BOCA RATON, Fla.
July 9, 2012
/PRNewswire/ -- Genesis Group Holdings, Inc. (OTCBB: GGHO), operating through its Digital Comm Inc. ("DCI") and Tropical Communications, Inc. subsidiaries, has secured a contract for the installation of a wireless distributed antenna system at Tropicana Field in
St. Petersburg, Florida
, home of the Tampa Bay Rays. A DAS network consists of a central hub location which links, via fiber optic cable, a network of strategically placed antenna locations to provide wireless carriers the coverage and bandwidth needed in demanding areas. The value of the contract at Tropicana Field is approximately
. The work is expected to begin immediately and be completed before the end of the summer.
, President of Genesis and DCI, stated that "this project is another example of the solutions that our group of companies are able to provide. Stadiums around the Country are trying to enhance the experience for the fan through a Distributed Antenna System (DAS) and a managed network. We are excited to be a part of that process."
About Genesis Group Holdings, Inc.:
Genesis Group operates through its wholly owned subsidiaries. The Company is a provider of engineering, construction management and installation fulfillment services to companies specializing in the telecommunications, broadband cable, wireless, two-way radio, transportation, public safety and satellite industries.
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 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