GEI GLOBAL ENERGY CORP. (OTCMKTS:GEIG) Files An 8-K Termination of a Material Definitive AgreementItem 1.02 Termination of a Material Definitive Agreement
1. On December 23, 2015, GEIG entered into an acquisition agreement with Zarvic Brothers, LLC. However, final terms were not concluded and was not executed legally.
Item 1.02 Notice of Failure to Satisfy a Continued Listing Rule or Standard
1. On August 2, 2017, GEI Global received an SEC ORDER of SUSPENSION of TRADING from 9:30 AM EDT on August 3, 2017, through 11:59 PM EDT on August 16, 2017, pending the required GEIG response on August 12, 2017. The suspension rationale is a lack of current and accurate information concerning the securities of GEI Global Energy Corp because of delinquency in its periodic filings with the Commission. The last filing was Form 10-Q for period ended September 30, 2014.
2. A detailed recover plan has been developed and will be submitted as required by August 12, 2017.
Item 1.02 Other Events
1. GEI Global is offering “HYBRID POWER and MOBILITY” consulting services to leverage a wealth of internal expertise in the areas of Hybrid Electric Power Generation, software and hardware controls, power electronics software controls, CAN BUS software communications and controls, and integration of fuel cells, solar, and wind electric power generation combined with energy storage (https://www.geiglobal.com/geig-hybrid-services).
About GEI GLOBAL ENERGY CORP. (OTCMKTS:GEIG)
GEI Global Energy Corp. is a fuel cell electric power generation company. The Company is focused on fuel cell electrical power production on a global basis, regardless if the fuel supply is from a natural gas wellhead in New Jersey, a bio methane facility in Italy, or a bio agricultural waste-to-fuel treatment facility in Africa. The Company provides an automated electrical power generation system with an ability to extract hydrogen feed stock from renewable and bio fuels. The Company offers various technologies, including battery energy storage, hybrid solar systems and fuel cell electric power generation with natural gas, hydrogen, and methane and other renewable energy sources. The Company’s product offering is the Global Energy Innovations (GEI) X5 Smart Adaptable Fuel Cell Auxiliary Power Unit (GEI X5). The GEI X5 provides multiple user programmable power output channels over a voltage and current range that operate concurrently and independently.