Generation Zero Group, Inc. Finalizes Documentation

-Secures Necessary Consents to Close Acquisition-

Jun 16, 2010, 08:00 ET from Generation Zero Group, Inc.

ATLANTA, June 16 /PRNewswire-FirstCall/ -- Generation Zero Group, Inc. (the "Company") (OTC Bulletin Board: GNZR) today announced that it has completed the negotiation of all acquisition and financing documents related to the acquisition of  The acquisition requires the approval of 75% of certain parties that control the domain name.  Representatives of those parties have indicated to the Company that the parameters of the transaction have been approved by in excess of the required 75% approval level and that now that the documentation has been negotiated the transaction should close within a week.

Commenting on the announcement, Generation Zero Group, Inc. Chief Executive Officer Matthew Krieg commented:  "I believe that the parties involved in this transaction always believed the transaction would close.  The hold up has been determining the optimal structure.  Now that the structure is set and the documents have been negotiated, I expect that we can close within a week and continue to leverage our technology with this premium domain name with the goal of building into a premium brand in the search engine space."  

About Generation Zero Group, Inc.:

Generation Zero Group, Inc.  (  Based in Atlanta, Georgia, Generation Zero Group, Inc. is focused on having controlling or significant ownership interests in Premium Domain names, next-generation Technologies and Businesses with strong growth potential.  The Company intends to use its expertise in Internet marketing, search engine optimization, and cutting edge technology to build and expand its business interests in their respective markets.  

This press release may contain forward-looking statements, including information about management's view of the Company's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents the Company files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on the Company's future results. The forward-looking statements included in this press release are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.

SOURCE Generation Zero Group, Inc.