Genius Creates a Wholly-Owned Subsidiary and Seeks Opportunities to Diversify Into New Industries
April 08 2014 - 3:51PM
Marketwired
Genius Creates a Wholly-Owned Subsidiary and Seeks Opportunities to
Diversify Into New Industries
MONTREAL, QUEBEC--(Marketwired - Apr 8, 2014) - Genius
Properties Ltd. (the "Corporation") (CSE:GNI) announced today the
creation of a wholly-owned subsidiary through which the Corporation
intends to evaluate new business ventures, including but not
limited to, opportunities in Technology, Internet, Software, Clean
Technology and Biotechnology. Currently, the Board of Directors is
reviewing a number of project proposals.
Stéphane Leblanc, President and CEO, stated: "We are
considering certain changes to our business model in order to
counter and resist to the volatility of the resources market. Our
new wholly-owned subsidiary will be ready in the event we find new
projects that offer strong growth opportunities."
At this time, no transactions are in place, nor is there any
assurance that a new project or partnership will be concluded in
the future.
About Genius Properties
Genius is targeting Quebec's excellent mineral potential to
discover new world-class deposits. Genius is the ideal partner for
exploration companies and capital pool companies looking for
qualified transaction projects of merit. Genius intends to enter
into various types of agreements on its properties. Management is
currently evaluating other growth opportunities in its portfolio of
newly acquired mineral properties to enhance shareholder value in
the short term.
This news release contains forward-looking information within
the meaning of applicable Canadian securities laws. All information
other than historical fact is forward-looking information.
Forward-looking information relates to future events or future
performance and is based on GNI current internal expectations,
estimates, projections, assumptions and beliefs. Forward-looking
information is often, but not always, identified by the use of
words such as "expect", "project", "proposed", "intend", "seek",
"anticipate", "budget", "plan", "continue", "estimate", "forecast",
"may", "will", "predict", "potential", "targeting", "could",
"might", "should", "believe" and similar expressions. Although
management considers the assumptions and estimates, reflected in
forward-looking information, to be reasonable, based on information
currently available, there can be no assurance that such
information will prove to be correct. As a consequence, actual
results may differ materially from those anticipated.
Undue reliance should not be placed on forward-looking
information which is inherently uncertain, and subject to known and
unknown risks and uncertainties (both general and specific) and
other factors that contribute to the possibility that the future
events or circumstances contemplated by the forward looking
information will not occur or that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information. These risks include, but are not
limited to risks associated with general economic conditions, the
actual results of current exploration activities, conclusions of
economic evaluations, changes in project parameters as plans
continue to be refined, future metal prices, financial risks and
substantial capital requirements. Further information regarding
certain of these risks (as well as risks relating generally to the
Company's business) may be found under the headings "Risks and
Uncertainties", "Forward-Looking Information" and "Financial risk
factors" in the latest Company's Management's Discussion &
Analysis on www.sedar.com. Readers are cautioned that the foregoing
list of factors that may affect future results is not exhaustive.
The forward-looking statements contained in this news release are
made as of the date hereof and GNI does not undertake any
obligation to update publicly or to revise any of the included
forward-looking statements, except as required by applicable law.
The forward-looking statements contained herein are expressly
qualified by this cautionary statement.
The CSE has neither approved nor disapproved the contents of
this press release. The CSE does not accept responsibility for the
adequacy or accuracy of this release.
Stephane LeblancPresident and CEO(418)
717-2553slconcept@hotmail.com