BOCA RATON, Fla., March 18, 2011 (GLOBE NEWSWIRE) -- Genesis Group Holdings, Inc. (OTCBB:GGHO) recently became current on its SEC filings. Yesterday, the Company was notified that its market maker obtained FINRA approval for quotation of the Company's common stock on the Over-the-Counter Bulletin Board.
The Company's transition from the OTC Pink Sheets to the OTCBB was facilitated by Pennaluna & Company, which filed the form 211 and will be the sole market maker on the OTC.BB for the next 30 days. Pennaluna is a FINRA broker-dealer and market maker that has specialized in the small cap market since 1926. For more information about trading GGHO stock through the OTCBB exchange may contact Pennaluna at (800) 541-5558.
About Genesis Group Holdings, Inc.Genesis Group operates through its wholly owned subsidiary, Digital Comm Inc. (DCI ). The Company provides turnkey operations in outside plant construction, voice-data network technologies, utility infrastructure- water, sewer, electric, gas, fiber/copper buried and aerial cable. DCI now has master contracts with ATT, Verizon, and other communications providers. Genesis and DCI are located in Boca Raton, Fla. FORWARD-LOOKING STATEMENTS The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements. Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. GGHO.PK intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause the Company actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in the Company's annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov
CONTACT: Lawrence Sands Senior Vice President, Genesis Group Holdings, Inc. 561-988-1988