General Environmental Management Inc. Announces Name Change and Company Updates

Rhea-AI Summary

General Environmental Management, Inc. (OTC PINK:GEVI) has officially changed its name to General Entertainment Ventures Inc. after restructuring through a merger in Delaware. The acquisition of Strategic Asset Holdings, LLC, led by CEO Jason Tucker, aims to expedite the audit process to fulfill reporting obligations. The company is set to bring in assets from a Grammy-winning artist, including a record label with around 12 acts and a coffee company. The artist will be appointed to GEVI post-audit. CEO Tucker expressed optimism about future shareholder returns.

Positive

• Name change to General Entertainment Ventures Inc. reflects strategic rebranding.
• Acquisition of Strategic Asset Holdings expected to streamline audit process.
• Commitment from a Grammy-winning artist indicates potential for valuable assets.

Negative

• The restructuring process took longer than anticipated, which may have delayed business operations.

MIDDLETOWN, DE / ACCESSWIRE / May 20, 2021 / General Environmental Management, Inc. (OTC PINK:GEVI) the "Company", is pleased to announce its name change to General Entertainment Ventures Inc.

Following the Company's move to Delaware GEVI was restructured through a merger where the Company became General Entertainment Ventures Inc.

Additionally, the Company took on a subsidiary, Strategic Asset Holdings, LLC, previously privately controlled by GEVI CEO, Jason Tucker. The acquisition of Strategic will help the company move through a fast audit process to get GEVI current in its reporting obligations. The Company has already begun preparing for the audit process.

Once in good standing, the Company has a commitment from a Grammy award winning music artist to bring in assets controlled by the artist. Specifically the artist's record label which represents approximately 12 other acts. As well as a coffee company and podcast also operated by the artist and his staff.

The Company also intends to announce the artist's appointment to GEVI as well as additional personnel immediately following the completed audit process.

Stated CEO, Jason Tucker: "I'm pleased with our progress to date. The Delaware restructuring took a bit longer than anticipated, but I believe patience will soon pay off for our shareholders once the Company's incoming members and assets are fully known."

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.

CONTACT:
Jason Tucker - 908-312-1014

Twitter:
@GEVI_CEO

SOURCE: General Environmental Management, Inc.

View source version on accesswire.com:
https://www.accesswire.com/648281/General-Environmental-Management-Inc-Announces-Name-Change-and-Company-Updates

FAQ

What is the new name of General Environmental Management, Inc.?

The new name is General Entertainment Ventures Inc.

What has General Entertainment Ventures Inc. done to fulfill its reporting obligations?

The company has acquired Strategic Asset Holdings, LLC to help expedite the audit process.

Who is the Grammy-winning artist associated with General Entertainment Ventures Inc.?

The specific artist is not named in the press release, but they have committed to bringing assets to the company.

What assets will General Entertainment Ventures Inc. acquire from the artist?

The company will acquire a record label representing approximately 12 acts, as well as a coffee company and a podcast.

What did CEO Jason Tucker say about the company's progress?

He expressed optimism about progress and potential benefits for shareholders following the audit.