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General Enterprise Ventures, Inc. (OTC:GEVI), Subsidiary Mighty Fire Breaker (MFB) Has Published Its Wildfire Defense System Course approved by the AIA and USGB Council through AEC Daily Corporation for Continuing Education Credits

CHEYENNE, WY / ACCESSWIRE / March 27, 2024 / The MFB Value-Add Wildfire Risk Reduction Team saw a need for a great awakening in the Architecture and Building Industry as it relates to the Fire Insurance Crisis, which is impacting the entire Western U.S. Accordingly, MFB was motivated to create and publish this Accredited Course for Architects through AEC Daily Corporation for Continuing Education Credits to finally bring true accreditation to what has been a "wild west anything goes" atmosphere in the use of wildfire defense sprinkler systems. The MFB course teaches the specification, layout and installation of environmentally safe technology for proactive wildfire defense during the initial construction phase. U.S,. building codes have provided guidance on protecting buildings and occupants from the effects of fire. Only recently, have these building codes included hardening the exterior envelope, roofs and sidings to defend them from wind-driven fire embers.

MFB was founded in California and is based there, has been awarded the EPA Safer Choice Product Parter of the Year Award. Its fire inhibitor CitroTech is the cleanest, safest fire chemistry in the world and the only EPA Safer Choice approved. Now that there is a product on the market that fits the profile needed to hopefully be accepted by the insurance industry to relook at wildfire prevention and to initiate change.

Many home insurers are scaling back coverage in the Western States, enrollment is surging in California's "backstop" insurance plans, and these backstop plan's risk sustaining losses that they can not cover. In fact, the potential losses of these insurers recently prompted CA Governor Gavin Newsom to issue an executive order commanding the California Insurance Commissioner to take action. These actions taken, included addressing issues with the insurance market and expanding coverage options for consumers. According to recent news, California's Insurance Commissioner Ricardo Lara's response to the crisis has been to set new rules that would allow insurers to raise rates. In this regard, now that the AIA and the U.S. GreenBuild Council has endorsed the CE course mentioned herein, the State of California, other states at wildfire risk, and even the Federal Government should consider and pass into law a Tax Credit for property owners who install an approved wildfire defense system, much like solar panel tax credits. Such a Tax Credit would incentivize property owners to invest in protecting their homes and other structures against loss due to wildfire.

The Government and the Insurance Industry can play a role in slowing this crisis, but the solution can only come from the Building Industry. In this regard, here is a case in point: After the Northridge Earthquake, the building industry was forced to embrace change when it came to lateral strength engineering to address seismic activity risk. It was leading insurance companies, such as Berkshire Insurance that embraced this new earthquake risk reduction engineering.

Architects, Engineers and Designers are learning about the Mighty Fire Breaker Engineered Wildfire Defense Systems with CitroTech in this AEC Daily Course. Hopefully this has set the stage, and the time for states and the Federal Government to support a WFD System Tax Credit. MFB looks to have significant numbers of Architects, Engineers and Designers take the course over the next few months.

For additional information, photos, and footage from the event or to learn more about Mighty Fire Breaker's technology and mission, please contact:

For more information, please visit www.mightyfirebreaker.com

For technical product information: Info@mightyfirebreaker.com

Contact Information

Twitter@GEVIOfficial
Website: ‚Äčhttps://generalenterpriseventures.com/

Forward Looking Statements:

This document contains "forward-looking statements", which includes statements regarding expected financial performance and growth information relating to future events. Forward-looking statements include statements with respect to beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the control of the Company and its officers and directors, and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can typically identify these forward-looking statements through use of words such as "may," "will," "can" "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "seek," "estimate," "continue," "plan," "point to," "project," "predict," "could," "intend," "target," "potential," and other similar words and expressions of the future. The Company expresses its expectations, beliefs and projections in good faith and believes that its expectations reflected in these forward-looking statements are based on reasonable assumptions. However, there is no assurance that these expectations, beliefs and projections will prove to have been correct.

SOURCE: General Enterprise Ventures, Inc. ("GEVI")



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