BOCA RATON, Fla., Dec. 26, 2006 (PRIME NEWSWIRE) -- Genesis Technology Group, Inc. (OTCBB:GTEC) announced that Mr. Robert D. Cain will be joining its Board of Directors, as an independent director for the Company. An international businessman with a successful career in the media industry, Mr. Cain brings to the Company his diverse and influential network from the United States, China, Russia and Europe.
Robert Cain has sixteen years' experience in the entertainment and Internet industries, primarily as a production, finance, strategy and corporate development expert. He has consulted to most of Hollywood's major studios and talent guilds, and to numerous entertainment, Internet and software industry startups.
Mr. Cain earned his MBA from the Wharton School at the University of Pennsylvania, after completing his undergraduate work in East Asian Studies at Harvard University.
Gary L. Wolfson, Chairman of the Board, remarked: "The Genesis Board could not possibly welcome a more accomplished and valuable new member. Rob Cain enjoys an international reputation in the media industry, a field of growing interest in China. Additionally, Rob can speak Chinese and is familiar with the challenges and opportunities that the 'new China' offers the world. His access to major funding sources, particularly interested in China, could enhance the Genesis partnering program designed to increase the value of qualified Chinese companies by accessing much-needed and deserved capital."
Mr. Cain, to be officially installed on January 1, 2007, joins Mr. Rodrigo Arboleda as the Board's newest independent directors. From his offices in Southern California, Mr. Cain commented: "It is a great honor for me to be invited to join the Genesis team in identifying and maximizing investment opportunities in China. I have been acquainted with the company for nearly five years now, and have been continually impressed by the energy, insight and professionalism that they bring to the challenge of building businesses in China. Genesis is exceptionally well positioned to leverage my experience in media and entertainment, and my contacts in international finance, and so I am greatly looking forward to playing a part in helping the company to achieve its goals."
About Genesis Technology Group, Inc.
Genesis Technology Group, Inc. ("Genesis" or "Genesis China") is a business development and marketing firm that specializes in advising and providing a turn key solution for Chinese small and mid-sized companies entering Western markets. We dedicate our expertise and capital resources to expand the potential of Chinese partner companies. We provide the marketing strategy, counsel, and plans to support our clients' business, financial, or marketing goals. We work closely with top management to define their strategy and business model to develop effective tactics to support business development. Our business mission is to create substantial, incremental stockholder value for emerging growth companies by executing strategy-driven programs that professionally incubate and mature Chinese companies and prepare them for Western markets. For more information, visit www.Genesis-China.net.
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