Suja Minerals and GEI Global Innovations, Inc. Extend the Final Closing of
Acquisition Agreement to August 15, 2013
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/31/13 -- SUJA
MINERALS CORP. (OTCQB:SJML) announced today an extension of the
Memorandum of Agreement (MOA) with Global Energy Innovations, Inc.
The terms of the MOA state that the parties will execute a definitive
agreement on or before July 31, 2013. The parties have mutually
agreed to extend the closing date to August 15, 2013.
Matt Reams, President and CEO of SUJA MINERALS CORP. stated, "Due to
normal and ordinary time demands we found it necessary to extend the
deadline in order to properly complete the joining of our two
The additional time will allow both parties and their representatives
to complete the review of all related documentation and the execution
of the definitive agreement.
GEI is in the process of setting up its manufacturing facility which
includes ordering and assembling necessary equipment to deliver the
GEI X5 fuel cell power system by the end of the year.
The GEI fuel cell system provides 24-7 primary power for homes and
buildings and is paramount due to very restrictive offerings from
other companies with only back-up power (due to fuel restrictions) or
power to one singular application (due to technology restrictions).
The GEI X5 core strategy is to avoid providing a "niche" technology
for a "niche" application, but rather provide a robust and scalable
systems technology applicable across multiple platforms that allow
high volume cost reductions and savings in design and manufacturing
cost. There are currently 3 patents that protect this technology and
the GEI plans for several more to be filed in the near future.
GLOBAL ENERGY INNOVATIONS INC. was founded in 2007 and is part of the
fuel cell and sustainable/alternative energy industry. Global Energy
spent the last 7 years testing the product and has had running
prototypes with all data for over 3 years. (www.geiglobal.com)
Our new company, GEI GLOBAL ENERGY CORP. and our brand, the GEI X5,
represent a revolutionary and smart, multi-fuel, clean, silent, and
affordable fuel cell auxiliary electric power generation system for
residential, commercial, military, and industrial electric
applications. Our unique scalable modular technology allows power
systems from a few kW to several hundred MW. Our power systems employ
a superior technology that conserve earth's natural resources,
improve people's quality of life, and assures energy security
ABOUT Suja Minerals Corp:
Suja Minerals Corp., an exploration stage company, focuses on
acquiring and exploring mineral properties. The company intends to
explore for dolomite and limestone. It owns an option to acquire a
100% interest in the Crawford Creek property consisting of 1 mineral
claim with an area of approximately 460 acres (208.93 hectares)
located in southwestern British Columbia, Canada. The company was
founded in 2010 and is based in Las Vegas, Nevada.
GEI GLOBAL ENERGY CORP. will offer advanced fuel cell products. Other
competing companies are General Electric (NYSE:GE) Bloom Energy
http://www.bloomenergy.com/ Clear Edge Power
http://www.clearedgepower.com/ Ballard Power Systems
http://www.ballard.com/ FuelCell Energy Inc.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term
is defined in Section 27A of the United States Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. Statements in
this press release which are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future. Such
forward-looking statements include, among other things, the
development, costs and results of our exploration program at our
properties and any anticipated future production. Actual results
could differ from those projected in any forward-looking statements
due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with mining exploration companies.
These forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those projected in the forward-looking statements. Although we
believe that the beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance that such beliefs, plans, expectations or intentions will
prove to be accurate. Investors should consult all of the information
set forth herein and should also refer to the risk factors disclosure
outlined in our annual report on Form 10-K for the most recent fiscal
year, our quarterly reports on Form 10-Q and other periodic reports
filed from time-to-time with the Securities and Exchange Commission.
Suja Minerals Corp.
President and CEO
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