Doc re Genesis Worldwide Inc. Products Division...

FOR: GENESIS WORLDWIDE INC. TSX, AIM SYMBOL: GWI February 12, 2008 Genesis Worldwide Inc. Products Division-KML Building Solutions-Commences Site Installation of One of Its Largest Construction Projects KML to Provide 700,000 Square Feet of Light Steel Framing for Remington Homes' Townhouse Development MISSISSAUGA, ONTARIO--(Marketwire - Feb. 12, 2008) - Genesis Worldwide Inc. ("Genesis" or the "Company"), (TSX:GWI)(AIM:GWI), a leading provider of "green" structural building technology using light steel, today announced that its Genesis Products Division and subsidiary, KML Engineered Homes Ltd. (doing business as KML Building Solutions) ("KML"), will provide light steel framing to build Markham Centre Towns, for Remington Homes, Ontario's most accomplished real estate development company. Markham Centre Towns is part of Remington Homes' multi-year development project, Downtown Markham Development, the largest mixed use development in Canada. This transaction, valued at approximately $15.0 million, which the Company expects to earn over an 18 month period, is one of the largest construction projects for KML in its history. Remington Homes is in the process of building a small 'European style city' in Markham, Ontario. The new urban development is based on large European cities including Rome, London and Paris. The development will have a cosmopolitan city-centre that combines residential, shopping and dining experiences within comfortable walking distance of one another. KML will produce and install the light steel frame panels for 28 blocks (175 units) of townhomes that are each over 3,500 sq. feet in size. These luxury townhomes will be priced at approximately $600,000. Site work has begun with the installation of the first block of townhomes, which consists of eight units per block. The Company anticipates that installation of these luxury townhomes will be completed by the end of 2009. "We are delighted to begin our fourth project with Remington Homes. This is our largest project for KML. We have forged a tremendous partnership that will bring continued value and results for Genesis, KML and Remington Homes. This deal, and our ongoing partnership, reflects a serious commitment to being environmentally progressive leaders in the construction industry by both companies," said Genesis and KML CEO Vince Mifsud. "Genesis Worldwide is growing not only around the world, but also in Canada. Increasing our work with Remington Homes is a large part of our growth strategy and contributes significantly to our success domestically." KML was chosen to supply all the light steel framing needs for the three-storey townhomes within the development using the "Genesis Solution". As well as light steel wall panels, KML will manufacture and install iSPAN(TM) floor and roof trusses, which in total will cover approximately 20% of the entire construction of the townhomes. iSPAN(TM) simplifies floor design and construction utilizing practical features. These features include load distribution beams with "resting shelves" to aid easy installation, as well as joist chords with snap-in bridging which facilitates installation and reduces on-site measuring. iSPAN's optimized strength, superior performance and practical features make it the most trade-friendly light steel floor framing system available. Walter Zanutel, Vice President of Construction-Low Rise for Remington Homes, expressed his enthusiasm for the deal. "Genesis has proven to be not only a strong partner, but a leader in the industry. We are very proud of our product and particularly proud of this very unique development in Markham. We are big believers in Genesis products and they have a proven track record with us." 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. With over 20,000 residential and commercial buildings constructed in North America, KML has become a leading light steel framing innovator and provider in the world today. 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 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 currently has eight licensees worldwide. For additional information about the Company, visit www.genesisworldwide.com. Forward-Looking Information Certain statements contained in this press release constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to the Company's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. These statements are based on certain factors and assumptions including expected growth, results of operations, performance and business prospects and opportunities. While the Company considers these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Forward-looking information is also subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what we currently expect. These factors include changes in market and competition, governmental or regulatory developments and general economic conditions. Additional information identifying risks and uncertainties relating to the Company, its business and prospects are contained in Genesis' prospectus filed with the Canadian securities regulatory authorities, available at www.sedar.com. -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/Clayton Bush +44 020 7050 6500 -0- Genesis Worldwide Inc.
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