Work At Miami International Airport Expected To Begin Next Week.
BOCA RATON, Fla., Sept. 27, 2011 /PRNewswire/ -- Genesis Group Holdings, Inc. (OTCBB:GGHO) ("GGHO" or the "Company") through Digital Comm Inc. ("DCI") and newly acquired Tropical Communications Inc. ("Tropical") expects to begin work at Miami International Airport by Monday. As previously reported, the project is for the installation of fiber and coax cable throughout MIA. The first phase, expected to take little more than 3.5 weeks, is for the completion of the Distributed Antenna System in Terminals H and J, South Terminal, at MIA. The work is expected to continue on a phased in basis over the course of the next twelve months and is valued at more than $1 million to the Company.
Billy Caudill, President of DCI commented that: "This contract is one of many contracts that we were looking to implement before the end of the year. With the amount of work in process on our other contracts, we are looking forward to a strong fourth quarter."
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 AT&T, Verizon, and other communications providers.. FORWARD-LOOKING 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" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in GGHO's annual report on Form 10-K for the most recent fiscal year, GGHO's quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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