SOURCE: Genesis Technology Group, Inc.

May 20, 2005 06:30 ET

Renowned Fashion & Beauty Design Firm -- Barbara Palacios Design Company -- Selects Genesis (Hong Kong) OEM Direct in Manufacturing/Sourcing Contract

BOCA RATON, FL -- (MARKET WIRE) -- May 20, 2005 -- Genesis Technology Group, Inc. (OTC BB: GTEC), through its new Genesis (Hong Kong) OEM Direct branch office, has accepted an assignment from the Barbara Palacios Design Company to source products in China for its renowned fashion and beauty product lines, to be displayed and sold in Barbara Palacios Signature Stores in the USA, and enhance the company's mission to create an affordable lifestyle for today's woman. Genesis management remains confident that its new Hong Kong import/export branch will add more than $6 million to its annual revenues that topped $23 million in the past fiscal year.

Ms. Maria Briceno, Director of Product Research & Development for the Barbara Palacios Design Company, stated: "We, at Barbara Palacios Design Company, are very excited that a renowned company such as Genesis Technology Group, Inc., and its top professional, Melanie Eckenroth, will be helping us to take full advantage of the wonderful opportunities with the fashion & style industry in the growing Chinese market. It is truly an honor for Barbara Palacios -- Miss Universe 1986 -- to be associated with this interesting new endeavor."

Genesis Sales & Marketing Director Melanie Eckenroth commented: "We are excited to be engaged by the Barbara Palacios Design Company. Barbara Palacios is a recognized and respected name in the fashion & beauty world, starting from the 1986 Miss Universe Pageant, which she won. Our new Hong Kong OEM branch will provide Genesis with a trading center for import/export operations, while southern China is the epicenter for the factories that we will utilize for manufacturing and sourcing products for our new contract client."

About the Barbara Palacios Design Company

The Barbara Palacios Design Company (BPD) offers fashionable and affordable products to complement the Life Style of Today's Woman. Barbara Palacios is a recognized name in the fashion and beauty industry, starting from her winning the 1986 Miss Universe Pageant. Barbara has been a highly recognized public spokesperson for major multinational organizations and "one of Latin America's best-loved and most successful beauty icons throughout the last decades." The brand "Barbara Palacios" is positioned as a symbol of style, good taste and consumer savvy. All BPD products are private labels conceived by a talented group of international designers and manufacturers. Featured products include, but are not limited to: quality body care; semi-precious jewelry; a collection of apparel separates; clothing accessories; and decoration items. The company presently has operations in Aventura, Weston, and Caracas and will be expanding in 2005 to new locations in Palm Beach and Miami-Dade Counties. Additionally, in the near future BPD will be making its line of products available both online in its new website, and through various wholesale outlets at a national level. For reference, visit www.barbarapalacios.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.

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