Genesis Group Retains Investment Banking Firm
BOCA RATON, Fla., Oct. 1, 2012 /PRNewswire/ -- Genesis Group Holdings Inc. (GGHO:OTCBB), an end to end telecommunications infrastructure solutions provider, announces that it has retained New York based investment banking firm Wellington Shields & Co. LLC. to assist the Company in sourcing capital through a secondary public offering and to provide advice in connection with its acquisition strategies, enhancing shareholder value and liquidity.
Genesis Group Holdings CEO Mark E. Munro stated, "We are pleased to engage the corporate finance team at Wellington Shields. We believe that they will provide us exceptional advice and access to the capital markets in order to pursue and fund our growth and acquisition strategies in the telecommunications infrastructure sector."
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. www.genesisgroupholdingsinc.com. About Wellington Shields & Co, LLC.: Founded in 1925, Wellington Shields is one of the oldest investment banks in the United States and a member of the prestigious New York Stock Exchange and a full-service broker-dealer employing over 400 people. The firm's mission is to focus on supporting emerging growth companies. Wellington Shields has over 100 retail brokers in six offices throughout the country managing $3 billion of assets, significant research coverage with 13 analysts, three mutual funds with $800 million in assets and substantial trading desk capacity for making market. FORWARD-LOOKING STATEMENTS 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.
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