately reflects Genesis' expansion of business pursuits in the development of solar powered products and technology.

 

Ed Dillon, President & CEO of Genesis Electronics Group, Inc., said, "This change in our trading symbol means much more than just a group of new letters. The new symbol demonstrates our focus of efforts and resources to solar technology, and coincides with the acceleration of our consumer solar products development, our recent accomplishments in that area, and related strategic activities."

 

Earlier this month, Genesis Electronics Group strengthened its competitive positioning by acquiring limited exclusive world-wide rights to two important patents from Johns Hopkins University Applied Physics Laboratory, www.jhuapl.edu, for a self-contained, modular integrated power source that utilizes solar energy to produce electric current. Genesis also owns a U.S. patent for a solar-powered rechargeable battery module that can be used to significantly increase the reliability of hand-held and portable electronic devices. In August, the company enhanced its internal engineering capabilities with the addition of Charles Zullo, Director of Corporate Engineering & Design, and Cliff Arnel, Director of Technology Development -- two highly qualified and well-credentialed experts in electronics engineering.

 

Currently, Genesis Electronics, a division of Genesis Electronics Group, is completing development of a solar-powered charger for popular "smart" phones under the name SunBlazer™ and anticipates a market debut in the 1st quarter of 2010. More information about the SunBlazer™ is available at www.genesiselectronics.net.

 

Raymond Purdon, Chairman of Genesis Electronics Group's Board of Directors, added, "Our new trading symbol serves in part to substantiate that the company is on-track and dedicated to bringing our solar-powered technology to the consumer market."

 


 

 

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