Genesis Technology Group, Inc. (GTEC) - 500 Beiträge pro Seite

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Das Unternehmen:
Genesis Technology Group, Inc. (GTEC) ist ein internationales Unternehmen, welches die Zusammenarbeit zwischen US- und chinesischen Unternehmen fördert. Das Unternehmen hat eine Familie von auf den chinesischen Markt ausgerichteten Firmen und Dienstleistern geschaffen. Der Hauptsitz des Unternehmens ist in Florida, Büros in Kalifornien, Deutschland und in Shanghai, China. Das Management hat langfristige Ziele in China und unterhält eine Vielzahl von Partnerschaften mit chinesischen und US-Firmen.

Das Geschäftsmodell:
GTEC bietet sowohl amerikanischen als auch chinesischen Unternehmen eine Vielzahl von Dienstleistungen an, um zueinander zu finden. Hauptsächlich gliedert sich die Geschäftstätigkeit in die Bereiche Consulting, Investment und Venture Capital.

Der Umsatz:
In den ersten 6 Monaten 2003 erzielte GTEC einen Umsatz von ca 11 mio US$ im Vergleich zu ca. 5 mio US$ im selben Zeitraum des Vorjahres.

Die Aktie:
Bei einem Kurs von 0,165$ beträgt die derzeitige Marktkapitalisierung 5,4 Mio US$.
Die Aktie ist an der OTCBB gelistet. Die WKN ist 931506.

Die letzte PR:
Genesis Technology Group Signs Two US Companies; Education and Energy Major Concerns of the Chinese
Tuesday June 17, 7:02 am ET


BOCA RATON, Fla., June 17 /PRNewswire-FirstCall/ -- Genesis Technology Group, Inc. (OTC Bulletin Board: GTEC - News), the first US-based Trust Member of the Shanghai Technology Stock Exchange, announced the signing of contracts with two US companies: EduLink, Inc. (OTC Bulletin Board: MYIQ - News) and Alternate Energy Corporation (OTC Bulletin Board: ARGY - News).
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Genesis and EduLink have agreed that Genesis will oversee EduLink`s educational initiatives in China. Genesis and EduLink are in the process of constructing a master license and joint venture, which would make Genesis responsible for conducting all sublicensing activities in China, as well as providing all required support and maintenance. In return for Genesis` payment to EduLink of an advance against license fees which would be payable under the intended joint venture agreement, EduLink has agreed to refrain from entering into discussions with any other party during the next 90 days to the extent those discussions involve the implementation of EduLink`s technology in China.

The subject of the agreement is the implementation of EduLink`s Knowledge Sharing System in China, a system which is based on the integration of the three core foundations for digital asset and knowledge management: Storage & Retrieval, Repurposing and Distribution. The primary focus for the use of EduLink`s Knowledge Sharing System is currently the K-20 education market. EduLink`s suite of software was developed with the assistance of Science Applications International Corporation (SAIC), its system integrator and technology developer for over the last three years. SAIC is the nation`s largest employee-owned research and engineering company.

Genesis President Dr. James Wang said, "Our initial market research suggests a substantial demand in China for online distance education that is growing to a billions-of-dollars industry per year in China. We believe EduLink can penetrate the Chinese education market with their technology and we intend to work diligently to work out the terms of a joint venture and then move to bring EduLink`s unique system into China."

EduLink Executive Vice President Michael Rosenfeld said, "EduLink`s entry into the China markets must be carefully mapped out and executed. Genesis offers an extensive network in China. We certainly will use our best efforts to work out the details with Genesis over the next few months since we are confident that Genesis is the right company to lead us in our China initiatives."

Genesis will assist ARGY in fundraising and conduct China initiatives for technology transfer and licensing. Alternate Energy Corporation`s (AEC) patented technologies provide this increased power through reclaiming heat energy that is typically lost to the environment when producing electric power and reducing the cost. AEC technologies can enable the North American electric utility industry to produce more power without changing the industry`s current level of operating costs. AEC plans to collect a percentage of the new revenues generated by these utilities.

Dr. Wang said, "China is taking measures to promote energy conservation technologies to meet a tremendous demand for high-quality energy. China`s annual consumption of coal, which accounts for 76 percent of the country`s total energy resources for commercial use, is expected to triple by 2020, along with a rapid increase in the use of petroleum products."

