Salt Lake City, Utah--(Newsfile Corp. - July 20, 2022) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company, is pleased to announce the acquisition of 50% of Meccanica Yacht Services srl and the organization of the first GNL nautical pole in the Mediterranean.

Gaensel Energy and its Consorzio Green Solution & GNL ("Consorzio") have completed an important acquisition in Genova, Italy. Gaensel and its Consorzio have acquired 50% of Meccanica Yacht Services srl, an Italian corporation specialized on refitting and transformation of nautical and diesel engines. Attorney G.Pierfrancesco Mussumeci, President of Consorzio, stated, "Beginning in January 2025, pursuant to the new European Union regulations, yachts and shipping vessels will not be allowed to access shipping ports if they are utilizing diesel fuel propulsion. The Consorzio with our partner Gaensel Energy has completed this new acquisition as part of a newly created network of companies to collaborate in the refitting of nautical diesel engines into hybrid propulsion and utilizing our LNG Solutions."

The Consorzio is assigning to Meccanica €800,000,00 in new contracts for the development of several perforation platforms of Micoperi SPA of Ravenna, Italy, with several new contracts which have been in negotiation with important shipping companies. Mussumeci stated Meccanica's Fiscal Year 2022 turnover is anticipated to be approximately €4,000,000 with expectation of turnover of over €10,000,000 in Fiscal Year 2023.

Attorney G. Pierfrancesco Mussumeci, President of Consorzio, is actually working with its legal team to provide support for the organization of this new nautical network.

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About Gaensel Energy Group, Inc. (OTC Pink: GEGR):

Gaensel Energy Group, Inc. (OTC Pink: GEGR) is an international holding company with assets exceeding $55.6 Million. In 2021, the company grossed $77.9 Million in sales at a healthy 46.3% operating margin. Gaensel's interests are diversified across several industries with double-digit projected annual growth rates over the next five years. Gaensel's asset base includes proven revenue producing companies in Biotech, Commodities, Health, Beauty - Fashion, Green Renewable Energy, Technology, and the Metaverse.

Gaensel Energy Group, Inc.
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Salt Lake City, UT 84101
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Phone: +1 518-567-3649

Forward-looking statements

This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Gaensel Energy Group, Inc., (GEGR), and certain of the plans and objectives of GEGR with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITA and future developments in our organic business. Forward-looking statements can be identified generally as those containing words such as "anticipates", "assumes", "believes", "estimates", "expects", "should", "will", "will likely result", "forecast", "outlook", "projects", "may" or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

These factors include, but are not limited to, domestic and global economic and business conditions, the successful implementation of our strategy and our ability to realize the benefits of this strategy, our ability to develop and market new products, changes in legislation, legal claims, changes in exchange and interest rates, changes in tax rates, pension costs and actuarial assumptions, raw materials and employee costs, our ability to identify and complete successful acquisitions and to integrate those acquisitions into our business, our ability to successfully exit certain businesses or restructure our operations, the rate of technological changes, political, economic and other developments in countries where GEGR operates, industry consolidation and competition. As a result, GEGR actual future results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.

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