BOCA RATON, Fla., Nov. 8, 2006 (PRIMEZONE) -- Genesis Technology Group, Inc. (OTCBB:GTEC) announced that Mr. Rodrigo Arboleda has joined its Board of Directors as an independent director for the Company. An international businessman with a strong tie to the Massachusetts Institute of Technology, Mr. Arboleda possesses decades of experience and a unique professional network.
Appointed as a Visiting Scholar of the MIT Media Lab, Mr. Arboleda has served as:
-- Director for the application, in the Latin America region, of the
ideas, concepts and projects developed at the Lab, especially in
the Computers, Children and Developing Nations project, also
known as the Digital Nations Consortium.
-- Director in the development of the E4P (Education for Peace)
project, or the use of education in the consolidation of peace in
areas of conflict. This is part of the Digital Nations effort.
-- Board Member and former CEO of the 2B1 Foundation, a non-profit
foundation, which will be in charge of implementing many of the
Research and Development inventions for the Digital Nations
project. As such, Mr. Arboleda actively participates in the
promotion of the One Laptop Per Child Foundation initiative, a
non-profit organization ("OLPC"), whose main product is the
Hundred Dollar Laptop ("HDL"). Its ultimate goal is to provide
individual access to knowledge to the children of the world, via
high-speed, broad-band Internet.
Additionally, Mr. Arboleda has built a strong resume in the corporate sphere, as Executive Vice President of the Ogden Corporation, CEO of Tampa Airlines, Turbana Corporation, both in the USA, and now partner in Miami-based Globis Group, LLC. Globis is a business development firm for the Ibero-American market, China and the United States. Among its current projects is securing a network of distributorships in Latin America for AMI-First Automotive Works ("FAW"), the largest vehicle manufacturer in China. In addition, Globis seeks opportunities for the Exxel Group, a large private equity fund based in Argentina. Mr. Arboleda's partner at Globis is former U.S. Ambassador V. Manuel Rocha.
Mr. Gary L. Wolfson, Chairman of the Genesis Board of Directors, remarked: "In the interest of responsible corporate governance, the Board intends to expand the role of independent directors. We could not imaginably find a better choice than Rodrigo Arboleda. From his graduating from M.I.T. to leading major corporations to his creating global initiatives for education, Mr. Arboleda will prove a great asset to the Board and all Genesis shareholders."
Mr. Arboleda commented: "I am deeply honored to be appointed to the Board of Genesis Technology Group, where I intend to bring my independent, international business experience to the Company and cooperate in its next phase of expansion and growth. Genesis has already matured into a full-fledged company, where many attractive future business opportunities will be presented and developed. Being a part of this process, especially in a region of the world that is becoming the next big frontier of interesting projects, is an opportunity of a lifetime. I want to be part of this new endeavor and look forward to an intensive and rewarding participation in such a structure."
About Genesis Technology Group, Inc.
Genesis Technology Group, Inc. (d/b/a Genesis China and GTEC) is a U.S. public company that earns, enhances and markets equity positions in small to mid-sized Chinese enterprises. Commitment, dedication, and expertise are the key components to the Genesis "Mission Statement." It has created a successful profit center by incubating Chinese companies in a wide range of sectors, creating so-coined "partner companies." Genesis makes a long-term commitment with management consultation, board of directors composition, creation and implementation of successful business models, which include expansion of markets in China and abroad. To help drive the success and profitability of these operations, Genesis provides resources and proficiency to maximize partners' leadership potential in China and attempts to increase high-margin, predictable earnings. For more information, visit http://www.Genesis-China.net.
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