By a News Reporter-Staff News Editor at Energy Weekly News -- GEI Global Energy Corp. (OCTBB: GEIG), a Nevada based company, announced that the Company, along with the recent 10K annual financial filing, submitted a S1 registration statement to the U.S. Securities & Exchange Commission ("SEC") covering 17,000,000 shares to be issued to Kodiak Capital Group, LLC under the terms of the common stock purchase agreement. After the SEC has declared the registration statement related to the transaction effective, the company has the right at its sole discretion over a period of 18 months to sell up to $10 million of common stock under the terms set forth in the agreement. Proceeds from this transaction will be used to accelerate the global commercialization of the GEI X5 World Fuel Cell Electric Power Generator.
For more information regarding GEI GLOBAL's vision for an energy secure future, please click on the following video link: http://private.geiglobal.com/wp-content/uploads/2013/06/who-is-gei5.mp4.
GEI GLOBAL ENERGY CORP., as a young emerging public company trading on the OTC Markets leverages a menu of novel and innovative Fuel Cell power systems technologies. GEI's product line is designed to be scalable from a few kW's to several hundred 100 kW's for green hybrid integrated fuel cell/solar power plants around the world. A multi-trillion dollar market is potentially available and, having recently gone public, has access to additional funding options which allows the Company to not only focus on existing customer demands, but also opens up expansion plans into worldwide countries and markets such as Italy, Asia, and the Dominican Republic, for clean and inexpensive energy (www.geiglobal.com).
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