Genesis Worldwide Inc.
TSX : GWI
AIM : GWI

Genesis Worldwide Inc.

August 11, 2008 10:16 ET

Genesis Worldwide Inc. Announces Directors' Stock Option Grants

MISSISSAUGA, ONTARIO--(Marketwire - Aug. 11, 2008) - Genesis Worldwide Inc. ("Genesis" or the "Company"), (TSX:GWI)(AIM:GWI), a leading provider of 'green' structural building technology using light steel, announces that the non-executive directors of the Company, namely Richard Black, Ralph Steedman, Timothy Armstrong, Paul Phipps and William Assini were granted 10,000 stock options each on August 11, 2008, exercisable into Common Shares of Genesis, at the five day volume weighted average exercise price of Cdn. $1.11, vesting at 25% on each of the first, second, third and fourth anniversary of the grant date, and expiring ten years from the grant date.

About Genesis Worldwide Inc.

Genesis develops and licenses structural building technology aimed at the residential, commercial and institutional building markets. Genesis offers licensees a turn-key solution enabling them to custom design, manufacture and install complete light steel building structures. The Genesis Solution encompasses engineered processes and materials that are environmentally sustainable or 'green'. Genesis is headquartered in Mississauga, Ontario, Canada and has licensees in the United States, Canada, Europe and the Middle East. For additional information about the Company, visit www.genesisworldwide.com.

Contact Information

  • Genesis Worldwide Inc.
    Catherine Smyth
    Manager, Investor Relations
    (905) 285-9909, ext. 302
    Website: www.genesisworldwide.com
    or
    Canaccord Adams
    Robert Finlay
    +44 020 7050 6500