NEW YORK, March 1, 2010 (GLOBE NEWSWIRE) -- Genesis Group Holdings, Inc. (Pink Sheets:GGHO) has appointed Gideon Taylor CEO and Chairman of the company. Mr. Taylor became CEO in Aug 09 and has expanded the operations by over $7,000,000 in backlog contracts. With the help of Billy Caudill (CEO Digicom), he expects to be able to purchase at least two (2) additional companies this year and pick up an additional $9,000,000 in construction contracts. Mr. Taylor stated that the company is working with the management of the targeted companies to put together LOIs. More information will be released as the company receives permission.
Forward-Looking Statements:
This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. This press release in no way constitutes any recommendation regarding the securities of GGHO or its affiliates. Any person reading this release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of GGHO, and no inference has been made that this release contains all such information.