General Enterprise Ventures, Inc. Summarizes Fiscal YR 2021 and Year End Outlook

Rhea-AI Summary

General Enterprise Ventures, Inc. (GEVI) provided a recap of its fiscal year 2021, highlighting key operational updates and leadership changes. The company completed its audits to regain SEC reporting compliance and relocated its commercial office to Lima, OH, housing valuable crypto-mining assets worth $300,700 that generate around $35,000 monthly. CEO Joshua Ralston expressed optimism for 2022, aiming to explore new business opportunities to bolster corporate and shareholder value.

Positive

• Completed audits for SEC reporting compliance.
• New commercial office with crypto-mining assets valued at $300,700.
• Monthly revenue generation of approximately $35,000 from crypto activities.
• Leadership change with a new CEO focused on expanding business opportunities.

Negative

• None.

LIME, OH / ACCESSWIRE / December 6, 2021 / General Enterprise Ventures, Inc., (OTC PINK:GEVI), recaps fiscal year 2021, operations and activities, with a CEO statement on corporate outlook.

FISCAL YEAR 2021 RECAP

From July 17^th, 2021 to October 19^th, 2021 General Enterprise Ventures, Inc. completed its (2) previous Fiscal Year Audits and had all (3) 2021 Quarterly reports Auditor Reviewed and filed to regain SEC Reporting Compliance.

On October 17^th, 2021 the company made a second strategic name change from General Entertainment Ventures, Inc. to General Enterprise Ventures, Inc.

Effective October 19^th, 2021 Jason Tucker resigned his position as CEO and Chairman of ‘GEVI'; but not before Joshua Ralston was appointed as the new CEO and Chairman of the Board. Mr. Ralston brings with him 7 years of Military experience from the United States Coast Guard, where he has excelled in security network management and business marketing.

On November 11^th, 2021 the Company announced its new Commercial office, located at 2170 Allentown Rd, Lima OH 45805 which consists of 7,200 square feet of mixed use space, and a clean room which is home to the Companys revenue generating assets and consists of (20) Bitmain Antminer SJ19 Pro's and (100) Goldshell Mini-Doge crypto-miners. The total retail value of these assets is $300,700.00 USD and produce approximately $35,000.00 USD a month in BTC, LTC, and DOGE Crypto-currencies respectively.

The CEO of ‘GEVI' Joshua Ralston stated, "As we begin to wind down the remainder of the 2021 year, we look forward to exploring and expanding new business opportunities in fiscal year 2022 that will further develop General Enterprise and continue to increase corporate and shareholder value."

Contact Information

Twitter: @GEVI_CEO

Email: welcome@generalenterpriseventures.com

Website: www.generalenterpriseventures.com

Forward Looking Statements:

This press release contains forward-looking statements. The words 'believe,' 'may,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'should,' 'plan,' 'could,' 'target,' 'potential,' 'is likely,' 'will,' 'expect' and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

SOURCE: General Enterprise Ventures, Inc.

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https://www.accesswire.com/676171/General-Enterprise-Ventures-Inc-Summarizes-Fiscal-YR-2021-and-Year-End-Outlook

FAQ

What is General Enterprise Ventures' fiscal year 2021 performance?

GEVI completed audits for SEC compliance and reported new revenue sources from crypto-mining assets.

Who is the new CEO of General Enterprise Ventures?

Joshua Ralston is the new CEO and Chairman of the Board, appointed in October 2021.

What are the financial benefits of GEVI's crypto-mining operations?

The crypto-mining operations generate around $35,000 monthly in various cryptocurrencies.

What future plans does GEVI have for enhancing shareholder value?

The company plans to explore and expand new business opportunities in fiscal year 2022.