WASHINGTON, Aug. 8, 2006 (PRIMEZONE) -- Genesis Technology Group, Inc. (OTCBB:GTEC) announced that it has become a member of the United States Chamber of Commerce, the world's largest business federation representing more than 3 million businesses of all sizes, sectors, and regions. Commencing this month, Genesis and affiliate websites, literature, business cards and collateral materials will display the membership logo of the U.S. Chamber of Commerce.
From Beijing, Dr. Shaohua Tan, Genesis Director of China Operations, observed: "Our membership in the U.S. Chamber of Commerce will have a tremendously positive impact on our programs in China. On the governmental side, it is a certainty that the Ministry of Commerce and other regulatory agencies will be most impressed that Genesis has obtained such status."
Gary L. Wolfson, Company CEO, added: "We have multiple purposes in joining the U.S. Chamber of Commerce, but, certainly, the most important one will be the enhancement to our China programs. The Chamber's prestige and influence carries great weight globally, but no place greater than in China. Beneficially, our partner companies -- such as Lotus Pharmaceuticals and Gold Horse International -- can share in this membership and branding."
Mr. Wang Shi Kuan, Director of the Investment Association of China, who is also the former Director General of Small and Medium Enterprise Bureau, State Commission for Planning and Development of the Central Government, commented: Genesis Equity Partners' "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."
About the United States Chamber of Commerce
The U.S. Chamber of Commerce is the world's largest business federation representing more than 3 million businesses of all sizes, sectors, and regions. It includes hundreds of associations, thousands of local chambers, and more than 100 American Chambers of Commerce in 91 countries. From its headquarters near the White House, the Chamber maintains a professional staff of more than 300 of the nation's top policy experts, lobbyists, lawyers, and communicators. The Washington staff is supported by eight regional offices around the country; offices in New York and Brussels; an on-the-ground presence in China; and a network of grassroots business activists. For more information, visit www.uschamber.com
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 and www.GEP888.com
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements 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 and Exchange Commission.