BOCA RATON, Fla., Sept. 30, 2011 /PRNewswire/ -- Genesis Group
Holdings, Inc. (OTCBB: GGHO) which operates through its wholly
owned subsidiaries, including Digital Comm, Inc. ("DCI"), and
Tropical Communications Inc., ("Tropical") is continuing to explore
other strategic acquisitions to help grow the Company.
The Company is currently engaged in discussions with several
telecom engineering firms based in the Southeast. Adding
additional engineering capabilities will enable the Company to take
on larger and more profitable work going forward. The
addition of Tropical has already provided positive results for the
Company with the start of work with DCI at the Miami International Airport. The Company
expects to provide greater detail on these discussions in the near
future.
Gideon Taylor, CEO of Genesis
stated: "By bringing these entities into our fold we will be better
able compete with our larger competitors for new and more
profitable business opportunities. We will continue to
strategically team up with companies that can provide immediate
benefits to our shareholders."
About Genesis Group Holdings, Inc.
Genesis Group operates through its wholly owned subsidiaries.
The Company provides turnkey operations in outside plant
construction, wireless infrastructure, voice-data network
technologies, utility infrastructure- water, sewer, electric, gas,
fiber/copper buried and aerial cable. It's subsidiaries have
master contracts with ATT, Verizon, and other communications
providers.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not based on historical
fact, as well as other statements including words such as
"anticipate," "believe," "plan," "estimate," "expect," "intend,"
"will," "could" and other similar expressions, constitute
"forward-looking statements" as that term is defined in Section 27A
of the United States Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, among other things, the
development, costs and results of new business opportunities.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that any beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in GGHO's annual report on Form
10-K for the most recent fiscal year, GGHO's quarterly reports on
Form 10-Q and other periodic reports filed from time-to-time with
the Securities and Exchange Commission.
Contact Information:
Lawrence Sands
Senior Vice President, Genesis Group Holdings, Inc.
561-988-1988
SOURCE Genesis Group Holdings, Inc.