Genesis Program Supported by Government and Industry Officials at Launch Event in Beijing


BEIJING, June 2, 2006 (PRIMEZONE) -- Genesis Technology Group, Inc. (OTCBB:GTEC) launched its "Mutual Growth Investment Program for Small and Medium Chinese Companies" at a large media event in Beijing on May 23rd. The conference took place at the historic and venerated Diao Yu Tai State Guest House, which has hosted heads of state from around the world for over a century.

More than 100 attendees listened attentively as Genesis CEO Gary Wolfson explained the unique Genesis Equity Partners program of cooperation that has enabled qualified Chinese companies to benefit from the U.S. stock markets, with Gold Horse International and Lotus Pharmaceuticals the most recent of these mergers. To the benefit of its own shareholders, Genesis forecasts profits of $2 million for each completed program, with about six mergers to be finalized each year.

Editor-in-Chief of the "China Business Post" (known in the West as the "Financial Times") Mr. Niu Wenxin praised the program: "One of few investment programs targeted at the good small and medium companies in China that are already on the growth path and need investment to expend further, (GEP) is bound to generate a huge impact in the Chinese business community."

Mr. Wang Shi Kuan, Director of the Investment Association of China, who is also the former Director General of Small and Medial Enterprise Bureau, State Commission for Planning and Development of the Central Government, stated: GEP's "investment program is in line with the government policy to provide win-win investment opportunities to grow quality small and medium enterprises. It will be very well received by good small and medium size companies across China."

Director of China Operations, Dr. Shaohua Tan, summarized: "This was a huge event, held at one of China's most prestigious locations. After the formal presentation, a press conference, with many of the country's most renowned, financial newspapers and magazines, enabled Genesis management to answer questions about our innovative and successful partnering program. We anticipate that each completed merger could result in profits of $2 million for Genesis, and the deal flow is exceeding our most optimistic forecasts.

"Lotus and Gold Horse are in the auditing stage, and we will be announcing new partner companies in the coming months. The Genesis business model is gaining attention and support both in the U.S. and China. A video of the Beijing conference is accessible at our website www.genesis-china.net," concluded Dr. Tan.

About Genesis Technology Group, Inc.

Genesis Technology Group, Inc. markets, builds, and obtains equity interest in small and medium Chinese companies. The Company has created successful profit centers by incubating Chinese companies in a wide range of sectors, creating "partner companies." The team at Genesis dedicates its expertise and capital resources to expand the potential of these enterprises. To help drive the success and profitability of such partner companies, Genesis provides abundant resources and proficiency to maximize their leadership potential in China and helps position them to create high-margins, with increasing and predictable earnings. The Company has offices in the United States and China. For more information, visit www.genesis-technology.net.

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