Tickers: XOTC:GEIN, PINX:GEIN, XNYS:GEIN
Tags: #Manufacturing
NEW YORK, NY - January 15th, 2020 - TheNewswire - Genesys Industries, Inc (OTC:GEIN) a diversified multi-industry advanced manufacturer of complex components and products announced today that the company has received multiple new purchase orders for the precision manufacturing of engineered components from a leading Tier II Automotive Customer which has operations in Ohio and Michigan. The Company expects to engineer, produce and ship these orders over the next month for the current quarter.
Within only the first 2 weeks of January 2020, The Company has booked into backlog a total of over $ 75,000.00 of new orders with an average gross profit margins of 86%. The majority of the specific automotive market we serve are OEMs, Tier 1 and Tier 2 suppliers.
Company Spokesperson, commented, "We are proud that one of the largest automotive manufacturer with global operations is now a new Genesys customer. We've been supporting the automotive industry for many years now, and we continue to deliver innovative and reliable solutions to all our customers in this sector."
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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, Building Materials, Food Processing, Industrial, Maritime, Medical, Railroad, Oil and Gas, Packaging, Telecom, Textiles, Pulp Paper, Transportation and many more. Follow us on twitter @genesysind
For more information on Genesys Industries, please visit www.genesysindustries.com
Contact Information.
Investor Relations
Genesys Industries, Inc
Phone: 941-722-3600
ir@genesysindustries.com
Safe 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.
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