GTEC.OB

[evgeny05]

Hi !

Genesis Technology Group Signs Letter of Intent to Sell Subsidiary for $500,000 in Stock Transfer
Sep 28, 2005 6:30:00 AM
2005 PrimeZone Media Network
BOCA RATON, Fla., Sept. 28, 2005 (PRIMEZONE) -- Genesis Technology Group, Inc. (OTCBB:GTEC), announced the signing a letter-of-intent with a U.S. public company to sell its 80% ownership of Shanghai Chorry Technology Development Company, Limited (also known as "Zhaoli").

The proposed purchaser would issue $500,000 worth of common shares as consideration. In addition, any debt related to registered capital in Chorry, as required by Chinese law, would be assumed by the purchaser.

Commented Genesis CEO Gary Wolfson: "We will ask our shareholders to vote in favor of this transaction. Management believes it is a sound decision for the Company, as we have refocused on the Western capital markets for Chinese companies and operating an active trading company from our Hong Kong office. Our primary goal remains in sourcing a strong merger candidate for the Company to give both profitability and sustainability. We believe that this sale, if approved, could enable the Company to complete this program and add substantially to shareholders' value.

"In summary, the sale of this subsidiary could have, at least, two beneficial effects: first, it should enable the Company to advance its own M&A strategy; and second, it will move the Company away from an industry-office equipment, computer hardware and software-that is extremely competitive with razor thin margins.

"To consummate this transaction, management shall negotiate a definitive purchase agreement, subject to the approval of Genesis shareholders," concluded Mr. Wolfson


Good luck.
Evgeny.

[gmarc66]

News  this a.m may be good enough to cause this chart to reverse?

2005-11-03 07:00:16 

Genesis Technology Group Selected by Shanghai Aerospace to Lead U.S. Initiative in Distance Learning Program 



BOCA RATON, FL -- (MARKET WIRE) -- 11/03/05 -- Genesis Technology Group, Inc. (OTC BB: GTEC)
announced that it has been selected by China Vocational Education Satellite
Network to lead its U.S. initiative in distance learning. Genesis
management estimates that the contract could have a value exceeding $5
million in profits for the Company in an industry estimated to yield
billions of dollars globally.



Mr. Hong Kang, Chief Executive Officer of the CVE Satellite Network,
commented: "We selected Genesis because of its management's long-term
success in bridging Chinese and Western business interests. We are
confident that Genesis can source our educational partners at major U.S.
universities, hospitals, and private companies. More than distance
learning, we also believe that the CVE programs can result in better
understanding and cooperation among peoples in different countries."





Genesis Project Manager KeKe Zhang interjected: "China Vocational Education
Satellite Network is the premier distance learning platform sponsored by
the National Center for Education Development & Research of Ministry of
Education of People's Republic of China, owned and operated by Shanghai
Aerospace Computer System Engineering Co., Ltd.



"Genesis' role is clear: we will secure the educational partners for the
CVE programs, and the tuition-based courses will educate students and
professionals regardless of time zone or geographic location. Genesis
benefits by receiving a designated portion of each CVE contract," explained
Ms. Zhang.



Continued Mr. Kang: "With a curriculum covering medical, management,
engineering, spirituality, marketing, accounting, business and finance, and
more, CVE will create global classrooms through distance learning programs
that target a registered student body numbering in the tens of millions."



About Genesis Technology Group, Inc.



Genesis Technology Group, Inc. is a business development firm that fosters
bilateral commerce between Western and Chinese companies. Genesis has
created successful profit centers in product development, manufacturing,
distribution, joint ventures and operational services. The Company has
fully staffed offices in the United States, Hong Kong and China. Genesis
has established effective working relationships with various governmental
agencies, public institutions, and private industries in China. In
addition, the company acquires and invests in innovative technology
companies in China or forms joint ventures with both Western and Chinese
companies, focusing on emerging technology and natural resource industries.
For more information, visit www.genesis-technology.net

[sebfr]

We have the same idea !!!

