Enron Mail

From:contact@stockgenie.com
To:mike.carson@enron.com
Subject:GTEC- Closes 0 Million Dollar Acquisition
Cc:
Bcc:
Date:Mon, 26 Nov 2001 15:47:26 -0800 (PST)


If you are reading this message in plaintext or if you have an AOL address=
you must click on this link: http://www.stockgenie.com/news_releases/gtec=
_nr2.html The Stock Genie's SPECIAL ALERT (http://www.stockgenie.com/ )=
For distribution after the stock market close 5PM EST, MONDAY, NOVEMBER =
26, 2001=09
[IMAGE]=09


[IMAGE] [IMAGE] BREAKING NEWS ! Genesis Technology Group, Inc (OTC=
BB: GTEC) November 2001 Reasons to buy GTEC [IMAGE] 1. Recent=
ly acquired 80 % ownership in Shanghai G-Choice Science and Technology De=
velopment Company, LTD.- anticipated annual revenues of $25- $30 million, =
this year (2001), and profitable. 2. G-Choice has exclusive distribution=
rights for Intel and AMD CPUs in the eastern part of China and for Cyrix'=
s CPU in Shanghai. A population of over 300 million people. 3. G-Choice's =
sales in year 2000 were $13.8 million, with $380,000 in pre-tax net incom=
e (audited). In the first 6 months of 2001, G-Choice generated approximate=
ly $11.7 million in sales. Management expects the company to generate $25-=
$30 million in annualized sales by the end of this calendar year (2001), =
and profitable. 4. Recently Acquired Propamedia, Inc., a streaming media c=
ompany - anticipated annual revenues of about $3 million. 5. Profitable c=
ompany with strong recurring revenue streams. Total annual revenues expect=
ed to be over $40 million by close of fiscal 2002. SYMBOL: GTEC SHAR=
ES OUTSTANDING: 23mm FLOAT (est.): 3mm 52 WEEK HIGH/LOW: .74 - .02 SHOR=
T TERM PRICE PROJ.: $3.00 12 MONTH PRICE PROJ.: $8.00 [IMAGE] 6. Biot=
echnology subsidiary, Biosystems Technologies Inc., negotiating exclusive=
distribution rights for HIV/AIDS and Hepatitis products in China. 7. The=
Company is poised to capitalize on the anticipated economic explosion fr=
om China?s entrance into the World Trade Organization. 8. New Interactive=
Direct Marketing subsidiary, eSpectus Systems, Inc. entering multibillion=
dollar direct email market. 9. New management team with proven track reco=
rd of business success. 10. Potential company spin-offs mean shareholders =
gain stock in additional companies. [IMAGE] UPDATE Undervalued and =
overlooked? Since the original profile of GTEC several weeks ago, GTEC has =
made several significant press releases. According to GTEC management, wit=
h this acquisition if GTEC were on a calendar year and had all of their cur=
rent companies for the entire year, GTEC would have about $35,000,000 in re=
venues, with about $3,000,000 in earnings. For 2002 the numbers could be $=
75,000,000 in revenues with $10,000,000 in earnings. PRESS RELEASE =
FOR IMMEDIATE RELEASE GENESIS TECHNOLOGY GROUP INC. COMPLETES THE A=
CQUISITION OF SHANGHAI ZHAOLI SCIENCE AND TECHNOLOGY DEVELOPMENT COMPANY, L=
IMITED. WEST PALM BEACH, Fla.?(Business Wire) NOVEMBER 26, 2001-GENESI=
S TECHNOLOGY GROUP, INC. (OTC BB: GTEC-news) announced today that it ha=
s completed the acquisition of 80% ownership in Zhaoli Science and Technolo=
gy Development Company, Limited (Zhaoli), an Information Technology company=
located in Shanghai, China that specializes in software development and th=
e sale and servicing of technology products. Genesis Technology Group issue=
d 400,000 restricted shares in exchange for 80% ownership of Zhaoli. Found=
ed in early 1999, Zhaoli has realized substantial growth over the past thre=
e years. The company currently has approximately 65 employees located at se=
ven branches and exclusive stores in Shanghai. In addition, it has establis=
hed subsidiaries in Hangzhou, the capital of Zhejiang Province and Nanjing,=
the capital of Jiangxi Province. In 2000, Zhaoli realized gross sales of o=
ver US$10 million, up 100% from its sales of $5 million in 1999, with doubl=
e-digit earnings growth. The company achieved approximate US$12 million in =
sales in the first ten months of 2001. Zhaoli has been appointed as a tech=
nical service center and special maintenance center for Epson, Canon, Hewle=
tt-Packard and OKI products. Technical support and after-sales services are=
two strong facets of Zhaoli?s business. In addition, the company has devot=
ed significant resources to the development of proprietary software product=
s including an e-learning software program for K-12 education in China, one=
of the largest software markets in the world. The program offers a full li=
ne of training and education programs delivered on the Internet. "We are e=
xcited about joining the Genesis Family of companies," commented Mr. Wuzhan=
g Wang, CEO and President of Zhaoli. "As a fast growing technology company,=
we can benefit greatly from the additional management experience and inter=
action with other related companies within the Genesis Family. With joining=
the Genesis Family, we are able to access the US capital markets when we n=
eed to expand our business to the next level. This is a logical step in ta=
king the company to even greater heights". Dr. James Wang, CEO and Preside=
nt of Genesis said, "We are pleased to have another excellent company join =
our family. The acquisition of Zhaoli is another important step in the impl=
ementation of our business model. Our goal is to acquire only profitable co=
