Genesis Worldwide Announces Cancellation of AIM...

FOR: GENESIS WORLDWIDE INC. TSX, AIM SYMBOL: GWI February 10, 2009 Genesis Worldwide Announces Cancellation of AIM Listing MISSISSAUGA, ONTARIO--(Marketwire - Feb. 10, 2009) - Genesis Worldwide Inc. ("Genesis" or the "Company"), (TSX:GWI)(AIM:GWI), a leading provider of 'green' building technologies, announces the cancellation of the trading of its common shares on the Alternative Investment Market ("AIM") of the London Stock Exchange, to take effect from 7 a.m. (GMT) on Wednesday, March 11, 2009 (the "Cancellation Date"). The Board of Genesis concluded that the additional costs associated with maintaining a listing on AIM were not justifiable given the Company's North American focused shareholder base. This decision was based on several factors, including low trading volumes in the UK, and the cost and management resources involved in maintaining the AIM listing. The Company will maintain its listing on the Toronto Stock Exchange ("TSX"), and UK shareholders wishing to trade Genesis' common shares after the Cancellation Date will be able to do so through the TSX. Genesis does not expect the liquidity or marketability of the Company's common shares to be materially affected by the AIM delisting. 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. -30- 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 or Ryan Cohen +44 020 7050 6500 -0- Genesis Worldwide Inc.
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