Genesis Worldwide Inc. Introduces the Genesis S...

FOR:  GENESIS WORLDWIDE INC.

TSX, AIM SYMBOL:  GWI

September 19, 2008

Genesis Worldwide Inc. Introduces the Genesis Solution to Sochi, Russia Venue for the 2014 Winter Olympics

New Licensing Agreement Represents Major Opportunity for Genesis

MISSISSAUGA, ONTARIO--(Marketwire - Sept. 19, 2008) - Genesis Worldwide Inc. ("Genesis" or the "Company"),
(TSX:GWI)(AIM:GWI), an international provider of "green" structural building technology using light gauge steel
aimed at the residential, commercial and institutional building markets, is pleased to announce that, as stated
in the Company's press release dated August 6, 2008, it has entered into a license and services agreement (the
"Agreement") with Metallist Ltd. ("Metallist") of Krasnodar, Russia, a newly established subsidiary of Newforma
Corp., a construction company having the majority of its operations around the City of Krasnodar, in the
southern part of Russia.

This Agreement calls for the building of a new plant that will produce light steel paneled structures using the
Genesis Solution, which includes leading-edge software, industrial equipment, hardware, processes and
engineering services.

Under the terms of the Agreement, Genesis will earn initial revenue of approximately US$3.3 million from
licensing the Genesis technology, the sale of industrial equipment and hardware, and various training and
consulting services required for the commissioning of the plant. Genesis will also earn a minimum of US$3.0
million in royalty fees over the next five years. The term of this Agreement is for a five-year period and will
automatically renew for an additional ten years.

The target date for the commissioning of the new plant is February 2009. As part of its agreement with Genesis,
Metallist's exclusive territory will cover the regions of Krasnodar Krai and the Republic of Adgea within the
Southern Federal District of the Russian Federation. Metallist will maintain exclusivity as long as annual
minimum gross sales targets are achieved. Metallist is located in southern Russia on the Black Sea city of
Sochi, which is considered to be the "Florida of Russia", a middle class vacation spot with homes, hotels and
resorts.

Metallist Director, Alexander Kurganskiy, applauded the Agreement, stressing that it comes at an opportune time
for his company. "With the 2014 Olympics around the corner, we will be competing for major construction
projects," said Kurganskiy. "The expertise Genesis brings in terms of light gauge steel technology means we can
build and expand our market share by offering customers an efficient and economic alternative to wood. We can
now compete in the resort market and also build mid-rise condominiums and apartment buildings which will enable
us to compete much more effectively in the local commercial market. In addition, skilled labor is difficult to
find in Russia and utilizing automated offsite construction minimizes labor costs." Kurganskiy added that,
"Russian customers will value the use of light steel over wood as it is perceived to be stronger and safer
because of resistance to seismic activity."

Recent statistics from The World Fact Book, CIA, states that Russia ended 2007 with its ninth straight year of
growth, averaging 7% annually. The U.S. Dept. of State (September 2007 issue of Bureau of European and Eurasian
Affairs) stated that construction was the fastest growing sector of the Russian economy. "This growth trend
could provide a significant business opportunity for Genesis going forward," said Mag Mostafa, Genesis' Vice
President of Business Development.

"As the 2014 Winter Olympics will be held in Sochi, Russia, the demand for rapid, high-quality and
environmentally sound construction is increasing in the region," said Mostafa. "Genesis is now poised to take
advantage of this opportunity. Metallist will prove to be a tremendous partner, particularly in light of their
expertise in networking and their knowledge of the intricacies of working with the Russian government.
Importantly, they understand the North American building system, which will be invaluable leading up to the
Sochi Olympics."

Mr. Mostafa continued, "The Russian government is providing infrastructure including roads, water, sewage and
electricity. With land relatively inexpensive, using light gauge steel and the Genesis Solution will save
significant building time and provide Metallist with a savings of 40% over the current costs of building with
wood."

About Genesis Worldwide Inc.

Genesis develops and licenses structural building technology aimed at the residential, commercial and
institutional building markets. Genesis offers licensees a turn-key solution enabling them to custom design,
manufacture and install complete light steel building structures. 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. Implicit in this information are assumptions regarding the growth potential
in the Russian marketplace. Specifically, we have assumed that the Russian marketplace will continue to grow
and, as result, ensures ongoing royalty revenues for the Company. 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
[phone], ext. 302
Website: www.genesisworldwide.com

OR

Canaccord Adams
Robert Finlay / L. Warren Pimm
[phone]

Genesis Worldwide Inc.