Genesis Group Retains Investment Banking Firm

BOCA RATON, Fla., Oct. 1, 2012 /PRNewswire/ -- Genesis Group Holdings Inc. (GGHO:OTCBB), an end to end telecommunications infrastructure solutions provider, announces that it has retained New York based investment banking firm Wellington Shields & Co. LLC.  to assist the Company in sourcing capital through a secondary public offering and to provide advice  in connection with its acquisition strategies, enhancing shareholder value and liquidity.

Genesis Group Holdings CEO Mark E. Munro stated, "We are pleased to engage the corporate finance team at Wellington Shields. We believe that they will provide us exceptional advice and access to the capital markets in order to pursue and fund our growth and acquisition strategies in the telecommunications infrastructure sector." 

About Genesis Group Holdings, Inc.:

Genesis Group operates through its wholly owned subsidiaries.  The Company is a provider of engineering, construction management and installation fulfillment services to companies specializing in the telecommunications, broadband cable, wireless, two-way radio, transportation, public safety and satellite industries. www.genesisgroupholdingsinc.com.   

About Wellington Shields & Co, LLC.:

Founded in 1925, Wellington Shields is one of the oldest investment banks in the United States and a member of the prestigious New York Stock Exchange and a full-service broker-dealer employing over 400 people. The firm's mission is to focus on supporting emerging growth companies.  Wellington Shields has over 100 retail brokers in six offices throughout the country managing $3 billion of assets, significant research coverage with 13 analysts, three mutual funds with $800 million in assets and substantial trading desk capacity for making market.  

FORWARD-LOOKING STATEMENTS

The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.

Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. GGHO intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause the Company actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in the Company's annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov

Contact Information:

Lawrence Sands

Senior Vice President, Genesis Group Holdings, Inc.

561-988-1988

SOURCE Genesis Group Holdings, Inc.