mpanies for the Genesis Family. This acquisition adds one more revenue str=
eam for GTEC as well as significantly increases our market presence in Chin=
a, which will become increasingly important with its admittance into the Wo=
rld Trade Organization. We also see synergistic business relationships betw=
een Zhaoli and other subsidiaries within the family." ABOUT GENESIS =
TECHNOLOGY GROUP, INC. The mission of Genesis Technology Group, Inc. is=
to accelerate the success of technology companies by acquisition and deve=
lopment. The Company develops, invests in, and operates high technology r=
elated companies in the US, China, Taiwan, Hong Kong and Singapore. The Co=
mpany strategy includes the internal development and operation of subsidia=
ries within the Company corporate family, as well as investment in other t=
echnology companies directly, and through other venture capital arrangemen=
ts. The Company strategy also envisions and promotes opportunities for sy=
nergistic business relationships among all of the companies within its fam=
ily. For more information, please visit: http://www.genesis-technology.net =
ABOUT SHANGHAI ZHAOLI TECHNOLOGY DEVELOPMENT COMPANY, LIMITED Sh=
anghai Zhaoli Technology Development Company, Limited is an Information Tec=
hnology enterprise that integrates sales and technology with services. Curr=
ently, its sales cover printer, copier, scanner and network products, as we=
ll as network integration. The company also develops proprietary software s=
ystems, such as its e-learning software for K-12 education in China. The co=
mpany has seven branches and exclusive stores in Shanghai and a strong and =
growing presence throughout eastern areas of China. More information is ava=
ilable at the company?s Web site, located at http://www.zwin.net. [IMAGE]=
This announcement contains forward-looking statements that involve risks =
and uncertainties, including those relating to the company's ability to gro=
w its business and in particular to successfully identify, acquire and inte=
grate new acquisitions. Actual results may differ materially from the resul=
ts predicted and reported results should not be considered as an indication=
of future performance. The potential risks and uncertainties include, amon=
g others, the company's limited operating history, the limited financial re=
sources, domestic or global economic conditions, activities of competitors,=
the presence of new or additional competition, and changes in Federal or S=
tate laws or the laws of foreign countries that affect its subsidiaries 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 com! pany's filings, available via the Securities & Exchange Commis=
sion. [IMAGE] Safe Harbor Statement: [IMAGE] This press release c=
ontains forward-looking statements within the meaning of Section 27A of th=
e Securities Act of 1933 and Section 21E of the Securities Act of 1934. Su=
ch forward-looking statements involve risk and uncertainties, which may ca=
use the actual results or objects to be materially different from those e=
xpressed or implied by such forward-looking statements. Such factors inclu=
de, among other things, the Company's financial performance, changes in th=
e competitive environment, adverse changes in the economy, ability to main=
tain long-term relationships with customers and financing requirements. Ve=
ctor Holdings, Inc. has compensated Market Voice, Inc. for public relation=
s and shareholder relations, and website services in the last 12 months. =
For complete financial disclosure information, please visit www.smallcapne=
wswire.com . Disclaimer: [IMAGE] Stock Genie (SG) publishes reports prov=
iding information on selected companies that SG believes has investment po=
tential. SG is not a registered investment advisor or broker-dealer. This=
report is provided as an information service only, and the statements and=
opinions in this report should not be construed as an offer or solicitati=
on to buy or sell any security. SG accepts no liability for any loss arisi=
ng from an investor's reliance on or use of this report. An investment in =
GTEC is considered to be highly speculative and should not be considered =
unless a person can afford a complete loss of investment. SG has been hire=
d by a third party consultant, and is contracted to receive 150,000 free t=
rading shares of common stock for the publication and circulation of this =
report. SG intends to sell all or a portion of the of the GTEC stock at or=
about the time of publication of this report. Subsequently SG may buy or=
sell shares of GTEC stock in the open market. This report contains forwar=
d-looking statements, which involve risks, and uncertainties that may caus=
e actual results to differ materially from those set forth in the forward-=
looking statements. For further details concerning these risks and uncert=
ainties, see the SEC filings of GTEC including the company's most recent a=
nnual and quarterly reports. For further details of Stock Genie's disclai=
mer policies and a full profile of the company, go to www.stockgenie.com/c=
urrent_profile.htm You are currently subscribed to The StockGenie's maili=
ng list as: MIKE.CARSON@ENRON.COM To unsubscribe, click on the following li=
nk: Unsubscribe MIKE.CARSON@ENRON.COM To change your e-mail address, clic=
k here: Change address -- =09