Salt Lake City, Utah, November 5, 2020 – – Gaensel Energy, Inc., (OTC PINK: GEGR), a diversified Holding Company, announces today, on the heels of the Company’s recent Tech acquisition of Metro VR, that it has acquired Petit Chateau, S.R.L., (https://petit-chateau.it). Petit Chateau is a premier European Green Energy Company which has created a conglomerate through partnerships to facilitate the 360º capabilities required in this new global phase of renovation; which includes financing, project management and supply chain, and fulfills the role as the general contractor.
Petit Chateau is staffed by Italy’s top engineers and technicians and is developer of industry game-changer POLYFIX® PANEL, a patented energy-saving, environmentally friendly solution for the building materials/supplies industry. The POLYFIX® PANEL is earthquake/seismic resistant and features high thermal and sound insulation. POLYFIX® allows for efficient, machine-free installation and are made of 100% recyclable materials and can take an annual electricity bill from € 2000 (euros) down to ~ € 500 (euros) per .year
The Company currently has over $950 Million in Active Contracts with anticipation of $1.2 Billion by end of 2020 primarily in Rome, Italy and the company plants to rapidly penetrates the European markets with global expansion initiatives for 2021-2024. Gaensel through its US operations intends to expand Petit Chateau’s expertise in Green Energy into North America and distribute the POLYFIX® product throughout North and South America.
GEGR CEO Helmut Gaensel states, “This is just the beginning for Gaensel as a diversified holding company. We are positioning the company for multi-billion-dollar revenues in the coming year with a number of targeted acquisitions, one or more to be announced still in Q4. This includes current work to satisfy Current Information Tier with OTC Markets alongside initiatives to uplift to a senior exchange such as NASDAQ, or OTCQB.
The Global Construction & Building Materials Market is expected to grow from USD 916.31 Billion in 2019 to USD 1,282.56 Billion by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 5.76%
About Gaensel Energy Group: Gaensel Energy Group, Inc. is an OTC listed Company, Symbol GEGR. We are focused on maximizing shareholder value through acquisition and finance of disruptive technology and revenue-driven acquisitions in Renewable and Green Energy, Inc.
About Petit Chateau: PETIT CHATEAU (https://petit-chateau.it), is an established Green Energy Company located in Italy. The Company began in 2013 in the construction trade and with its Italian engineers and technicians developed and patented a new innovative construction product and patented system called POLYFIX ® PANEL. The POLYFIX proves and energy efficient and renewable energy based product, with high thermal insulation that allows for renovation of existing structures which yields energy saving provides thermal insulation in summer and winter, with sound insulation, fast installation resistant to earthquakes and is environmental efficient and preservative.
This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation inability to enter into a definitive agreement with respect to the proposed transaction or to complete the transactions contemplated by the non-binding term sheet, matters discovered by the parties as they complete their respective due diligence investigation of the other. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.
Gaensel Energy Group Website: http://www.gegrgroup.com
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