Genesis Group Holdings, Inc. Expecting Strong 4th Quarter Results
BOCA RATON, Fla., Oct. 13, 2011 /PRNewswire/ -- Genesis Group Holdings, Inc. (OTCBB:GGHO), which operates through its wholly-owned subsidiaries, including Digital Comm, Inc. ("DCI"), and Tropical Communications Inc. ("Tropical"), is expecting positive results from its subsidiaries for the 4th Quarter.
The Company has been taking on additional work since the middle of September and has several new projects lined up that are expected to start in the 4th Quarter as well. Gideon Taylor, CEO of Genesis stated: "Both DCI and Tropical have a significant amount of work in process as well as backlog. We will be looking for additional acquisitions to enable us to take on larger projects that are being presented to us."
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.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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