This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Genesis Group Holdings, Inc. Finalizes Agreement To Acquire Tropical Communications, Inc.

BOCA RATON, Fla., Sept. 15, 2011 /PRNewswire/ -- Genesis Group Holdings, Inc. (OTCBB: GGHO) which operates through its wholly owned subsidiaries, including Digital Comm, Inc. (DCI), has finalized its agreement to acquire Tropical Communications Inc., a Miami, Florida based company. Closing on the purchase is expected to occur within the next week.  Tropical Communications Inc., a State licensed Low Voltage and Underground Utility Contractor, will add close to $2 million in revenues to the Company's consolidated reports for 2011.

As previously reported, the purchase of Tropical is a stock based transaction with an earn-out.   There was no initial cash outlay by the Company.  Tropical has a strong reputation in telecommunications infrastructure and will be able to assist DCI with much of its work in South Florida.  Gideon Taylor, CEO of Genesis stated: "By bringing Tropical Communications into our fold we will be able to immediately expand the customer base of the Company and collectively pursue new opportunities.  We will continue to strategically team up with those companies that can provide immediate benefits to our shareholders."

About Tropical Communications Inc.

Tropical Communications Inc. is a State licensed Low Voltage and Underground Utility Contractor.  Tropical specializes in commercial installations, office buildings, hotels, restaurants, stores, schools and government buildings.  Tropical is currently the primary voice and data vendor for Miami-Dade County Public Schools.  It also has master contracts with major telecommunications providers.  Tropical's services include any and all types of communications wiring, splicing and testing as well as wireless services.

About Genesis Group Holdings, Inc.

Genesis Group operates through its wholly owned subsidiaries. The Company  provides turnkey operations in outside plant construction, wireless infrastructure, voice-data network technologies, utility infrastructure- water, sewer, electric, gas, fiber/copper buried and aerial cable.  Its subsidiaries have master contracts with ATT, Verizon, and other communications providers.  

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs