Genius World Investments Limited

July 15, 2008 16:01 ET

Transfer of Escrow Shares of Genius World Investments Limited

RICHMOND, BRITISH COLUMBIA--(Marketwire - July 15, 2008) - Further to disclosure requirements of applicable securities laws, Sheng Wang reports that on July 9, 2008, pursuant to a transfer of common escrow shares ("Common Shares") Sheng Wang, President, CEO & CFO acquired beneficial ownership of 800,000 Common Shares of Genius World Investments Limited (the "Company") from Dongdong Huang pursuant to a Share Purchase Agreement dated May 28, 2008, representing 20% of the issued and outstanding Common Shares of the Company. The TSX Venture Exchange Inc. consented to the transfer of escrow shares on June 11, 2008.

Immediately following the transfer of the escrow shares, Sheng Wang beneficially owns 1,700,000 Common Shares representing 42.5% of the issued and outstanding Common Shares or 40.48% of the Common Shares on a fully diluted basis.

Sheng Wang, together with his spouse Fenghui Wang, beneficially owns 1,740,000 Common Shares representing 43.5% of the issued and outstanding Common Shares or 41.43% on a fully diluted basis.

Sheng Wang and Fenghui Wang may increase or decrease their investment in the Company depending on market conditions or any other relevant factors.

This press release is issued pursuant to section 176 of the Securities Act (Alberta) and section 111 of the Securities Act (British Columbia), which also require a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear with the Company's documents on the SEDAR website, at www.sedar.com.

Sheng Wang

Contact Information

  • Genius World Investments Limited
    Sheng Wang
    President, CEO & CFO
    (604) 773-1339
    Email: wangworks@gmail.com