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CGE Energy announces corporate restructuring to focus on

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BRIGHTON, Michigan, Aug. 15, 2022 (GLOBE NEWSWIRE) — CGE Energy, Inc. (“CGE”, OTC: CGEI) is pleased to announce that it is proceeding with the next phase of its business plan, focusing on accelerating development and promoting the world’s first self-powered macro cell tower system.

In order to highlight this unique and revolutionary product, which was created by CGE’s wholly-owned subsidiary – Aradatum, Inc. – and to bring additional value to the Company, the CGE Board of Directors voted to unanimously last week to take all the necessary measures to effect the merger of CGE into a future subsidiary of Aradatum.

Upon completion of the merger, each of CGE’s registered shareholders will hold a number of Aradatum shares equivalent to the CGE shares they held at the time of the merger. CGE’s Board of Directors has made its approval conditional upon completion of the merger on a tax-free basis, and the merger will be submitted to CGE’s shareholders for final approval at the Company’s general shareholders’ meeting.

About CGE Energy, Inc.

CGE Energy, Inc. is a holding company with two wholly owned subsidiaries, Aradatum, Inc. and Clean Green Energy, Inc.

About Aradatum, Inc.

Aradatum is a technology company that has created the world’s first self-powered macro cell tower that you can place literally anywhere. Aradatum creates the infrastructure to solve the geographic and energy problems caused by the limited range of next-generation wireless networks. The towers provide secure and instant communication for telecommunications and network infrastructure equipment running advanced applications for 5G, private networks and edge computing. www.aradatum.com

About Clean Green Energy, Inc.

Clean Green Energy, Inc. develops long-term energy projects that solve the unique energy challenges of its commercial, municipal and non-profit customers. The Company provides both services and products enabling its customers to reduce their energy consumption; reduce their initial, operating and maintenance costs; and generate environmental benefits. www.cgeenergy.com

Contact information for press releases

CGE Energy, Inc.
Paul Schneider, VP Marketing
248-446-1344
[email protected]

This release may contain “forward-looking statements” which fall within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as “may”, “will”, “are intended” , “probably will result”, “believes”, “expects”, “will continue”, “anticipates”, “estimates”, “intends”, “plans”, “contemplates”, “seeks”, “future”, “objective”, “goal”, “project”, “should”, “will pursue” and similar expressions or variations of such expressions. These forward-looking statements reflect the Company’s current expectations regarding its future plans and performance. All forward-looking statements included in this release are based on information available to us as of the date hereof and speak only as of the date hereof. We promise not obligation to publicly update or revise any forward-looking statement. Actual results may differ materially from those projected in the forward-looking statements.