SOURCE: Genesis Technology Group, Inc.

August 10, 2005 06:30 ET

Genesis Technology Group and Gulf South Forest Products Continue Successful Operations in China

BOCA RATON, FL -- (MARKET WIRE) -- August 10, 2005 -- Genesis Technology Group, Inc. (OTC BB: GTEC), a U.S. business development firm that fosters bilateral commerce between Western and Chinese companies, reported that contract client Gulf South Forest Products, Inc. continues to succeed in China by completing additional orders and planning a second trip to attend the lumber industry's key events in China, September 18-23, 2005, with a primary mission to source buyers of Southern Yellow Pine Lumber and other American hardwoods. Gulf South had forecasted monthly transactions in China of $1 million, and sales continue to increase steadily under Genesis's direction.

Mr. John Yohanan, President of Gulf South, commented: "Genesis continues to be our dedicated partner in China. We are in the midst of our fourth order of lumber products from China and foresee this expanding continuously. Attending the events in Guangzhou, Shanghai and Chongqing should move this initiative forward and contribute to our trade with China. Genesis has begun to source qualified buyers in China for Southern Yellow Pine and other American hardwoods, and we believe that this bilateral trade can greatly enhance our future."

Genesis Sales & Marketing Director Melanie Eckenroth, who will accompany Mr. Yohanan to China, observed: "Gulf South continues to add to its success in China. We have consistently stated that it takes commitment and tenacity to succeed, and patience is also a prerequisite. Our Shanghai and U.S. teams are dedicated to Gulf South's success, and our close relationship with China International Intellectech Corporation (CIIC) is an example of Genesis's unsurpassed network."

Interview Available: Genesis CEO Gary L. Wolfson gave an interview to WallSt.net, described as "an open network financial community," on Friday, August 5, 2005. This interview may be accessed at www.WallSt.net

About Gulf South Forest Products, Inc.

Gulf South Forest Products, Inc. is a U.S. private corporation that has been a traditional exporter for the past 18 years of Lumber, Timber, Plywood and Poles on a global basis. Since its inception in 1987, Gulf South has provided its large customer base with top-quality forest products and building materials. Gulf South's personnel have over 100 years of cumulative experience in sales, purchasing, documentation, shipping, and follow through on orders. Gulf South provides customers with the necessary documentation from the loading port to clearing their goods at the port of discharge. For more information, visit www.lumberexport.com

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 Western and Chinese companies. 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, Hong Kong 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 Western and Chinese companies, focusing on emerging technology and natural resource industries. For reference, visit www.genesis-china.net

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 Information

  • Contact:
    Genesis Technology Group, Inc.
    Kenneth Clinton
    Email: Email Contact
    Phone: 561-988-9880
    Fax: 561-988-9890