Technicals :
+DI IS VERY LOW !!! < 10..Very rare...
Divergence in ROC

[poorman1]

I don't know much about the technicals, but I do believe the fundamentals support a much higher Enterprise Value than $1.8 MM.     The company isn't far from break-even and revenues are $24MM.

If they only had China in their name. 

Excellent find.

poorman1

[poorman1]

Up 31% today.  Volume not all that great, but it's a start.

NEWS today also:

Genesis Management Posts Letter to Shareholders With Near-Term Profitability as the Major Goal
Tuesday November 8, 7:00 am ET

BOCA RATON, FL--(MARKET WIRE)--Nov 8, 2005 -- Genesis Technology Group, Inc. (OTC BB:GTEC.OB - News) posted on its website a "Letter to Shareholders" that addresses the current state of the Company, with a retrospective, present status, and forecast for the future. The most positive aspect of the communication states that a "transformative merger," still in negotiations, with a major Chinese company could "vault the Company to sustained profitability, with brand recognition that is designed to 'go global'."

As to present action: Disposing of Chorry Technologies, the company's 80% owned subsidiary, is addressed and the Board of Directors holds the position that Chorry has been under performing for a myriad of reasons. The sale would result in the Company receiving $500,000 in common stock from another public company, which operates as a holding company of Chinese enterprises. Management and the Board of Directors strongly believe that this sale would be beneficial to the Company and its shareholders, especially in light of a prospective merger with another major Chinese company.

The letter concludes: "We are moving forward with our plan to integrate all of our operations into an enterprise that will be a premier provider of management services, assisting Chinese companies trying to penetrate US markets, and our outlook for the year is optimistic. We are excited about our growth opportunities and look forward to translating those opportunities into increased shareowner value." The letter in its entirety may be accessed at www.genesis-technology.net

[poorman1]

Appears to be blue skies past $.05 up to $.07 on LEVEL II. 

[poorman1]

GTEC is making me very pleased.  I decided to overweight this one with 15% of my portfolio value and looks to be paying off.  Fundamentals, news and technicals all look very strong.

Here are the updated 2-year and 3-month charts 

[poorman1]

News after market close:

http://biz.yahoo.com/iw/051121/0101971.html

Genesis Announces World Bank Group Invests $4.6 Million in New Chinese Distance Learning Project
Monday November 21, 5:00 pm ET


BOCA RATON, FL--(MARKET WIRE)--Nov 21, 2005 -- Genesis Technology Group, Inc. (OTC BB:GTEC.OB - News) announced that the World Bank Group has invested $4.6 million in the China Vocational Education Satellite Network, the contract partner to its new subsidiary, Genesis Distance Learning Division (GDLD). Genesis management has estimated that its contract could have a value exceeding $10 million in profits for the Company in an industry estimated to yield billions of dollars globally.

Mr. Hong Kang, Chief Executive Officer of the CVE Satellite Network, commented: "Genesis management, with long-term success in bridging Chinese and Western business interests, should play a key role in our success in the United States. We are confident that Genesis can source our education partners at major U.S. universities, hospitals, and private companies. More than distance learning, we also believe that the CVE programs can result in better understanding and cooperation among peoples in different countries."

GDLD project manager, Ms. KeKe Zhang added: "We are impressed that the World Bank Group, through its International Finance Corporation, has invested $4.6 million in the CVE distance learning program. The confidence of this august body demonstrates the importance of the global education program."

Explains the International Finance Corporation: "The IFC promotes sustainable private sector investment in developing countries as a way to reduce poverty and improve people's lives. IFC is a member of the World Bank Group and is headquartered in Washington, D.C." (For more information, see www.ifc.org)

Ms. Zhang continued: "With the backing of the World Bank Group and IFC, the CVE program has moved to a different level. Genesis has been nearly overwhelmed by the interest this distance-learning program has caused, since our initial announcement in early November. The $10 million in profits, forecast over the life of the CVE contract, may prove to be conservative."

