Genesis Electronics Group Inc. this week announced that it has launched a new business plan focusing on acquisitions or license agreements with autonomous technology companies.
The Salt Lake City, Utah-based company will focus on identifying companies and/or technologies in industries such as transportation, security, flight, and artificial intelligence where autonomous technologies will be an explosive accelerator to new business growth.
“I am very excited to finally be able to reveal the new focus for Genesis Electronics Group,” said CEO Braden Jones. “Since I was appointed as CEO of the company, there were a lot of corporate housekeeping items that needed to take place so that we can move forward with our business plan. … We have been working very hard to refine our business plan and we believe that focusing on autonomous technologies will bring the greatest value to our shareholders.”
Genesis adds advisors, partners to oversee candidate process
The automation industry has seen significant growth over the past decade. Jones noted that Genesis is “assembling a highly qualified team of advisors and partners that are making introductions to companies that could be good candidates for acquisition or licensing agreements.”
“Their expertise and guidance has been extremely valuable thus far,” he said. “We look forward to formalizing our relationships with these individuals and the company and making these announcements in the near future, so their value can be felt by our shareholders.”
In addition to launching the new business plan, Genesis launched an interim website to provide more information to its shareholders. The company plans to update the website frequently as parts of its business plan unfold. The new website can be found at https://www.genesis-electronics.com/.
As part of the change-control process from previous controlling parties and management, Genesis said it has filed the required documents in the change of control process with the over-the-counter (OTC) markets. When that process is complete, the company said it expects to provide more steady and accurate updates to the markets and its shareholders.