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Genesys Industries Purchases Additional CNC Equipment & Machinery to Support Production.
NEW YORK, NY – May 16th, 2018 (TheNewsWire) – Genesys Industries, Inc (OTCBB: GEIN) (OTCMKTS: GEIN) $GEIN today announced that the company closed on the purchase of a CNC Machine to support current and new production. The equipment will be set up at the company’s Missouri plant and allow the company to support an increase in production.
Company Spokesperson, commented: “This is a supporting purchase of advanced manufacturing equipment which will allow the company to increase output and efficiently enable its production capabilities. We have seen our backlog grow very rapidly and this machine will alleviate any bottlenecks in our production processes.”
The equipment financing of this purchase was supported by a new loan from the company’s bank.
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
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Genesys Industries, Inc
Phone: 941-722-3600
ir@genesysindustries.com
www.genesysindustries.com
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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.