About the World Bank Group

The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense. The World Bank is made up of two unique development institutions owned by 184 member countries--the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Each institution plays a different but supportive role in its mission of global poverty reduction and the improvement of living standards. The IBRD focuses on middle income and creditworthy poor countries, while IDA focuses on the poorest countries in the world. For more information, visit www.worldbank.org

[wrangler]

I applaud you evgeny05 for you're pick GTEC. Did anybody get in before the run up. It should continue to go up and maybe make a few rebounds before the MACD and blue MA line crosses back down below volume indicator in the MACD box below the chart. Wish I had some funds for I would buy into this one and wait for rebound to sell.
Goodluck trading to all

[Lucas Scott]

Seeing a thread on this ol' dog takes me back. I bought the top back in Feb 04 at .45. Sold half for a 35% loss and let the other half "run" which turned into a a 65% loss Would be nice to make back some of that loss. Not convinced that now is the time to jump back in. If RSI can break resistance at 50 on the weekly for the first time in two years, I might throw some money at it. This is the third test of 50 in the last 18 months. Watching...

[setravis]

Boom Boom, Zoom Zoom ..... 

[setravis]

Press Release Source: Genesis Technology Group, Inc.


Genesis Equity Partners Acquires Interest in Chinese Real Estate Development Company
Thursday February 2, 7:00 am ET


BOCA RATON, Fla., Feb. 2, 2006 (PRIMEZONE) -- Genesis Technology Group, Inc. (OTC BB:GTEC.OB - News) announced that its subsidiary, Genesis Equity Partners, LLC, signed a contract with The Jin Ma Group Company, Ltd., a real estate development company in Western China, to globalize its operations in the areas of real estate, construction, and hospitality. To be known as Gold Horse International, Inc., the three divisions reportedly grossed over $20 million in revenues, almost $2 million in net profits in 2005, plus net assets exceeding $10 million. Genesis Equity Partners will receive a significant equity position in Gold Horse and ongoing consulting fees for coordination and oversight of its U.S. business activities.
GEP Director, Dr. Joshua Tan in Beijing, said: ``Over the past three months, we screened about 10 Chinese companies, seeking the best candidates that desired to be a public U.S. entity. Gold Horse, named for a famous mountain in Western China, became GEP's top selection. It has excellent management, superior relations with the provincial government, and has consistent and increasing profitability in one of China's most alluring sector, construction and real estate.

``Many of our initial Chinese clients from this program have flourished. Sunwin International Neutraceuticals, Inc. (OTC BB:SUWN.OB - News) and Telecom Communications (OTC BB:TCOM.OB - News) experienced tremendous market success. Gold Horse is considerably our best and most exciting client to date,'' concluded Dr. Tan.


Mr. Yang Liankuan, CEO of The Jin Ma Group, explained: ``We are confident that Gold Horse International, comprised of three profitable divisions in high growth industries, will prove appealing to the Western investment community. Genesis provides a program that is superior to others, and Jin Ma appreciates its management having focused exclusively on China for almost 14 years. We met with Dr. Tan in Beijing, and we are confident that Jin Ma will enjoy a long-term, prosperous relationship with Genesis.''

About The Jin Ma Group Company, Ltd.

The Jin Ma Group Company, Ltd., founded in 1980, is a real estate and construction company located in Inner Mongolia. The Company is recognized as a Level II national construction company. Jin Ma currently has 938 employees. It has achieved ISO9001, ISO14001, and GB/T28001 standards. Gold Horse International will be a U.S.-established corporation that includes three Jin Ma subsidiaries: construction, real estate, and hospitality. For these companies, revenues for 2003-2005 exceeded $43 million, with net profits of about $4 million. Net assets of Gold Horse exceed $10 million, based on the most recent appraisals.

About Genesis Technology Group, Inc.