AEC CEO Mr. Blaine Froats stated, "We at AEC are looking forward to a long and profitable relationship with the Genesis Technology Group, Inc."

About Genesis Technology Group, Inc.

Genesis Technology Group is a business development firm that fosters bilateral commerce between companies in the United States and Europe with those in China. Genesis has created successful profit centers in product development, manufacturing, distribution, joint ventures and operational services. Genesis has established effective working relationships with various governmental agencies, public institutions, and private industries in China at both national and provincial levels. For more information, visit http://www.genesis-technology.net.

About EduLink, Inc.

EduLink was founded with a mission to create a seamless, integrated, and dynamic education service that stores and retrieves, re-purposes, and distributes vast amounts of different types of digital assets, such as text, pictures, audio and video files, which can then be utilized as learning resources for either educational or business purposes. EduLink`s initial and primary goals are to help children learn more effectively and assist their educators in this quest. For more information, visit http://www.edu-link.com.

About Alternate Energy Corporation (AEC)

AEC owns patented technologies that enable electric utility companies and large multi-national industrial companies (petroleum, chemical, mining, steel, pulp and paper, manufacturing, etc.) to increase their power output in some cases by up to 50% with significant decrease in cost. This is accomplished without increasing the amount of fossil fuel that is used, which provides two additional benefits: less dependency on imported fossil fuels and lower fossil fuel pollution levels. Both the cost and availability of fuel, and protecting the global environment are currently two of the highest profile issues on North American agendas.

For more information, visit http://www.alternateenergycorp.com (it is under construction.)

This announcement contains forward-looking statements that 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 & Exchange Commission.

Contact:

Genesis Technology Group, Inc.
Kenneth Clinton, Executive Vice President
[e-mail]
Phone: [phone], ext. 302

This release was issued through eReleases(TM).
For more information, visit http://www.ereleases.com.


Source: Genesis Technology Group, Inc.

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Press Release
Source: Market Advisors

Market Advisors Initiates Coverage on Genesis Technology Group Inc. Short Term Price of $0.38
Wednesday June 25, 9:03 am ET


BOCA RATON, Fla.--(BUSINESS WIRE)--June 25, 2003--Market Advisors lead analyst, Jeff Helleberg has initiated coverage of Genesis Technology Group Inc. (OTCBB:GTEC - News). Mr. Helleberg confirms positive outlook on GTEC based on his analysis of the Company`s projected growth and fundamentals with a short term price of $0.38 per share.
Mr. Helleberg has been associated with the Market Advisors, a company that has been in business since the 70`s. During the late 1980`s and through the 90`s, Jeff was the editor of the nationally syndicated news letter called The Marketarian Letter. Under Mr. Helleberg`s guidance, The Marketarian Letter was rated numerous times by the Wall Street Journal, Hulbert Financial Digest and the Timer Digest, among others, as one of the best market timers, top bond timers and having one of the best model portfolios in the nation.

Mr. Helleberg stated "China`s unyielding march toward domination of global markets is ringing alarm bells among U.S. companies and beyond. Since its recent entrance into the World Trade Organization, China is now one of the four largest trading countries in the World. Market research continues to highlight China`s growing role as a buyer as well as a seller. For U.S. companies, China provides opportunities for product development, distribution, manufacturing, and other financial services-enhanced trading status for China means big business. Firms with reputations for successful ventures and notable contacts in the major municipalities of China, should see millions of dollars from joint ventures, acquisitions and fees from the most populous nation in the world".

GTEC`s Profit Centers are diversified; Product Development, Manufacturing, Distribution Partnerships and Joint Ventures, and Operational Services. GTEC`s business model includes offering development services to Companies that seek to capitalize on their products and solutions in China or the U.S. GTEC also makes investment in development and operation of some companies directly, and through a variety of capital arrangements.

For more information on GTEC go to www.genesis-technology.net

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company`s products, increased levels of competition for the Company, new products and technological changes, the Company`s dependence on third-party suppliers, and other risks detailed from time to time in the Company`s periodic reports files with the Securities and Exchange Commission.



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Contact:
Market Advisors
Jeff Helleberg, 800/382-4564
[e-mail]



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Source: Market Advisors