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BOCA RATON, Fla.,
Oct. 6, 2011 /PRNewswire/ -- Genesis Group Holdings, Inc. (OTCBB: GGHO) (the "Company"), through its wholly owned subsidiary Digital Comm Inc. ("DCI"), has contracted with Alpha Technologies Services, Inc. to perform power system upgrades for the cable television industry nationwide. DCI expects the value of the contract to be over
$200,000 in short-term revenues for the company. Alpha Technologies Services, Inc., a member of The Alpha Group, provides the CATV and communications industry with innovative powering solutions.
Gideon Taylor, CEO of the Company, stated: "This is an example of how we intend to diversify our business going forward. Projects such as these are expected to keep our Company's subsidiaries busy over the course of the next twelve months."
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.
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.