Genesis Worldwide Inc.
TSX : GWI

Genesis Worldwide Inc.

March 25, 2009 14:48 ET

Genesis Worldwide Provides Easy Access to Light-Steel Framing ERP Software Solution

Pay-As-You-Go "Software as a Service" Sets New Standard

MISSISSAUGA, ONTARIO--(Marketwire - March 25, 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 launch of its Genesis Enterprise Management ("GEM") version 4.0, enabling the Company to now deliver "Software as a Service" ("SaaS").

GEM is an Enterprise Resource Planning ("ERP") software solution specific to the LSF industry. GEM allows Genesis' licensees and Genesis Solution Providers ("GSP") to manage the entire life cycle of LSF projects from a centralized and user-friendly platform. GEM provides complete process automation, enabling real-time measurement and tracking of customer deliverables from estimating, sales and purchasing through production, shipping, installation, invoicing, and field incident reporting.

Genesis has advanced its GEM application by releasing a web-based, customizable, and pay-as-you-go version ("GEM v4.0"). As there is no need to purchase a server to run this application, this approach is very cost effective and ultimately more affordable to Genesis' partners. A computer or handheld device and high speed internet are only required to access these software application modules and keep your business running.

The web portal is fully customizable to the specific and relevant needs of each licensee or GSP - priced per module, per user, per month. For example, a GSP re-seller will be able to license Genesis' proprietary software applications, ProposalBuilder, SalesBuilder and InvoicingManager, along with a few optional modules of their choice.

All GEM v4.0 modules are interconnected and can be further integrated seamlessly with Genesis' state of the art Material Optimization Technology ("MOT") production platform via the proprietary Genesis FrameBuilder software application. The whole process from design to installation is optimized and risks of communication errors are minimized.

Providing Genesis' partners with innovative solutions such as GEM v4.0 "Software as a Service" represents a major breakthrough. Genesis' licensees and solution providers around the world will now be in a position to leverage this new platform.

About Genesis Worldwide Inc.

Genesis is a leading provider of green light steel building products, systems and technology targeted at the global commercial, residential and institutional building sectors. Genesis develops and delivers customized turnkey technology solutions including innovative light steel products, software packages, industrial equipment, training programs, professional services and support. Headquartered in the Greater Toronto Area in Ontario, Canada, Genesis has established a network of partners with engineering, manufacturing and distribution operations in Canada, the United States, the Middle East, Eastern Europe and Russia. 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