Genesis Technology Group, Inc. is a business development firm that fosters bilateral commerce between Western and Chinese companies. Genesis has created successful profit centers in product development, manufacturing, distribution, joint ventures and operational services. The Company has offices in the United States and China. A 75% owned subsidiary of Genesis, Genesis Equity Capital, LLC assists Chinese and Western companies in formulating strategies to increase equity value, while targeting Western stock exchanges as a source of capital and shareholder support. The core strength of GEP management is creating a first rate plan to create investor awareness and bring in long-term individual and institutional investors. GEP should create liquidity in the stock and gain investor awareness by using tested channels of communications by cogently articulating the companies' stories. GEP has built successful channels with expertise in screening and selecting Chinese companies that possess solid business histories and professional management, and North American public companies and shells that possess a shareholder base and a history of auditing and filing, as required by the U.S. Securities & Exchange Commission. For more information, visit http://www.genesis-technology.net.

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.


Contact:
         Genesis Technology Group, Inc.
         Kenneth Clinton
         (561) 988-9880


--------------------------------------------------------------------------------
Source: Genesis Technology Group, Inc.

[metro]

Very nice break out at 10 cents and ran up tp .15 - I only put it on my "china" play list yesterday

http://stockcharts.com/def/servlet/SC.web?c=usxp,uu[e,a]daclyyay[dc][pc50!c200!d20,2!c9!f][vc60][ila10,20,5!lb14!lh14,3][J70178068,Y]&listNum=21

[gmarc66]

Held up well on great vol..nice gains.

Elite g says its in a g-pattern..however he says it may have over supply..not sure what that is, but anyone read more in his thread G-place in the $1000000 main thread.

I may look to get in if i can free up some cash.

glta

julia

[gmarc66]

Hey....we forgot to post that news that caused the rock'n and a rollin today   Closed up 70% today.


Wednesday, February 22 2006 6:30 AM, EST

Genesis Technology Group's First Quarter 2006 "Shows Significant Improvement" and Reaches Breakeven Status and Profitability Forecast
>BOCA RATON, Fla., Feb. 22, 2006 (PRIMEZONE) -- Genesis Technology Group, Inc. (OTCBB:GTEC), a business development and marketing firm that specializes in procuring opportunities in China, released its 10-QSB for the first quarter 2006. The results, in the view of management, have positioned the Company to reach profitability and positive cash flow in the next quarter.

CFO Adam Wasserman reported: "The financial condition of the Company, from the first quarter 2005 to the first quarter 2006, shows significant improvement. For the three months ended December 31, 2005, we reported a net loss of $223,123 or $(0.00) per common shares compared to a net loss of $1,144,716 or $(0.02) per common share for the three months ended December 31, 2004, a decrease of $921,593. For the three months ended December 31, 2005, our total operating expenses decreased by $894,749 compared to the three months ended December 31, 2004.

"This progress positions Genesis to reach profitability with its GEP profit center and other business development contracts showing good promise. In addition, the Company's stock holdings in SunWin (OTCBB:SUWN), Dragon Capital (Pink Sheets:DRGV), and other publicly trading companies have shown positive trends that could move Genesis to profitability and positive cash flow in the 2nd quarter 2006," concluded Mr. Wasserman.

Kenneth Clinton, Company President, who will be departing for China to meet with the previously announced (10-KSB 2005) merger candidate: "We have conducted three productive in-person meetings with our potential merger partner-in Gansu Province in China, in San Francisco and at our Florida headquarters-and we are confident that the March meetings in China could prove conclusive."

About Genesis Technology Group, Inc.

Genesis Technology Group, Inc. (also referred to as "Genesis China") is a business development firm that fosters bilateral commerce between Western and Chinese companies. Genesis has created successful profit centers in product development, manufacturing, distribution, joint ventures and operational services. GTEC supports the complete circle for Chinese companies entering the public market through its various subsidiaries. Genesis has established effective working relationships with various governmental agencies, public institutions, and private industries in China. In addition, the company acquires and invests in innovative technology companies in China or forms joint ventures with both Western and Chinese companies, focusing on emerging technology and natural resource industries. For reference, visit http://www.genesis-china.net