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Genesis Technology Group Inc.: Harvard Business School Alumni Host Genesis CEO to Explore 'Opportunities and Challenges of the China Trade'
via COMTEX

February 25, 2004

Boca Raton, FL, Feb 25, 2004 (M2 PRESSWIRE via COMTEX) --

Genesis Technology Group, Inc. (OTCBB: GTEC), a business development firm that fosters bilateral commerce between companies in the West with those in China, summarized the remarks of its CEO before the Harvard Business School alumni luncheon on February 19th in Boca Raton, Florida.

Mr. Frank X Olney, director of the HBS alumni luncheon, commented: 'Mr. Wolfson offered a colorful and balanced view of conducting business in the world's fastest growing economy. His personal story spans a dozen years of trials and tribulations, crushing disappointments and exhilarating successes. His emphasis focused on the great opportunities of embarking on the China trade, and the success of Genesis as a capable pathfinder for those seeking to do business in China.'

Gary L. Wolfson, Genesis CEO, summarized: 'The 30 accomplished business people were well versed about the opportunities and challenges of the China trade. My mission was to be informative, but I must admit that I was pleased that three of the attendees have arranged follow up meetings at Genesis headquarters to explore China business initiatives.

'Two days later, I had the honor of speaking before graduate students at the Wayne Huzeinga Graduate School of Business and Entrepreneurship at Nova Southeastern University. These 20 smart, young people debark for China next month with Dr. Ruth Clarke. It will be there first foray into China. Our Beijing and Shanghai offices will offer assistance and introductions during their visit,'concluded Mr. Wolfson.

About the Harvard Business School Alumni

Founded in 1908, Harvard Business School is nearly as old as the concept of management education itself-and in less than a century, the School has produced leaders and ideas that have shaped the practice of management in vital organizations of every kind around the globe. At HBS, we see our history as a challenge-a legacy of energy and innovation we strive to equal every day. From our faculty to our alumni, the greater HBS community is continuing to redefine the nature of management education and to invent the future of business. For more information about the Harvard Business School Alumni Club of South Florida, visit http://hbssouthflorida.org

About Genesis Technology Group, Inc.

Genesis Technology Group is a business development firm that fosters bilateral commerce between companies in the West with those in China. Genesis has created successful profit centers in product development, manufacturing, distribution, joint ventures and operational services. The Company has fully staffed offices in the United States, Germany, and China. Genesis has established effective working relationships with various governmental agencies, public institutions, and private industries in China. In addition, the company acquires and invests in innovative technology companies in China or forms joint ventures with both American and elite Chinese companies, focusing on emerging technology industries including, but not limited to, nanotechnology, biotech, wireless telecommunication, information systems, environmental protection and biomedicine technologies. For more information, visit www.genesis-technology.net

This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the company's business and financial results is included in the Company's filings, available via the United States Securities & Exchange Commission.

CONTACT: Ken Clinton, Chief Operation Officer, Genesis Technology Group, Inc. Tel: [phone] x 302 Fax: [phone] e-mail: [e-mail]

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