Genesis Worldwide Inc.
TSX : GWI

Genesis Worldwide Inc.

March 17, 2009 11:17 ET

Genesis Worldwide Inc. Offers New International Partnering Opportunities

MISSISSAUGA, ONTARIO--(Marketwire - March 17, 2009) - Genesis Worldwide Inc. ("Genesis" or the "Company"), (TSX:GWI), a leading provider of "green" structural building products and technology in the light-steel framing ("LSF") industry, announces the recent launch of its new Genesis Solution Provider ("GSP") Program.

Genesis has achieved one of its business objectives of expanding its global network of licensees with the successful completion of nine agreements since 2007. These licensees are not only fully-integrated manufacturers and installers of panelized building systems, but also regional LSF centers capable of providing innovative cold formed steel products, as well as a multitude of engineering services, in their markets.

The introduction of the GSP Program by Genesis marks the next phase of the Company's strategic development plan. This phase is geared toward enhancing the Genesis network by facilitating relationships between existing licensees and local construction-orientated businesses such as framers, fabricators, builders, architects, designers, general contractors, distributors and developers through the GSP Program.

This program now provides smaller companies with the opportunity to collaborate with Genesis and gain access to a wealth of industry experience, leading-edge software applications, industrial equipment, training programs, professional services and support. There are four scalable and customizable GSP options available to prospective partners, combining various levels of services and technologies to support sales, off-site fabrication, site-installation, or any combination of these. Each program is designed based on the knowledge, financial ability, and growth aspirations of the new partner.

The GSP Program offers an easy, smart, and cost-effective access to the future of building construction. Those "modern methods of construction", as they are often referred to in Europe, have proven to increase profits on residential and commercial projects by building faster, higher quality, safer, and greener buildings at a lower cost. The GSP Program successfully debuted to tremendous customer response in January 2009 at the International Builders Show in Las Vegas, and will be promoted at a series of international construction trade shows in 2009, including Building China and the Sustainable Building & Eco Urban Expo in China, InterBuild in Egypt, and Metalcon in Tampa, Florida, USA.

About Genesis Worldwide Inc.

Genesis develops and licenses 'green' building products and technology. Genesis offers licensees a turn-key solution which includes software applications, industrial technologies, and a wide range of services. 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.

Caution Regarding Forward Looking Information

Certain statements in this press release which are not historical facts constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements") and are made pursuant to the "safe harbour" provisions of such laws. Statements related to the Company's projected revenues, earnings, growth rates, performance, business prospects and opportunities are forward-looking statements, as are any statements relating to future events, conditions or circumstances. The use of terms such as "may", "will", "should", "plan", "believes", "predict", "potential" "anticipate", "expect", "project", "target", "estimate", "continue", and similar terms are intended to assist in identification of these forward-looking statements. These statements are based on certain factors and assumptions including expected growth, results of operations, performance and business prospects, and opportunities. These assumptions, although considered reasonable by the Company at the time of preparation, may prove to be incorrect.

Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause the actual results, performance or achievements of the Company to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements.

Many factors could cause the actual results of the Company to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements, including, without limitation, those factors discussed under the heading "Risk Factors" in the Company's most recent Annual Information Form ("AIF"), a copy of which is available on SEDAR at www.sedar.com. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and the Company does not undertake any obligation to update forward-looking statements, except required by law, should assumptions related to these plans, estimates, projections, beliefs and opinions change.

Contact Information

  • Genesis Worldwide Inc.
    Catherine Smyth
    Manager, Investor Relations
    (905) 285-9909, ext. 302
    Website: www.genesisworldwide.com