|
French Media Company Selects Genesis Technology
Group to Distribute SMS Entertainment Content to Chinese Markets
Internet's leading entertainment portal targets Chinese SMS users;
Genesis China Roundtable in Paris scheduled for March 26th.
 BOCA RATON,
FL, January 6, 2004 (INTERNET WIRE via COMTEX) -- Genesis Technology Group,
Inc. (OTCBB: GTEC) announced today the signing of a contract with FilmFestivals
Entertainment Group (FFEG), a French corporation with headquarters in
Paris. Genesis will forge strategic alliances for FFEG in China to remarket
its licensed entertainment content. Contractually, Genesis can earn revenues
based on a per-message basis, as the Chinese annually transmit text messages
numbering in the tens of billions.
Malo Girod de l’Ain, FilmFestivals’ CEO, commented from Paris: “FFEG hosts the number one portal site for international film festivals and film news. Our mission is to be the premiere online entertainment destination dedicated to showcasing film festivals around the world and fostering new film and filmmaking talent. We have determined that China must be the next great frontier for such content. We have been told that 70 percent of its population is under the age of 30 years, our target audience. Genesis has been chosen as our liaison to this seemingly boundless market.” FFEG was founded in 1995 by Mr. Girod de l'Ain, who created the first official website for Cannes International Film Festival and went on to develop the Internet's leading website for film festivals
Bruno Chatelin,
FFEG Chief Operating Officer, added: “We are proud of this alliance
with Genesis. Since 2002, we have established strong partnerships with
many media sources that build a strong circuit: Cannes Film Festival,
Los Angeles Film Festival, IFP Market in New York, Newport Beach, Karlovy
Vary, Paris, Venice, MIFED and many others. We have concluded that Genesis
is uniquely qualified to market our extraordinary content in China.”
Mr. Chatelin was responsible for the launch of over 250 films during his
tenure as Marketing Director and Managing Director for Columbia TriStar
Films and Twentieth Century Fox. In 1995, he built the joint venture between
French major UGC and Fox and led it to the leading position in the French
market.
Gary L. Wolfson, Genesis CEO, summarized: “Latest figures released by China's Ministry of Information Industry show China has the world's largest mobile phone ownership with over 255 million users that send over 400 million text messages every day. In 2003, China's mobile phone users transmitted over 100 billion text messages, increasing 100-fold since the year 2000.
“Since
Genesis obtained its own SMS license in November, we have actively sought
content providers. Interestingly, the FFEG contract is a direct result
of our April 2003 roundtables in California where 48 companies attended.
At that venue, FFEG’s U.S. representative attended. This is illustrative
of the fact that cultivating business for China takes patience and tenacity.
Having hosted a successful Munich event last spring, we are planning a
China Roundtable in Paris on March 26th at the InterContinental Hotel
located at 3 Rue de Castiglione.
“Our expansive network has established critical relationships with China Telecom and China Mobile Communications Group; these are the largest communications companies in the world. Now we are gearing up for a media blitz in China for FFEG for the Chinese New Year on January 22nd. A year ago, it was reported that the Chinese sent over six billion text messages on that single day.”
About FilmFestivals Entertainment Group
FilmFestivals Entertainment Group was founded in 1995 and first produced a CD-Rom on the Cannes Film Festival as well as created its first official website. This successful experience developed into a focus on film festivals all over the world. FilmFestivals.com achieved a record audience in May 2003 with 9million pages and 890,000 visitors, aimed at both movie buffs and professionals, focusing on film festivals and motion picture events. FFEG’s Web site content is bilingual, English and French: www.filmfestivals.com
About Genesis Technology Group, Inc.
Genesis Technology Group is a business development firm that fosters bilateral commerce between companies in the United States and Europe with those in China. Genesis has created successful profit centers in product development, manufacturing, distribution, joint ventures and operational services. Genesis has established effective working relationships with various governmental agencies, public institutions, and private industries in China at both national and provincial levels. Its wholly-owned subsidiary, Yazheng (Yastock) Investment Consulting Company, Ltd., owns a license to operate as a wireless content provider, aggregator and mobile marketing provider in Shanghai. This license will be upgraded to a national level after three months of operation. For more information, visit www.genesis-technology.net
This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
Contact: Genesis Technology Group, Inc.
Kenneth Clinton kclinton@genesis-technology.net
777 Yamato Road, Suite 130, Boca Raton, FL 33431 USA
Phone: 561-988-9880
Fax: 561-988-9890
Contact: FilmFestivals Entertainment Group
Malo Girod de l’Ain malo@filmfestivals.com
25, Boulevard Malesherbess 75008 Paris, France
Phone: +33 1 72 74 71 79
Fax: + 33 1 72 74 73 79
|
