posted
There seems to be so many good picks right now! Good news end of Dec., followed by steady buying, and now more good news. Looks like this may go to at least .40 and form the other side of the cup after the macd moves up a little. I also like these China related stocks but am tapped out. thanks, dz
Posts: 1431 | From: Boulder, CO | Registered: Oct 2003
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Press Release Source: Genesis Technology Group, Inc.
French Media Company Selects Genesis Technology Group to Distribute SMS Entertainment Content to Chinese Markets Tuesday January 6, 7:01 am ET Internet's Leading Entertainment Portal Targets Chinese SMS Users; Genesis China Roundtable in Paris Scheduled For March 26th
BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 6, 2004-- Genesis Technology Group, Inc. (OTCBB:GTEC - News) announced today the signing of a contract with FilmFestivals Entertainment Group (FFEG), a French corporation with headquarters in Paris. Genesis will forge strategic alliances for FFEG in China to remarket its licensed entertainment content. Contractually, Genesis can earn revenues based on a per-message basis, as the Chinese annually transmit text messages numbering in the tens of billions. ADVERTISEMENT
Malo Girod de l'Ain, FilmFestivals' CEO, commented from Paris: "FFEG hosts the number one portal site for international film festivals and film news. Our mission is to be the premiere online entertainment destination dedicated to showcasing film festivals around the world and fostering new film and filmmaking talent. We have determined that China must be the next great frontier for such content. We have been told that 70 percent of its population is under the age of 30 years, our target audience. Genesis has been chosen as our liaison to this seemingly boundless market." FFEG was founded in 1995 by Mr. Girod de l'Ain, who created the first official website for Cannes International Film Festival and went on to develop the Internet's leading website for film festivals.
Bruno Chatelin, FFEG Chief Operating Officer, added: "We are proud of this alliance with Genesis. Since 2002, we have established strong partnerships with many media sources that build a strong circuit: Cannes Film Festival, Los Angeles Film Festival, IFP Market in New York, Newport Beach, Karlovy Vary, Paris, Venice, MIFED and many others. We have concluded that Genesis is uniquely qualified to market our extraordinary content in China." Mr. Chatelin was responsible for the launch of over 250 films during his tenure as Marketing Director and Managing Director for Columbia TriStar Films and Twentieth Century Fox. In 1995, he built the joint venture between French major UGC and Fox and led it to the leading position in the French market.
Gary L. Wolfson, Genesis CEO, summarized: "Latest figures released by China's Ministry of Information Industry show China has the world's largest mobile phone ownership with over 255 million users that send over 400 million text messages every day. In 2003, China's mobile phone users transmitted over 100 billion text messages, increasing 100-fold since the year 2000.
"Since Genesis obtained its own SMS license in November, we have actively sought content providers. Interestingly, the FFEG contract is a direct result of our April 2003 roundtables in California where 48 companies attended. At that venue, FFEG's U.S. representative attended. This is illustrative of the fact that cultivating business for China takes patience and tenacity. Having hosted a successful Munich event last spring, we are planning a China Roundtable in Paris on March 26th at the InterContinental Hotel located at 3 Rue de Castiglione.
"Our expansive network has established critical relationships with China Telecom and China Mobile Communications Group; these are the largest communications companies in the world. Now we are gearing up for a media blitz in China for FFEG for the Chinese New Year on January 22nd. A year ago, it was reported that the Chinese sent over six billion text messages on that single day."
About FilmFestivals Entertainment Group
FilmFestivals Entertainment Group was founded in 1995 and first produced a CD-Rom on the Cannes Film Festival as well as created its first official website. This successful experience developed into a focus on film festivals all over the world. FilmFestivals.com achieved a record audience in May 2003 with 9 million pages and 890,000 visitors, aimed at both movie buffs and professionals, focusing on film festivals and motion picture events. FFEG's Web site content is bilingual, English and French: http://www.filmfestivals.com
About Genesis Technology Group, Inc.
Genesis Technology Group is a business development firm that fosters bilateral commerce between companies in the United States and Europe with those in China. Genesis has created successful profit centers in product development, manufacturing, distribution, joint ventures and operational services. Genesis has established effective working relationships with various governmental agencies, public institutions, and private industries in China at both national and provincial levels. Its wholly-owned subsidiary, Yazheng (Yastock) Investment Consulting Company, Ltd., owns a license to operate as a wireless content provider, aggregator and mobile marketing provider in Shanghai. This license will be upgraded to a national level after three months of operation. For more information, visit http://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 and Exchange Commission.
