Genesis Worldwide Inc.

Genesis Worldwide Inc.

May 07, 2007 17:48 ET

Genesis Worldwide Inc. Files Preliminary Prospectus For Public Offering of Common Shares

MISSISSAUGA, ONTARIO--(CCNMatthews - May 7, 2007) -


Genesis Worldwide Inc. ("Genesis" or the "Company"), announced today that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada for a new issue of common shares from treasury. The proposed offering is being underwritten by a syndicate of underwriters led by Canaccord Adams.

The Company intends to apply to list its common shares on the Toronto Stock Exchange and for its common shares to be admitted to trading on the AIM Market of the London Stock Exchange.

The terms of the offering of common shares, including the number of securities offered and the offering price, will be determined at the time of pricing.

Residents of Canada can obtain copies of the preliminary prospectus from Canaccord Adams, BCE Place, T.D. Canada Trust, 30th Floor, P.O. Box 516, 161 Bay Street, Toronto, Ontario, M5J 2S1, Attention: Lee Ward (Tel: 416-869-3290), or via SEDAR at

The common shares to be issued pursuant to this proposed offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Act") and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act. Accordingly, this press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or same would be unlawful prior to qualification under the securities laws of any such jurisdiction.

About Genesis Worldwide Inc.

Genesis is headquartered in Mississauga, Ontario, Canada and has licensees worldwide. 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". For additional information about the Company, visit

Forward-Looking Statements

Any forward-looking statements in this press release are based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from projections suggested in any forward-looking statements due to a number of risks including those associated with the business of Genesis, the proposed offering and regulatory matters. Genesis assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties are contained in Genesis' preliminary prospectus filed with the Canadian securities regulatory authorities, available at

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