Genesis Products Division Continues Expansion I...
FOR: GENESIS WORLDWIDE INC.
TSX, AIM SYMBOL: GWI
January 21, 2009
Genesis Products Division Continues Expansion Into Affordable Housing Market
MISSISSAUGA, ONTARIO--(Marketwire - Jan. 21, 2009) - Genesis Worldwide Inc. ("Genesis" or the
"Company"), (TSX:GWI)(AIM:GWI), a leading provider of "green" building technologies, is pleased to
announce that its Genesis Products Division and subsidiary, KML Building Solutions ("KML"), has been
contracted to build green affordable housing units in western Ontario, Canada, for low-income
families. The project is for the construction of a three-storey, thirty-nine unit, apartment building.
The Board of Directors and management of Genesis believe that current economic conditions make the
affordable housing market an even more important one for builders, and the Company continues to make
progress in that market segment.
This is the second contract in the affordable housing market won by Genesis in the last six months. It
represents more growth potential for KML, and ultimately Genesis, in that it is the second significant
project for KML in this particular market segment. It is also noteworthy because the competition for
this project was against traditional wood construction.
Using the Genesis Solution, KML will manufacture and install all the light steel framing needs,
including the Genesis Wall Panel System and Genesis iSPAN(TM) Floor System, for the government
subsidized mid-rise multi-family structure in this southwestern Ontario community. Production of the
light steel wall panels will begin at KML's Vaughan facility, with onsite work to begin this month.
The estimated completion date for KML's portion of the construction is during the second quarter of
2009.
Genesis' light steel structural building technology is environmentally conscious and energy efficient,
as well as being fire resistant, providing a safe living environment. Air quality remains superior
because light steel buildings are allergen-free, mould-free and toxin-free. As with previous projects
of this type in southern Ontario, the Genesis Solution fits especially well where there are multiple
family units connected, and when combustibility and sound are concerns.
Materials for this project will be precision cut at the KML factory for easy assembly. Light gauge
steel materials are more economical than traditional construction materials, with far less waste.
Importantly, high-quality residences will be built in far less time.
In short, Genesis provides an easily transportable building system which is of the highest
environmental standards and is also affordable because of the use of cost-effective materials and a
unique and economical manufacturing process.
About KML Building Solutions
KML utilizes Genesis' framing technology to provide builders with higher quality, faster and more cost
effective framing solutions than the traditional framing methods of the past. Innovative light steel
building materials and a fully integrated "turn-key approach" to framing construction sets KML apart
and provides builders with a more simplified building process with considerably less risk. KML has
become a leading light steel framing innovator and provider focused on the Ontario, Canada market, and
has constructed over 400 projects totaling approximately ten million square feet. KML's manufacturing
facility is located in Vaughan, Ontario, Canada and is Genesis' first Canadian licensee. For
additional information about KML, visit www.kmlbuildingsolutions.com.
About Genesis Worldwide Inc.
Genesis is a leading provider of "green" building technology. Genesis offers licensees a turn-key
solution which includes software applications, industrial technologies, and a wide range of services.
The Genesis Solution encompasses engineered processes and materials that are environmentally
sustainable or "green". Genesis is headquartered in Mississauga, Ontario, Canada and has licensees in
the United States, Canada, Europe and the Middle East. For additional information about the Company,
visit www.genesisworldwide.com.
Caution Regarding Forward Looking Information
Certain statements in this press release which are not historical facts constitute forward-looking
statements or forward-looking information within the meaning of applicable securities laws ("forward-
looking statements") and are made pursuant to the "safe harbour" provisions of such laws. Statements
related to the Company's projected revenues, earnings, growth rates, performance, business prospects
and opportunities are forward-looking statements, as are any statements relating to future events,
conditions or circumstances. The use of terms such as "may", "will", "should", "plan", "believes",
"predict", "potential" "anticipate", "expect", "project", "target", "estimate", "continue" and similar
terms are intended to assist in identification of these forward-looking statements. These statements
are based on certain factors and assumptions including expected growth, results of operations,
performance and business prospects and opportunities. These assumptions, although considered
reasonable by the Company at the time of preparation, may prove to be incorrect.
Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such
forward-looking statements are not promises or guarantees of future performance and involve both known
and unknown risks and uncertainties that may cause the actual results, performance or achievements of
the Company to differ materially from the results, performance, achievements or developments expressed
or implied by such forward-looking statements.
Many factors could cause the actual results of the Company to differ materially from the results,
performance, achievements or developments expressed or implied by such forward-looking statements,
including, without limitation, those factors discussed under the heading "Risk Factors" in the
Company's most recent Annual Information Form ("AIF"), a copy of which is available on SEDAR at
www.sedar.com. Forward-looking statements are based on management's current plans, estimates,
projections, beliefs and opinions, and the Company does not undertake any obligation to update forward-
looking statements should assumptions related to these plans, estimates, projections, beliefs and
opinions change.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Genesis Worldwide Inc.
Catherine Smyth
Manager, Investor Relations
(905) 285-9909, ext. 302
Website: www.genesisworldwide.com
OR
Canaccord Adams
Robert Finlay
+44 020 7050 6500
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Genesis Worldwide Inc.