-------------------------------------------------------------------------------- Contact: Genesis Technology Group, Inc., Boca Raton Kenneth Clinton, 561-988-9880, Fax 561-988-9890 kclinton@genesis-technology.net or FilmFestivals Entertainment Group, Paris Malo Girod de l'Ain, +33 1 72 74 71 79 Fax + 33 1 72 74 73 79 malo@filmfestivals.com
-------------------------------------------------------------------------------- Source: Genesis Technology Group, Inc.
Genesis Technology Group Acquires Controlling Interest in Computer
***
Hardware Wholesaler With 22 Years of International Experience "Could Achieve $10-15 Million in Sales and $0.5-1 Million in Net Income." BOCA RATON, FL -- (MARKET WIRE) -- 09/20/04 -- Genesis Technology Group, Inc. (OTC BB: GTEC) has acquired controlling interest in ExtremA LLC, a Miami-based computer hardware wholesaler with a 22-year history. ExtremA has succeeded in marketing equipment between North and South America, and Genesis will source and add new products from China to expand ExtremA's inventory and sales opportunities. Mr. Fernando Praca, co-founder and Chief Executive Officer of ExtremA LLC, explained: "Since being founded in 1982, our cumulative sales have exceeded $100 million, and we expect to reach those levels again by joining the Genesis family. "Genesis now owns 60% of ExtremA and founding management retains 40%; this should construct a motivated partnership, benefiting from the skills and experience of both companies. After a 90-day due diligence period, we have concluded that Genesis is a priceless source of both product line and contacts at the highest level of Chinese government and commerce. "Basically, there are four reasons that we believe that Genesis will re-invigorate ExtremA and help us reach record revenues: Genesis (1) will revamp our management with the addition of strong financial controls; (2) will supply much-needed working capital that will enable ExtremA to meet its backlog of orders from its customers; (3) can source cutting edge technology from China that could give ExtremA a decided edge in the marketplace; and (4) may negotiate price advantages for ExtremA in sourcing Chinese hardware. "ExtremA has built its business by connecting North and South America. Now we will benefit from the bridge that Genesis has designed and constructed between these economies and China. We have joined the Genesis corporate family with enthusiasm and high expectations," concluded Mr. Praca. Gary L. Wolfson, Genesis CEO, commented: "We embarked on a laborious due diligence process in May. We had secured $2 million in funding for purposes of mergers and acquisitions. This fund is being utilized judiciously, and the ExtremA acquisition is the first one completed. Our investment of stock and cash is about $340,000, but the future operation will take a commitment, both financial and managerial. To date, we have additionally extended about $350,000 for the ExtremA operations. "Acquiring this distribution channel, with two decades of proven success, could become a major profit center. In the near future, we will launch an LCD personal computer that could gain immediate acceptance and a significant market share globally. With ambitiously sourced products and financing, ExtremA could achieve, on an annual basis, $10-15 million in sales and $0.5 million to $1 million in net income," forecasted Mr. Wolfson. Roundtable Update: On Tuesday, September 21st in Fort Lauderdale, Florida, Genesis is co-sponsoring, with Becker & Poliakoff law firm, Broward County and the Florida-China Chamber of Commerce, another business roundtable. "Doing Business in China: Opportunities and Obstacles in the China Trade" will be the topic. Parties interested in attending should contact Ms. Melanie Eckenroth, Genesis Sales & Marketing Director, at (561) 988-9880 ext. 304 or by emailing Melanie@genesis-china.net. About Genesis Technology Group, Inc. Genesis Technology Group, Inc. (also referred to as "Genesis China") 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, computer hardware and software, nanotechnology, biotech, wireless telecommunication, information systems, environmental protection and biomedicine technologies. For more information, visit www.genesis-china.net About ExtremA, LLC ExtremA LLC is a leading wholesale distributor firm of computer related electronic components headquartered in Miami, the bridge to Latin America. Since its inception in 1982, ExtremA has successfully excelled in customer satisfaction, enabling it to cultivate long-term relationships with an exceptional base of over 2,000 clients. This has been possible by specializing in computers and computer parts, focusing mainly on quality brand names of Notebooks, Digital Cameras, Central Processing Units (CPU), Memory Modules and Peripherals strictly to the wholesale industry. A proven track record of consistency, a worldwide reputation for delivering superior value and best service, and an effective team of extremely experienced employees has guaranteed a strong presence in the market. "ExtremA, We Take Electronics to the Max" is the company motto. For more information, visit www.extremallc.com Safe Harbor Statement Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements 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 and Exchange Commission. Contact: Genesis Technology Group, Inc. Kenneth Clinton Chief Operating Officer kenclinton@genesis-technology.net Phone: 561-988-9880 Fax: 561-988-9890 Fernando Praca ExtremA Chief Executive Officer fernando@extremallc.com Phone: 305-503-9000 Fax: 305-392-6262
Posts: 443 | From: Honolulu, HI | Registered: Jan 2004
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