Genesis Advantage Inc. (PINKSHEETS: GDVG) announced today that it has entered into a distribution agreement for several East and Central African countries, with Wallia Suppliers Uganda Ltd., for the purchase of compact fluorescent lighting products.
Wallia Suppliers has been in the import/export business since 1981, and has supplied a variety of commodities to private sector businesses as well as the governments of several African Nations, and agencies including United Nations agencies.
Mr. Sunder Wallia, President of Wallia Suppliers, has commented, "There is a huge demand for energy saving products, especially lighting. Many African Nations are constantly affected by energy blackouts, and anything that can help to save power demand has a tremendous opportunity," according to Mr. Wallia. "We are very excited about penetrating new markets in this part of the world, especially with a partner, who knows and understands the local business landscape," commented Daniel Lang, President of ICIG Energy Solutions Inc.
ICIG Energy Solutions Inc. has developed a unique position in the Canadian marketplace, with its innovative development of energy efficient lighting products. Installations of the Philips Q L Induction technology continues to be received with overwhelming interest and support by some of Canada's leading retailers. "The ability to extend our reach beyond the Canadian marketplace with low cost, high value products to other regions of the globe, especially the African Nations is a very rewarding enterprise," commented Lang.
Genesis Advantage: Genesis Advantage Inc. is a publicly traded company formed to take advantage of unique, technological opportunities in the energy and energy conservation industries.
Forward-Looking Statements: Certain information contained in this news release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. While these statements are made to convey the Company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Actual Company results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties.