BOCA RATON, Fla., Sept. 22, 2011 /PRNewswire/ -- Genesis Group Holdings, Inc. (OTCBB:GGHO) ("GGHO" or the "Company"), through its Digital Comm Inc ("DCI") and newly acquired Tropical Communications Inc. ("Tropical") subsidiaries, expects to begin work at Miami International Airport. The project is for the installation of fiber and coax cable at MIA. The project is expected to start shortly at MIA's South Terminal and work in phases throughout the airport.
Gideon Taylor, CEO of the Company, stated: " The total value of this project is over $1 million and is expected to keep our Company's DCI and Tropical subsidiaries busy over the course of the next twelve months. It is also the first of many projects that we will be able to handle internally through multiple subsidiaries working together."
About Genesis Group Holdings, Inc.
Genesis Group operates through its wholly owned subsidiaries. The Company provides turnkey operations in outside plant construction, wireless infrastructure, voice-data network technologies, utility infrastructure, water, sewer, electric, gas, fiber/copper buried and aerial cable. Its subsidiaries have master contracts with ATT, Verizon, and other communications providers.
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" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in GGHO's annual report on Form 10-K for the most recent fiscal year, GGHO's quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Senior Vice President, Genesis Group Holdings, Inc.
SOURCE Genesis Group Holdings, Inc.