Welcome to our dedicated page for GEIN news (Ticker: GEIN), a resource for investors and traders seeking the latest updates and insights on GEIN stock.
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On June 17, 2021, Forza Innovations, formerly Genesys Industries, announced the effective implementation of a name change and a 10-for-1 forward stock split, with ticker symbol GEIND changing to FORZ after 20 business days. CEO Johnny Forzani emphasized the split as a measure to broaden the shareholder base and enhance liquidity. Forza Innovations operates in the health-tech wearable sector and has acquired rights to innovative back compression devices aimed at reducing joint stiffness and relieving inflammation.
Genesys Industries (OTC Pink: GEIN) is transitioning from precision CNC manufacturing to the health-tech wearable market through the acquisition of WarmUp products, an innovative back compression device. This product aims to alleviate joint stiffness and inflammation using therapeutic heat. Leadership changes include John Forzani taking over as CEO following Shefali Vibhakar's resignation. The company is also working to update its financial filings with the SEC and engage an auditor for the year ending June 30, 2020, which is expected soon.
