Genesis Worldwide Announces the Groundbreaking for a new Cold Formed Steel Panel Manufacturing Facility in Hung Yen Province, Vietnam

Vaughan, Ontario (ots/PRNewswire) - Genesis Worldwide
Inc. (NEX: GWI.H) ("Genesis" or the "Corporation"), a leader in
software and industrial technology for residential and commercial
construction, today announced the groundbreaking for the new
production facility for its licensee, Megastar Engineering and
Construction ("Megastar E&C"), in Hung Yen Province, Vietnam.

Megastar E&C, an emerging and fast developing Vietnamese
engineering and construction company, is poised to take advantage of
the rapidly growing trends in the use of panelized cold formed steel
construction and advanced building information modeling technology
provided by Genesis ("Genesis Technology"). The new plant will enable
Megastar E&C to build single and multi-storey residential and
commercial buildings with greater efficiency and speed while
producing less waste and providing buildings that use less power than
traditional structures.

Genesis' President and CEO, Richard Pope, and Genesis' Board
member, Alan MacQuoid, recently visited Vietnam to negotiate the
final terms for the sale of the Genesis Technology and equipment to
Megastar E&C and provided a presentation on the use of cold formed
steel building solutions to a group of contractors, engineers and
government building officials.

Plans are underway to open the new facility by the end of the
year, which will be used to supply cold formed steel building panels
to South East Asia including Vietnam, China and Japan.

About Genesis Worldwide Inc.

Genesis is a provider of green light steel building systems and
solutions targeted at the global commercial, residential and
institutional building sectors. Genesis delivers customized turnkey
structural solutions including innovative light steel products, and
provides software packages, industrial equipment, training programs,
professional services and support ("Genesis Solution") to its
customers and partners globally. Headquartered in the Greater Toronto
Area in Ontario, Canada, Genesis has established a network of
partners with engineering, manufacturing and distribution operations
in Canada, the United States, the Middle East, Eastern Europe, Russia
and South East Asia. For additional information about the
Corporation, visit http://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
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harbour" provisions of such laws. Statements related to the
Corporation's projected revenues, earnings, growth rates,
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operations, performance and business prospects, and opportunities.
These assumptions, although considered reasonable by the Corporation
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 Corporation 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 Corporation 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 Corporation's most recent Annual
Information Form ("AIF"), a copy of which is available on SEDAR at
http://www.sedar.com. Forward-looking statements are based on
management's current plans, estimates, projections, beliefs and
opinions, and, except required by law, the Corporation does not
undertake any obligation to update forward-looking statements should
assumptions related to these plans, estimates, projections, beliefs
and opinions change.

Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.

For further information:
Genesis Worldwide Inc.
Richard Pope
Chief Executive Officer
Tel: +1-905-832-9286

ots Originaltext: Genesis Worldwide Inc
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Genesis Worldwide Inc., Richard Pope,Chief
Executive Officer, Tel: +1-905-832-9286