GTEC - - Press ReleaseSource: Genesis Technology Group, Inc.
Genesis Signs With 2 New U.S. Clients; Munich Round Table Hosts More Than 65 Prospects
Monday March 31, 7:00 am ET
BOCA RATON, FL--(INTERNET WIRE)--Mar 31, 2003 -- Genesis Technology Group, Inc. (OTC BB: GTEC) announced today the signing of contracts with two Florida companies. Each is privately owned and operated with decades of success and innovation. The contracts result in immediate income to Genesis, plus significant success fees and equity positions earned over the next 12 months. In addition, GTEC held its first China Round Table in Europe attended by over 65 German companies. The new contract clients include:
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Custom Biologicals, Inc. ("CBI"), a US private corporation, is a leader in the science of bioremediation, offering custom made products, a proprietary production method, and enhanced application technology. It provides environmentally friendly, effective solutions to the global waste problem that affects the world now, and for the future. CBI is a family owned corporation, built on the biotechnology experience and talents of Dr. Clarence L. Baugh and the customer base and field experience of its expert staff. "Our company has achieved success in distributing our product line throughout the world, including Asia, Europe, North and South America, yet China has been a challenge for nearly a decade. We have decided to contract with Genesis with its new, streamlined strategy through the Shanghai Technology Stock Exchange and its own impressive network." (For reference, visit www.custombio.com)
Sarlo Power Mowers, Inc., a US private corporation founded in 1935 and under the same family ownership, is a leader in the manufacture and distribution of self-propelled mowers for the commercial, residential, and governmental industries. Sarlo specializes in high wheel mowers and trimmers, and has an established distribution and sales network in the United States. Some of its product line already emanates from China, and both manufacturing and distribution in China loom as a possibility for Sarlo, in the near future. Commented President Tony Sarlo: "We were so impressed by the Genesis presentation at the recent Tampa Bay round table that we were convinced to commit to its team and China connections. This will be our company's first foray abroad." (For reference, visit www.sarlomower.com)
Genesis CEO Gary Wolfson commented, "We are happy to welcome these two impressive, innovative companies to the Genesis family of clients. April 1-16, 2003, seven contract clients will be accompanying the Genesis team to China. These include: newcomer CBI joining Viragen, Kane & Associates, Enviro Voraxial, Mark Capital, eProtea (Malaysia) and Powerbetter (UK)."
From the Genesis office in Shanghai, President James Wang added: "All arrangement are being made to complete contracts for these clients. In conjunction with the Shanghai Technology Stock Exchange, Genesis has scheduled high-level meetings to transfer these technologies and innovations to China. Adhering to our business model, we believe that Genesis shall benefit now and for years to come."
The Munich China Round Table, hosted by Genesis on March 20th, attracted over 65 companies from the European Union. This 4-hour event, presented at the downtown Kempinski Four Seasons Hotel, featured Genesis CEO Gary Wolfson. Remarked Munich Director Manuel Richter, "Frankly, we were surprised by our own success. The room was filled to capacity, and the interest level among the German companies was extremely high. Gary Wolfson presented our time-tested, yet creative Genesis business model with clarity in a most compelling manner. I will be leaving for Shanghai, to accompany contract client Powerbetter, and I am confident that commuting between Europe and Shanghai with new clients will become a regular trade route."
