SOURCE: Genesis Technology Group Inc.

November 03, 2005 07:00 ET

Genesis Technology Group Selected by Shanghai Aerospace to Lead U.S. Initiative in Distance Learning Program

BOCA RATON, FL -- (MARKET WIRE) -- November 3, 2005 -- Genesis Technology Group, Inc. (OTC BB: GTEC) announced that it has been selected by China Vocational Education Satellite Network to lead its U.S. initiative in distance learning. Genesis management estimates that the contract could have a value exceeding $5 million in profits for the Company in an industry estimated to yield billions of dollars globally.

Mr. Hong Kang, Chief Executive Officer of the CVE Satellite Network, commented: "We selected Genesis because of its management's long-term success in bridging Chinese and Western business interests. We are confident that Genesis can source our educational partners at major U.S. universities, hospitals, and private companies. More than distance learning, we also believe that the CVE programs can result in better understanding and cooperation among peoples in different countries."

Genesis Project Manager KeKe Zhang interjected: "China Vocational Education Satellite Network is the premier distance learning platform sponsored by the National Center for Education Development & Research of Ministry of Education of People's Republic of China, owned and operated by Shanghai Aerospace Computer System Engineering Co., Ltd.

"Genesis' role is clear: we will secure the educational partners for the CVE programs, and the tuition-based courses will educate students and professionals regardless of time zone or geographic location. Genesis benefits by receiving a designated portion of each CVE contract," explained Ms. Zhang.

Continued Mr. Kang: "With a curriculum covering medical, management, engineering, spirituality, marketing, accounting, business and finance, and more, CVE will create global classrooms through distance learning programs that target a registered student body numbering in the tens of millions."

About Genesis Technology Group, Inc.

Genesis Technology Group, Inc. 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 more information, visit www.genesis-technology.net

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