SOURCE: Genesis Advantage Inc.

April 19, 2006 19:21 ET

Genesis Advantage Acquires ICIG Genesis Energy Solutions

PICKERING, ON -- (MARKET WIRE) -- April 19, 2006 -- Genesis Advantage Inc. (OTC: GAVG) announced today that it has completed the acquisition of ICIG Genesis Energy Solutions Inc. through an executed Reorganization Agreement. Under the terms of the Agreement, ICIG shareholders will own restricted shares of Genesis common stock approximating 58% of the total shares outstanding. ICIG Genesis Energy Solutions is an Ontario corporation actively involved in the energy conservation sector throughout Ontario, Canada.

ICIG has a preferred relationship with several of the world's largest energy efficient lighting manufacturers. Over the coming months, ICIG expects to enter into exclusivity agreements with these manufacturers to provide technology currently unavailable to the Canadian marketplace. ICIG has developed relationships with several public electrical utilities in the Ontario market, and intends to further develop public sector relationships throughout Canada, the United States, and globally.

The commercial, industrial and institutional lighting sector is a multi-billion dollar business in North America each year. ICIG, in cooperation with its overseas manufacturers, intends to play a significant role in supporting both the private sector and government sector in achieving their stated goals of energy conservation and reduction of the ever increasing costs associated with operation of their facilities.

About Genesis Advantage: Genesis Advantage Inc. is a publicly traded company formed to take advantage of unique, technological opportunities in the energy and energy conservation industries.

Forward-Looking Statements: Certain information contained in this news release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. While these statements are made to convey the Company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Actual Company results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties.

Contact Information

  • Contact:
    Genesis Advantage
    Daniel Lang
    (416) 986-4456