Genesis Electronics Sales of Solar iPhone Charger at AT&T Store Shows Positive Consumer Acceptance
February 02 2011 - 9:30AM
Marketwired
Genesis Electronics Group, Inc. (OTCBB: GEGI),
www.genesiselectronicsgroup.com, reports that initial consumer
reaction to the G-1500™ has been very positive. As reported
earlier, the company has commenced traditional brick-and-mortar
marketing of its Solar Powered Charger designed for the iPhone 4 at
an AT&T retail location in New York State. The store is located
in Monticello and is retailing the G-1500™ for $79.99. Within the
first few days, approximately 25% of the inventory was sold out.
The Genesis G-1500™ is a "smart" accessory, offering the
combined benefits of both solar and conventional charging plus
protection to the iPhone 4. In addition to its first AT&T
retail location and continuing online sales of the product, Genesis
is actively pursuing additional high-profile retail outlets.
"The consumer response to the G-1500™ is very promising," said
Ed Dillon, CEO of Genesis Electronics Group. "All of our research
indicates that a strong demand is there for a reliable
dual-function charger for the iPhone 4. The fact that our G-1500™
also provides some protection to the phone is also a big benefit
that definitely appeals to consumers. Marketing the G-1500™ in
physical locations that sell iPhones and cater to tech-savvy
smartphone users is a well-conceived strategy that is proving
successful."
Raymond F. Purdon, Genesis' Chairman, added, "Our feedback
regarding sales of the G-1500™ is very exciting and serves to
clearly support our marketing plans. This applies not only to the
G-1500™ and other solar-powered chargers for smartphones that
Genesis will introduce, but also indicates consumer interest and
acceptance of solar-powered accessories for a variety of hand-held
and portable electronic devices. Our company positioning, supported
by significant patent holdings and licensing for solar powered
sources, is proving to be correctly targeted."
Interested distributors and retailers are encouraged to contact
Genesis Electronics at (954) 272-1200. For more information about
Genesis Electronics Group, solar energy and the Genesis G-1500™,
please visit www.genesiselectronicsgroup.com or
www.mysunblazer.com.
Forward Looking Statements
Except for historical matters, matters discussed in this release
are forward-looking and are made pursuant to the safe harbor
provisions of the 1995 Private Securities Litigation Reform Act.
Investors are cautioned that these statements reflect numerous
assumptions and involve risks and uncertainties that may affect
Genesis Electronics Group, Inc., its business and prospects, and
cause actual results to differ materially from these statements.
Among these factors are Genesis Electronics Group, Inc.'s
operations; competition; entry barriers; relationship reliance;
technological changes; new systems introduction; vendors pricing;
supply of components and software, and other factors detailed from
time to time in our filings with the U.S. Securities and Exchange
Commission. In light of risks and uncertainties in these
forward-looking statements, they should not be regarded as a
representation by Genesis Electronics Group, Inc. or any other
person that the projected results, objectives or plans will be
achieved. Genesis Electronics Group, Inc. undertakes no obligation
to revise or update these statements to reflect events or
circumstances after the date hereof, except as may be required by
applicable law or regulation.
CONTACT: Investor Relations Ed Dillon CEO (954) 272-1200
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